How to find the Trend Direction – 10 tips and tools

Picture of Rolf Rolf Oct 21, 2021 4:32:50 AM

Price Action How To

The old saying ‘the trend is your friend’ describes one of the most important concepts a trader has to follow in order to realize great trades.

Trading with the trend results in trades that play out faster and may provide a much larger reward:risk ratio.

Trading against the trend is not a good idea because the price will struggle and you can’t expect the price to move that much.

In this video, I give you 10 tips and tools that will help you identify the trend direction the right way.

 

5 min read

How to Trade the Trendline Channel

Rolf: Oct 14, 2024 9:01:06 AM

Trendline channel patterns are a staple in technical analysis, helping traders to identify potential trade opportunities by charting trends within...

Patterns
Read More
Position size in trading

6 min read

Control Your Risk With Professional Position Sizing

Rolf: Oct 4, 2024 5:45:00 AM

Position sizing is a critical aspect of trading that determines how much capital to allocate to a given trade. Whether you are trading stocks, forex,...

Money
Read More
VWAP trading indicator

4 min read

The VWAP Indicator in Trading: A Comprehensive Guide

Rolf: Sep 26, 2024 4:52:30 AM

Among the many available indicators, the VWAP indicator—or Volume Weighted Average Price—is particularly popular for day trading. By analyzing price...

Indicators
Read More