How To Identify The Direction Of The Trend

Trading with the trend is trading with the flow.
When the prevailing trend is up, why would you want to look for short entries when buying might result in much smoother trades?
Many amateur traders, even when facing a very obvious trend can’t stop trying to predict reversals and burn their fingers going counter-trend, whereas they could have made so much more money by simply joining the trend.
But even if you are not a trend-following trader, you can combine the concept of trading with the trend and with momentum with your regular trading approach. Knowing where the price is going and which side of the market is stronger is an important trading skill.
To be able to correctly read price action, trends and trend direction, we will now introduce the most effective ways to analyze a chart.
Intro: The different market phases
Before we learn how to identify the trend, we should first be clear what we are looking for.
It may sound too simplistic first, but stick with me for now and you will soon see the power of this analysis approach.
Markets can do one of three things: go up, go down, or move sideways.
Of course, how fast (or how slow) and how long the individual periods last changes all the time, but the price can only do one of those three things.
* no investment advice - informational and entertainment purposes only *
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#forex #trading #technicalanalysis

[@Tradeciety]

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[@luc9336]

Thank you for this great video. Very useful !

[@sushilkumarjain6126]

What a deep knowledge you have! Thanks a lot for helping retail traders who are mostly trapped by the stock market. May God bless you.

[@DesertSoldier_ii]

You. You can really teach man

[@sidgalvankar6735]

WONDERFUL.. VERY NICELY EXPLAINED .. IT ALL BECAME EASY FOR ME SUDDENLY.. GOD BLESS U

[@aldo45ish]

Excellent presentation, would you use all the tools that you have describe and incorporate this example as a total " trading startegy"?

[@rondelloneale6601]

Is Market Analysis done before the market opens or after to accommodate gaps?

[@sastianp]

Everything is so simple in retrospective...

[@muhammedasifiqbal2272]

Wonderful Thanks dear

[@loudoniii]

All makes perfect sense. Again, as part of an overall top-down strategic approach to planning one’s trades. Excellent, Rolf!

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[@WijthaGayan]

thank you sir

[@mohapatragatikrushnasahoo1527]

nice video sir ji.thnx

[@tonycampbell9626]

Where would yo place a stop loss on both the up and down trend?

[@janbawaingade303]

Thanks

[@FawadZakai]

How'd I know when a trending trade is about to end sir?

[@sk52000]

Either look for previous support or resistance, or else wait for some candle stick formation to take place.

[@aliejaz581]

Very nice video . But i dont like indicators moving average is good but any anyother or too much late signal

[@princemassi3472]

Nyc video...n plz make a video for Intraday peopl wd 30 min time frame...Tell us how to study th chart n how to take trade on 30 min time frame...best of luck bro.

[@JustinMcNabbIreland]

You should be looking at multiple time frames, to just focus on one can be dangerous. You can use the lower time frames for entries. What looks like support and resistance on a 30 min may not be the sup/res on a higher time frame. This is the danger

[@ngwarobbert8147]

what are saying bro, thanks for the efforts

[@hugearmageddon5476]

queremos rock, que raw, lazo, at o y sello, ea >>

[@theforexscalper2898]

yes amazing cheak mine to

[@burunghantu119]

what the...this is easy to understnd

[@AzriRich28]

Sell