Friday, May 12, 2006

SilverTrend Indicator

When trading Forex i had a big issue with entry points i though: is retracement confirmed or is it not, is it time to enter or better wait for a while, my Forex entry strategy wasn't good, until i found simple to use SilverTrend Indicator, actually he is not doing a lot but helps me big time, it gives objective entry signals, and ofcourse it works best on trending market

Let's look at the picture. It is ofcourse 4H EUR/USD chart, i drew there two trendlines which form a channel, we have got bullish market no doubt about it.

Now look at blue arrows the ones very close lower trend line are giving very strong LONG signal, you can chceck it by yourself, look arrow in the middle between two trendlines (5th arrow) is giving false signal well may be it was opportunity to make few pips but i wouldn't risk there, on the other hand last signal (last blue arrow) which is nearly on trendline gave more then 160 pips in few hours.

You proboably also see orange arrows but i do not think it is wise going short when market is definitely going long, but when market is going down we ofcourse do the opposite, enter when signal is given by orange arrow.

I know it looks great and you may be thinking "hey, let's write an mechanical expert who will go long and short when signals are given!" this proboably isn't bad idea where market is going up or down, but be aware that when Forex is moving horizontal this mechanical strategy would wipeout your account in no time, because silver trend alert when trend change is confirmed on trading market when confirmation occurs it usually end of the trend.

Now for the price of this indicator ... just kidding it is free and comes in two versions.
Silver Trend standad silver trend indicator
Silver Trend Alert this version of indicator comes with popup and sound alert so you will never miss a trade :) but when using it for more then a week it gets boring so i am not using alerts right now.

Last word of warning, you can also find other indicator with word "trend" in their namess which look better then silver trend and cost more then 100$ dollars, most of them are nothing more then silver trend modified a bit and presented by vertical lines or something equal, do not throw your money on it.

13 comments:

akbtrader said...

I was told that this signal repaints. Is that true?

Unknown said...

Dear Forex Traders Reduce unnecessary losses and increase your odds of winning with this one easy tool."Forex Trendy" Scans all currency pairs on all time frames to find the best trend for you.
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Dear Forex Traders Reduce unnecessary losses and increase your odds of winning with this one easy tool."Forex Trendy" Scans all currency pairs on all time frames to find the best trend for you.

Dear Forex Traders Reduce unnecessary losses and increase your odds of winning with this one easy tool."Forex Trendy" Scans all currency pairs on all time frames to find the best trend for you.
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Dear Forex Traders Reduce unnecessary losses and increase your odds of winning with this one easy tool."Forex Trendy" Scans all currency pairs on all time frames to find the best trend for you.

Unknown said...

Dear Forex Traders You can Get Double Earning by this Software
Dear Forex Traders You can Get Double Earning by this Software
Dear Forex Traders Reduce unnecessary losses and increase your odds of winning with this one easy tool."Forex Trendy" Scans all currency pairs on all time frames to find the best trend for you.
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Scans all currency pairs on all time frames to find the best trend for you. (CLICK HERE)
Dear Forex Traders Reduce unnecessary losses and increase your odds of winning with this one easy tool."Forex Trendy" Scans all currency pairs on all time frames to find the best trend for you.

Unknown said...

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Unknown said...
This comment has been removed by the author.
Unknown said...

It is very useful ,Thank you very much

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Unknown said...

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Saqib Khatri said...

Im no expert, but I believe you just made an excellent point. You certainly fully understand what youre speaking about, and I can truly get behind that. forex indicator

Unknown said...

In Forex market each and every indicators are trend basis because without knowing the proper trend proper trading is really impossible. I am following the trend basis indicator like moving average. Trade12 is offering the best mt4 platform which is very much user friendly and more than 250 ingredients are available.

Unknown said...

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Unknown said...

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dolly chaudhary said...

Let me explain the basic principle how most Forex systems work. They are tuned up to work in a specific market condition. They often make money in a trending

market, but loose money in a choppy market. It is not a problem as long as the market is trending and the system is making more money than it loses. Such a

system can be profitable for several months and you would be happy with it. BUT...
PREPARE FOR THE WORST...
Market change over time. A well designed system starts with trend analysis to stay away from potentially losing trades. There are two problems of how a Forex

system recognizes the trend.
PROBLEM: FALSE "STRONG TREND" INDICATION.
The system responds only to immediate price action. An explosive price movement that is usually the result of news release is tempting people to jump in and

make a profit. It looks like a "strong trend", but what usually happens next is a hard fall.
To avoid falling into this trap, check for the SOLUTION to find a REAL trend:
==> http://www.forextrendy.com?nsjjd92834
SECOND PROBLEM: TREND RELIABILITY
Most systems use various indicators to determine the trend. Actually, there is nothing bad about using indicators. One Simply Moving Average can do the job.

The problem comes with the question: "Is the market trending NOW?" Whether the market is trending or not trending is not like black and white. The correct

question is: "How well the market is trending?"
And here we have something called TREND RELIABILITY.
Trends exist and they can be traded up and down for a profit. You have to focus only on the most reliable market trends. "Forex Trendy" is a software

solution to find the BEST trending currency pairs, time frames and compute the trend reliability for each Forex chart:
==> http://www.forextrendy.com?nsjjd92834