When Markets Will Turn Is All I Care

[JAMES BOND7]

Why markets turn? i really dont want to know.
when markets will turn is all I care.
Can somebody tell me how
can I find when the markets are going to turn?
what system or indicators can help?
please give your ideas
thanks

[socrates]

Wow, Mr Bond, you not asking for much are you. Just the ultimate pinnacle of Forex knowledge.

Keep learning and trading for a while and try to get a "feel" for the market. Watch candle formations, horizontal S & R lines and some fib levels

Happy trades
Soc

[elmagd2000]

This is typically "Swing trading". I think this will be of use:
- Obought/Osold indicators like stoch. oscillators and RSI
- Divergence indicators like macd and momentum
- Eliott wave and Fib. numbers.
- Swing trading topic has been discussed in many books like
The Master Swing Trader by Alan S. Farley
which available in moneytec bookstore
If you need more details pls. contact me.

Hope that helps,
Hani

[JAMES BOND7]

Thanks for your info.
i will mail you on hotmail. i am from hyderabad.
talk to you later and learn from you a lot
cheers
buddy

[4X4X]

Mr. Bond, there are two types of trends, short and long term. You first have to decide which trend you want to follow, if you decide on intraday, you can follow the short term trend and vice versa. Short term trends are the retracements of the long term trends, they too can give you a good run.

Longer term trends can be seen on daily and weekly charts. Eur/Usd have a good weekly range for past 3 months and is obvious on daily and weekly charts.

Both, Fibonaccis and Pivotal points are good for predicting long and short term trends, you can also consider using daily and weekly hi-lows/ & open close for the purpose.

Hope this helps.