FOREX HIGH ACCURACY - TREND TRADING + SCANNER MT 4

(1) Trend changes
A trend change occurs when the market changes direction. Trend changes are displayed on the chart as colored circles with the number one inside. Blue (1) signals the start of an uptrend, while red (1) signals the start of a downtrend. Trend changes are not the result of assessing recent price action, which means the trade setup is out of time. If you use this indicator correctly, by the time a trend change occurs, you will already be in the market.
(2) Pullbacks
Once a trend is in motion, the market fluctuates up and down as winning hands make profits and other market participants enter the market. A pullback is a pullback during a trend that is a good buying opportunity, usually caused by big players taking profits and selling their shares. If the market resumes growth after a pullback, the indicator will display orange (2) on the chart. Pullbacks are very good trading opportunities, but they may not be available during very strong trends.
(3) Breakouts of inside bar(s)
An inside bar is a bar (or series of bars) that is completely within the range of the previous bar, known as the mother bar. The breakout of an inside bar (or bars) represents the most profitable trade setup during established trends because the risk to reward ratio is extremely high: it is a high probability entry point that provides traders with a good risk reward ratio as it usually requires smaller stop losses than other settings. The indicator will display (3) when an inside bar (or bars) has been broken out, and this is a great opportunity to jump into a trend or pyramid your positions safely.
(---) Corrections or reversals
A correction is a liquidation of a stock that is strong enough to cause a pullback if the market resumes movement, or a change in trend if the price correction hits the trendline. Every pullback and trend change is always and in all cases preceded by a correction. The indicator displays a colored dash when a correction is detected, a red dash (---) for a bearish correction during an uptrend, and a blue dash (---) for a bullish correction during a downtrend.
Retracements are excellent trading opportunities, giving you the opportunity to trade against the prevailing trend before it actually reverses. Also, the risk to reward ratio is huge because the initial stop loss can be quite tight. However, it is extremely important to make sure that the trend is weak before entering a trade. You must trade corrections that are confirmed by one or more of the following:
Oscillator divergence confirms correction
There is a "double top" or "double bottom" pattern.
There is a head and shoulders pattern.
Keep in mind that the market doesn't just reverse: every trend moves to exhaustion and only then reverses. The key is to confirm trend exhaustion before the market reverses and use the corrective signal to enter the market ahead of the crowd. After a while of using the trend trading indicator, you will easily notice exhaustion.