How to correctly identify the trend

April 18, 2006 by Trader Rich 

There's an article on Trading Markets written by Dave Floyd titled, "How to Correctly Identify the Trend."

The article shows 3 examples where by just looking at the chart without any indicators, one can mistakenly identify the wrong trend direction.  Add a moving average and identify the slope to determine whether to buy or sell on pullbacks or buy or sell on rallies.

This article is recommended and is short and simple.

How to correctly identify the trend

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Comments

One Response to “How to correctly identify the trend”

  1. Tim on September 15th, 2006 6:56 pm

    Thanks for the leason of the day!
    LoL:laugh:

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