How Do You Know When a Trend is Starting? - When Does a Trend Start?
Steps to Identify a Beginning Trend - How to Identify Starting Trends in Forex Trading with Examples
How Do I Know When a Up Trend is Starting - When Does an Upward Trend Start?
Course Tutorial: How Do I Know When a Up Trend is Starting - When Does a Upward Trend Start
Example of How Do I Know When a Up Trend is Starting - When Does a Upward Trend Start?
Examples of How Do I Know When a Downward Trend is Starting - When Does a Downward Trend Start?
Course Tutorial: How Do I Know When a Downward Trend is Starting - When Does a Downwards Trend Start
Example of How Do I Know When a Downwards Trend is Starting - When Does a Downwards Trend Start
The trend is your best friend. Is a popular saying among traders because you never should go contra to the trend when trading forex. This is most reliable method to trade because once prices start to move in one specific direction they can move in that direction for quite some time - therefore using this trend technique presents opportunity to make profits from the trading market.
Guidelines of How Do You Draw Trend-Lines
Use candlestick charts to draw trendlines
- The areas used to plot the trend line - up-ward trendline are along the lows of the price bars in a bullish trading market. An upwards bullish trend is defined by higher highs and higher lows.
- The points used to draw the trend line - downward trend line are along the highs of the price bars in a bearish trading market. A down-wards bearish trend is defined by lower highs and lower lows.
- The points used to plot the trend lines are extremes points - the high or the low price. These extreme price areas are critical because a price close beyond these extremes tells traders the trend of currency pair might be changing. This is an entry or an exit signal.
- more often a trend-line is hit but it is not broken, more powerful its trend signal.
