A lot of us have problems to identify Trends in Forex. So how to spot a trend? Are you sure its a good trend? I found myself asking this questions all the time. But finally found the answer with Forex Trend Scanner Trendy.
What we are explaining here is a website where you log on and then they provide you with trend information, graphs, pattern recognition and notifications. This will make sure you never trade against the trend ever.
Remember, you should always trade with the trend! and never against the trend.
1.) In the above picture you can see What the Trend Direction, Trade Pair and different Time frames, Trend drawdown per trend direction
Taking signals in the direction of a trend you would have a lot higher chance of winning the trade and this would reduce unnecessary losses. All you need to know is how well the market is trending so that you can avoid short term trends.
When trading never trade on every potential trade. Pick only the best trading pairs and time frames and do not take any unnecessary risks unless you know exactly what you are doing. Remember that successful traders always keep it simple and trade always when trend is with you!
I have been using this website for some time now and i must admit that im impressed it helped me identify strong trends, currency pairs to trade and helped me not to trade when there is a short term trend reversal. It really pushed me across the edge to start wining trades in Forex.
2.) Trend with multiple time frames This way you can really see if the trend is super strong or just playing. Always remember that trend on higher timeframes is a lot stronger then lower timeframes
3.) Options to select different Currency pairs, timeframes,…
4.)Pattern Recognition such as “Triangles, Flags and Wedges”
5.) Alerts and Notifications when you hit the right pattern / trend
Check out the video for the platform:
All of the above creates Forex Trendy – Forex trend scanner on of the best trend detectors. If you decide to use it then you for sure will have a an edge in Forex Trading.