Trade With the Trend-

Apr 17, 2012
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If you trade with this one rule alone, you'll save yourself a lot of money and heart ache!

The trend is your friend. Don't overcomplicate it. It works on every time frame as the principle remains the same. First, choose the time frame you want to trade, then follow these rules and you'll be fine.

There are several things to take into consideration when determining whether a trend is about to end or has ended: (assuming trend was an up trend)

1. Is price still above the supporting major trend line.
2. Price has stayed above previous major low (higher highs and higher lows).
3. Up waves are longer and stronger than the down waves.
;)