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Trend Trading
Trend trading is not difficult and it is a great way
to make money when trading Forex.Trends are created by Crowd behaviour and they
exist for ALL instruments on ALL timeframes and there are two types of trend.
In an Uptrend the market rises and makes a sequence
of Higher Highs (HHs) andHigher Lows (HLs).
In a Downtrend the market falls and makes a sequence
of Lower Lows (LLs) and Lower Highs (LHs).
Traders make money by identifying these trends and
then riding them by moving their Stops when a Higher High (HH) is made in an
Uptrend or a Lower Low (LL) is made in a Downtrend
In An Uptrend
a – Identify when
the previous Higher High (HH) is broken
b – Identify the
new Higher Low (HL) – Made since the previous HH
c – Move Stop Loss
to the new HL
In A Downtrend
a – Identify when
the previous Lower Low (LL) is broken
b – Identify the
new Lower High (LH) – Made since the previous LL
c – Move Stop Loss
to the new LH
The No Indicators Trading Strategy
(NITS) is
available exclusively At Forex Useful. The strategy explains Crowd behaviour
and shows you how to trade ALL trends on ANY instrument and ANY timeframe using
just Price action and No Indicators.
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