Recognize And Exploit Uptrends and Downtrends

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Uptrends and Downtrends in technical analysis

Depending on the market mood (optimistic or pessimistic), these supports move up or down.

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Asian Paints Ltd.

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HDFC Bank Ltd.

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The earlier edition covered the concept of supports and resistances, which are markers of the prevailing market sentiment. Depending on the market mood (optimistic or pessimistic), these supports move up or down, creating an uptrend or a downtrend, which is the concept for this edition

UPTREND: Let us first consider a period of bullish fervour, when an investor loses the opportunity to buy Stock A at Rs 100 and the price shoots up to Rs 130 (i.e. the first top). When the correction starts in that counter, the same investor is afraid that the price may not come down to Rs 100 again; so he starts buying it at a price above Rs 100. Due to the increased buying pressure before the previous bottom (i.e. Rs 100), the stock may bottom out at a higher level, say at Rs 110. Once the stock bottoms out at Rs 110, the number of investors who want to buy it during correction increases. Since they know that the stock is already in an uptrend, they may try to buy it at a price above Rs 110 the next time, and this may result in the formation of another higher bottom. This formation of ‘higher tops and higher bottoms’ is an uptrend.

UPTREND LINE: An uptrend line is plotted connecting higher bottoms, as shown in the Asian Paints chart. While it is mathematically possible to connect two data points to create a line, it is better to have at least three to form a trend line. It’s the third point that actually confirms the trend. Since these trend lines are formed connecting higher bottoms, it will slope upwards.

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BUY SETUP

Step 1: New Buy Signal & Success Rate is higher than 65%

Step 2: Determine your StopLoss

  • Option 1: Opposite Signal
  • Option 2: Support & Resistance levels

Step 3: Determine your TakeProfit Strategy

Option 1: 100% TakeProfit on TP1

Option 2: 50% partial takeprofit on TP1 & close remaining 50% on TP2.

Option 3: 100% takeprofit on opposite signal or riding the trend until it reverses.

SELL SETUP

Step 1: New Sell Signal & Success Rate is higher than 65%

Step 2: Determine your StopLoss

  • Option 1: Opposite Signal
  • Option 2: Support & Resistance levels

Step 3: Determine your TakeProfit Strategy

Option 1: 100% TakeProfit on TP1

Option 2: 50% partial takeprofit on TP1 & close remaining 50% on TP2.

Option 3: 100% takeprofit on opposite signal or riding the trend until it reverses.

For takeprofit strategy explanation, please read the “TAKEPROFIT STRATEGY BREAKDOWN” Section

MULTI TIMEFRAME APPLICATION

BUY SETUP

Step 1 : Higher timeframe is Uptrend. Only look for Buy signals on lower timeframe

Step 2: Lower timeframe Success Rate is higher than 65%

Step 3: Lower timeframe New Buy Signal

Step 4: Determine your StopLoss

Step 5: Determine your TakeProfit Strategy

SELL SETUP

Step 1: Higher timeframe is Downtrend. Only look for Sell signals on lower timeframe

Step 2: Lower timeframe Success Rate is higher than 65%

Step 3: Lower timeframe New Sell Signal

Step 4: Determine your StopLoss

Step 5: Determine your TakeProfit Strategy

For timeframe suggestion, please read the “MULTI TIMEFRAME SELECTION” Section

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Blue Boxes – Buy Signal

Red Boxes – Sell Signal

Green Boxes – Uptrend

Pink Boxes – Downtrend

Numbers Inside Box – Success Rate

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  • Black Numbers – Success Rate , “
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  • Ideal Setup: USDJPY M15 Sell Signal and Success Rate is 67.74
  • Check Higher TF: H4 is Downtrend

We Can Trade The Sell Signal

Lets Apply Option 2 For TakeProfit Strategy

  • Partial Close trade on TP1
  • Close all trades on TP2

Trade Was Successful

TAKEPROFIT STRATEGY BREAKDOWN

Option 1: 100% TakeProfit on TP1

  • Higher probability but less profit
  • Ideal for ranging market conditions
  • Market ranges 70% on average. A quick exit will ensure that we book profits and avoid reversals.
  • Conservative approach and recommended for scalping

Option 2: 50% Partial TakeProfit on TP1 & close remaining 50% on TP2.

  • Moderate probability & profit.
  • Ideal for swinging conditions (Moderate trends and moderate ranging conditions) which happens 50% on average.
  • General recommendation because of a good balance between profit and probability.

