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2. In identifying new trend
when a candle breaks *above* the band and the band expands, it means that it is time to buy as it forms a new trend, when a candle breaks *below* the band and the band expands, it means that it is time to sell as it forms a new trend.
The diagram above shows a downtrend after a break below

If you had entered at the break you would have caught some pips
Now remember,there are two main ways to trade breakouts: the aggressive way and the safe
way.
The Safe way; it involves after a break, you wait for a retest.
The aggressive way; it involves placing a trade as soon as a breakout occurs.
TriscoTech Studio pinned «Here are list of some major and popular indicators you can work with, I’ll be explaining them one after the other and also telling you how you can trade with them 1. Moving average[EMA (Exponential moving average) and SMA(simple moving average)] 2. RSI(Relative…»
Parabolic SAR
Unlike other Indicators, parabolic SAR is used to trend stop and reversal points
One indicator that can help us determine where a trend might be ending is the Parabolic SAR (Stop And
Reversal). A Parabolic SAR places dots, or points, on a chart that indicate potential reversals in price movement.

How it works/ How to trade with parabolic SAR
When the dots are below a candle, it indicates that a down is ending and an Uptrend is to follow , and when the dots are above a candle, it indicates that an uptrend is coming to an end and a downtrend is to follow.
So how then do you trade with the parabolic sar, it’s easy

When the dots are below a candle buy, and
When it’s above, sell
Stochastic
The Stochastic is another indicator that helps us determine where a trend might be ending.

By definition, a Stochastic is an oscillator that measures overbought and oversold conditions in the market.
How to Trade Using the Stochastic
scaled from 0 to 100.
It’s similar to the RSI
When the Stochastic lines are above 80 (the red dotted line), it means the market is
overbought.
When the Stochastic lines are below 20 (the blue dotted line), then it means that the market is oversold.
Just like the RSI, we buy when the market is oversold,
and we sell when the market is overbought.
Certainly! Here's a summary of the examples for Buy and Sell Stop and Limit orders:

Buy Limit Order: A Buy Limit Order is used when you want to buy a currency pair at a specific price that is below the current market price.
Example: If the current market price of a currency pair is 1.2500, and you want to buy it at 1.2400, you would place a Buy Limit Order at 1.2400. If the market price reaches or falls below 1.2400, the Buy Limit Order will be triggered, and the trade will be executed at the specified price or better.

Sell Limit Order: A Sell Limit Order is used when you want to sell a currency pair at a specific price that is above the current market price.
Example: If the current market price of a currency pair is 1.2500, and you want to sell it at 1.2600, you would place a Sell Limit Order at 1.2600. If the market price reaches or exceeds 1.2600, the Sell Limit Order will be triggered, and the trade will be executed at the specified price or better.



Buy Stop Order: A Buy Stop Order is used when you want to buy a currency pair at a specific price that is above the current market price.
Example: If the current market price of a currency pair is 1.2500, and you want to buy it at 1.2600, you would place a Buy Stop Order at 1.2600. If the market price reaches or exceeds 1.2600, the Buy Stop Order will be triggered, and the trade will be executed at the specified price or better.

Sell Stop Order: A Sell Stop Order is used when you want to sell a currency pair at a specific price that is below the current market price.
Example: If the current market price of a currency pair is 1.2500, and you want to sell it at 1.2400, you would place a Sell Stop Order at 1.2400. If the market price reaches or falls below 1.2400, the Sell Stop Order will be triggered, and the trade will be executed at the specified price or better.

Remember, these examples are based on the assumption that the orders are triggered and the specified prices are reached. However, it's important to note that there is no guarantee of execution, as market conditions can impact order fills.
TriscoTech Studio pinned «Certainly! Here's a summary of the examples for Buy and Sell Stop and Limit orders: Buy Limit Order: A Buy Limit Order is used when you want to buy a currency pair at a specific price that is below the current market price. Example: If the current market…»
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