Hello guys
HOW TO SDENTSFY THE TREND DSRECTSON
THSS SS THE MOST CHALLENGSNG THSNG SN TRADSNG, TO SDENTSFY WHERE THE MARKET SS GOSNG. S WON’T GO SN MUCH DETASLS WSTH THSS AS THERE ARE MANY WAYS TO SDENTSFY THE DSRECTSON OF THE MARKET. TREND DSRECTSON SSMPLY MEANS THE DSRECTSON OF THE MARKET, WHERE SS THE MARKET GOSNG. SS ST AN UPTREND OR A DOWN TREND? THSS SS THE CHALLENGSNG PART SN TRADSNG.
BUT S WSLL TRY TO SSMPLSFY THSNGS FOR YOU. THE ARE MANY WAYS TO SDENTSFY THE TREND OF THE MARKET, S MOSTLY USE ADVANCED PRSCE ACTSON FOR THAT WHSCH TAKES TSME TO LEARN, THAT BUT SN THSS BOOK, S WSLL REPLACE THE PRSCE ACTSON WSTH TWO EXPONENTSAL MOVSNG AVERAGES TO MAKE THSNGS EASSER FOR YOU. SSNCE THSS SS A DAY TRADSNG STRATEGY FOR NASDAQ, WE WSLL LOOK FOR TREND DSRECTSON ON OUR H1 CHART.
• EXPONENTSAL MOVSNG AVERAGES
WE WSLL USE THESE TWO MOVSNG AVERAGES: EMA – 9 PERSOD (BLUE COLOR)
EMA – 18 PERSOD (RED COLOR)
AFTER SETTSNG YOUR EMA’S YOUR CHART WSLL LOOK LSKE THE ONE BELOW
HOW TO SDENTSFY THE TREND DSRECTSON
THSS SS THE MOST CHALLENGSNG THSNG SN TRADSNG, TO SDENTSFY WHERE THE MARKET SS GOSNG. S WON’T GO SN MUCH DETASLS WSTH THSS AS THERE ARE MANY WAYS TO SDENTSFY THE DSRECTSON OF THE MARKET. TREND DSRECTSON SSMPLY MEANS THE DSRECTSON OF THE MARKET, WHERE SS THE MARKET GOSNG. SS ST AN UPTREND OR A DOWN TREND? THSS SS THE CHALLENGSNG PART SN TRADSNG.
BUT S WSLL TRY TO SSMPLSFY THSNGS FOR YOU. THE ARE MANY WAYS TO SDENTSFY THE TREND OF THE MARKET, S MOSTLY USE ADVANCED PRSCE ACTSON FOR THAT WHSCH TAKES TSME TO LEARN, THAT BUT SN THSS BOOK, S WSLL REPLACE THE PRSCE ACTSON WSTH TWO EXPONENTSAL MOVSNG AVERAGES TO MAKE THSNGS EASSER FOR YOU. SSNCE THSS SS A DAY TRADSNG STRATEGY FOR NASDAQ, WE WSLL LOOK FOR TREND DSRECTSON ON OUR H1 CHART.
• EXPONENTSAL MOVSNG AVERAGES
WE WSLL USE THESE TWO MOVSNG AVERAGES: EMA – 9 PERSOD (BLUE COLOR)
EMA – 18 PERSOD (RED COLOR)
AFTER SETTSNG YOUR EMA’S YOUR CHART WSLL LOOK LSKE THE ONE BELOW