  • Lower probability but higher profit since a strong trend will generate big rewards.
  • Ideal for trending market conditions ONLY.
  • Market only trend 30% of the time. Most trades closed in the opposite signal results to a loss.
  • Recommended for advance traders who can identify strong trends to unfold.

PAIR & SYMBOL SELECTION

Works in any pair or symbol, below are suggestions:

  • Trade pairs with the highest “Success Rate” value.
    • Ideal Success Rate is greater than 65%
  • Pairs you are more familiar in trading
    • Most traders go for major pairs like EURUSD, GBPUSD, USDCHF, USDJPY. etc
  • Pairs with lower spreads, specially when used on timeframes lower than H1

TIMEFRAME SELECTION

Works in any timeframe, below are suggestions:

  • M15 for scalping
  • H1 for day trading
  • H4 for swing trading
  • D1 for long term trading

MULTI TIMEFRAME SELECTION

When multi-timeframe application is used, below are suggested combinations.

  • M1 Lower timeframe & M15 Higher timeframe
  • M5 Lower timeframe & H1 Higher timeframe
  • M15 Lower timeframe & H4 Higher timeframe
  • M30 Lower timeframe & H4 Higher timeframe
  • H1 Lower timeframe & D1 Higher timeframe
  • H4 Lower timeframe & D1 Higher timeframe
  • D1 Lower timeframe & W1 Higher timeframe

Lower timeframe is used to enter trades

Higher timeframe is used as main trend filter

STATISTICS

  • Signals – total number of signals
  • TP1 Hit – percentage of signals that hit TP1
  • TP2 Hit – percentage of signals that hit TP2
  • Exit Win – percentage of signals that did NOT hit TP1 or TP2 and closed on opposite signal with positive profit
  • Exit Loss – percentage of signals that did NOT hit TP1 or TP2 and closed on opposite signal with negative profit
  • Wins – total number of wins
  • Loss – total number of losses
  • Success Rate – percentage of winning trades

STATISTICS CALCULATION

  • TP1 Hit – when a signal reaches at least TP1.
  • EXIT Win – When a trade is closed on opposite signal and resulted to a positive profit.
  • Exit Loss – When trade is closed on the opposite signal and resulted to a negative profit.

Example of Losing Trade

Trade did NOT reach TP1 and closed on opposite signal with Loss

INDICATOR PARAMETERS

  • Period – the number of bars used to calculate the trend.
    • Period – 2 to 5 when used in entering trades (Entry Indicator).
    • Period – 6 to 15 when used to filter trades (Filter Indicator).

  • Target Factor – the multiplier used to calculate take profit levels.
    • Increasing this value will give more take profit but decreases success rate.
    • Decreasing this value will gives less profit but increases success rate.
    • Target Factor – 1.50 to 1.80 for quick trades and scalping
    • Target Factor – 2.00 to 3.00 for long term and trend trading

  • Maximum History Bars – maximum number of bars used.

MISC PARAMETERS – controls the universal settings. FOR DEVELOPER/CODER PURPOSES ONLY.

  • Universal Draw Buffers – Enable/Disable all buffers drawn on chart.
  • Universal Draw Objects – Enable/Disable all objects drawn on chart.
  • Universal Delete Objects – Enable/Disable all objects to be deleted on chart.
  • Universal Enable Alerts – Enable/Disable all alerts to be triggered

DISPLAY PARAMETERS – controls the visibility of objects drawn on chart.

  • Show Trend Arrows – show/hide trend direction arrows
  • Show Entry Arrows – show/hide entry point arrows
  • Show TP Targets – show/hide TP arrows
  • Show TP Hit Line – show/hide TP Hit lines
  • Show TP Tracking Line – show/hide line from Entry to TP
  • Show EXIT Targets – show/hide EXIT arrows
  • Show EXIT Hit Line – show/hide EXIT Hit lines
  • Show EXIT Tracking Line – show/hide line from entry to exit
  • Show Profit – show/hide profit/loss
  • Profit Font Size – text size of profit
  • Visual Mode – Enable 3D colors
  • Charts To Foreground – force charts to be drawn on top of all objects

GRAPHICS PARAMETERS – controls the appearance and colors of drawn objects on chart.

