Trading With The Trend

The Trend Is Really Your Friend

Everyone who has really traded has heard the dictum 'the trend is your friend'.
You have always been advised to trade with the trend and it is sound advice.

In this blog,I have shown how you can make money with an overextended market. When you look at it, this is what the 144 MA technique is.

You really have to be careful when you trade against the trend. If the trade stalls, get out and re-assess the market.

The last trade posted here was such a trade. I cut my losses after seeing that what should have happened had not in a healthy time frame.

So how do you trade with the trend? You need an indicator that shows you that. You also need a timing indicator to get in at the right time.

If you have been reading this blog, you would have seen that I am partial to the 30 minute chart. I trade the 30 minute chart because I feel that it is a long enough time frame to weed out market twitches.

When I see a trade setup in this time frame, I can fell that I will not be whipsawed.
This leads to confidence and I can stay with the trade when it is in a lull or my profit target has not been met.

So again,how do you determine the trend? As has been said, you need an indicator that can reliably show you the trend. This in my opinion should be a moving average.

You also need a timing indicator, which in this case should be an oscillator.

To then make the trend your friend, you need to determing what settings will work for both the moving average and the oscillator.

If you have bought the my ebook, you will know these settings. I will begin to post trades here that follow the trend.

Stay tuned..........

To learn these powerful settings, go to HERE