Price Action Trading Module 3 continues

LESSON: Defining an Existing Trend
The way to define a trend and which side of the market we want to trade on is super important. When looking to define a trend, most traders will pull out all sorts of indicators and junk, this is not necessary.

When you are looking at your chart, simply look at it from left to right. If the price is going up from left to right you have an uptrend. If it is going down you have a down trend.

Chart Example of an Uptrend

Chart example of an obvious downtrend

There are exceptions to the rule; however identifying trends is not solid rules based method. Identifying trends and learning to trade within the trend comes from practice and watching markets and how they behave.

We don’t need ema’s or any other indicator, all we need is a raw chart and Price Action.

The basic idea to trading with the trend is to be trading with the overall market bias in your favor and not against you. When trying to get into a trade, in a trending market, we can’t just jump aboard from anywhere and hope for the best.

We must identify key areas that give us our best chance for success.

Why Do Trends Start and Continue? (And Where to Enter them)

Module Three

Duration: 15 mins

Module Progress:

30% Complete
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