How to identify a trend where to take profit?

[ADUNBS FX]

Originally Posted by scorpion

Support and resistance lines are the best so far to identify new trend and its direction. When price breaks out through the lines, it is likely that a new trend is born. You can draw S/R lines manually, and you can even have ones drawn automatically by Super S/R indicator (download from Indicators forum).

There're many ways to profitable exits. One is to exit after x hours/mins. Another is a take profit order of x pips. Ideally you'd want to exit right when the price is reversing. Look for a new trend that could go against your position and close it right away.

Your thought are very good
I also agree with you that support and resistance levels has certain power. And their false or true brakouts can show any trend. Also I liked about exits

[fxtrendline]

I'm follower of Dow theory...Just looking for lower top or higher bottom then entry ...pairing with good indicator can make u lot of pips ...from the beggining of stock till nowadays the theory still can be used ...the key is can u recognize the pattern and entry before all happened...that's why we need a good indicator to support the theory

[ADUNBS FX]

Originally Posted by fxtrendline

I'm follower of Dow theory...Just looking for lower top or higher bottom then entry ...pairing with good indicator can make u lot of pips ...from the beggining of stock till nowadays the theory still can be used ...the key is can u recognize the pattern and entry before all happened...that's why we need a good indicator to support the theory

Hello let's speak like this, I showed examples that Dow theory have usually lots of false coz not usually next low is higher that before low, that means that in theory there is some not discovered things there is no writte that it could happens in some circumstances?
That's why I show examples. Show me please chart with indicator which gave you entry signal please.

[Exel]

Originally Posted by ADUNBS FX

Your thought are very good
I also agree with you that support and resistance levels has certain power. And their false or true brakouts can show any trend. Also I liked about exits

And what is the secret of the trading system of Masterforex-v? Does he teach you to work at the minor timeframes?

[ADUNBS FX]

Originally Posted by Exel

And what is the secret of the trading system of Masterforex-v? Does he teach you to work at the minor timeframes?

Dear traders, you’ve become so lazy, that you don’t want to read more than 1 page!
Read here: http://masterforex-v.su/book2.htm