Bluesky8635 replies to: Trend trading

Disliked

{image} Staying with trend means following the swings. If price is rising the swings will be rising so we only want long trades, when price falls with swings making higher highs and higher lows it is retracing offering an opportunity to enter long or increase ones position. Stops are always the previous swing low as we do not expect them to be crossed by price. Alternatively if the swings are falling, lower highs and lower lows then we only want short trades, prices rising when the swings are falling means it is retracing and an opportunity to enter…

Leave a Reply

Your email address will not be published. Required fields are marked *