  • Uptrend Line – color of uptrend
  • Downtrend Line – color of downtrend
  • Buy Entry – color of buy entry arrow
  • Sell Entry – color of sell entry arrow
  • TP1 – color of TP1 arrow
  • TP2 – color of TP2 arrow
  • TP Hit – color of TP hit arrow
  • EXIT Win – color of Exit win arrow
  • EXIT Loss – color of Exit loss arrow
  • TP Hit Line – color of TP hit line
  • TP Tracking Line – color of line from Entry to TP
  • EXIT Hit Line – color of Exit hit line
  • EXIT Tracking Line – color of line from Entry to Exit
  • Positive Profit – color of winning trades
  • Negative Profit – color of losing trades

DASHBOARD PARAMETERS – controls the visibility and colors of statistics found on chart.

  • Show Dashboard – show/hide information dashboard
  • Show Dashboard Background – show/hide dashboard background box
  • Dashboard Font Size – Text size for statistics.
  • Dashboard X-Offset – Distance of statistics horizontally. Increase value to move it to the right (Ex. 100 to 1000).
  • Dashboard Y-Offset – Distance of statistics vertically. Increase value to move it lower (Ex. 100 to 1000).
  • Dashboard Y-Spacing – factor used as row distance.
  • Dashboard Background X-Size – size of dashboard background.
  • Dashboard Background – color of dashboard
  • Auto Color Dashboard Background – use the chart background color as dashboard background color
  • Dashboard Text – color of dashboard
  • Auto Color Dashboard Text – use the chart foreground color as dashboard text color
  • Dashboard Buy – color of dashboard buy signal
  • Dashboard Sell – color of dashboard sell signals
  • Dashboard TP Hit – color of text when targets are hit
  • Dashboard Outline – color of dashboard borders

ALERT PARAMETERS – controls the alert options enabled.

Thread: Uptrend and downtrend in forex

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Uptrend and downtrend in forex

The trend in forex market shows the value or the direction of a certain pair in forex market. This direction can be uptrend direction or downtrend direction. Indicators are used to show the value and direction of trend in forex market. When the indicator shows that the value of a pair is increasing with the passage of time in forex market then and the trend for such value is called uptrend. Similarly if the indicator shows that the value of a pair is decreasing in forex market then the trend for such value is called downtrend.

The following 13 users say Thank You to Awaisqarni for this useful post.

There are three types of trend in forex market. Up trend second is down trend and the third trend is side way trend. Normally during side way trading it is very defficult to find out the correct analysis becasue one wrong lot leads to big loss.

The following 11 users say Thank You to johan9900 for this useful post.

The uptrend describe the price movement of financial asset when the overall direction is upward in an uptrend each successive week and throw is higher than the one found earlier in the trend the after and is therefore composed of higher swings low and higherswing high as long as the prices making this highest showing lower and higher swing the uptrend is considered intect once the price start making lower swing low close the uptrend in a question for as reversed into downtrend.

The following 12 users say Thank You to amir354 for this useful post.

An uptrend is an involved and price created by higher swing lower and higher swing hai technical indicators and tools main aim in identifying and analysing after and trend traders utilise uptrend by buying during pullback rs the price rises again attempting to capture profit based on the concept that after and make higher law and higher in the price is no longer making hai lower and higher the uptrend is an question 2 may have reversed into a downtrend.
Some traders and investors only closed during uptrend these trend trader utilise various strategies to make take advantage of the tendency for the rise to make higher higher and higher low.

The Following User Says Thank You to Ali512 For This Useful Post:

dear brother, trend is very important in forex market. we should learn about the downtrend and uptrend. that people who open the trade on trend, they must get knowledge about the up and down trend. if you want to know about the market trend. you should see the candle chart. the chart will show you the market trend. if you open the trade against the market trend then you face the big loss. you will heard that trend is your friend. so don’t open the trade against the market trend.

there are two trends in the market that is uptrend and downtrend , these two trends show the direction of the market , upward trend support the buyers and downward trend show the supports towards sellers .. this is like tug of war between buyers and sellers

Uptrend and downtrend in forex

Hy Bro, An uptrend provides investors with an opportunity to profit from rising asset prices. . When an asset fails to produce higher swing highs and lows, it means that a downtrend could be underway, the asset is ranging, or the price action is choppy and the trend direction is hard to determine. It’s when a stock price is moving downward or getting lower. The downtrend is characterized similarly to an uptrend.

There are two type of trends in forex market the downtrend and the app and then there too much buyers in the market and the demand of a specific currency increase it means it has uptrend and when there too much salary in the market and demand of currencies become decreases then it is the downtrend

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