If the color of the ribbon is black then the trend is down. Along with the ribbon, a super trend histogram is also used as a trend confirmation indicator. If the super trend is white then the trend is up and if the histogram is red then the trend is down. Traders should wait for a change in color of ribbon and histogram to take entry. The pivot point is used for target and stop-loss placement.
During a long setup, traders should use stop loss below the support zone and target near the resistance zones. During short trades, traders should use stop loss above the resistance zones and target below the support levels. I have been actively trading the financial markets since April Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs.
At my leisure, I love attending live music, traveling, and partying with friends. Save my name, email, and website in this browser for the next time I comment. Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money. Forex Brokers. Trend Following Systems. Trend Following Indicators. Install System in MT4. Install Indicator in MT4.
Forex No Deposit Bonus. Best Forex Trading Strategy. By Arun Lama Published On Contents hide. Recommended Brokers. Visit RoboForex. Visit Exness. Visit XM. When using price action, traders can focus on the swings made by prices as trends move higher or lower.
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