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Answer Upon - How To Successfully Trade The Trend
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Now as an added help I use a ruler or any straight edge and place it on t
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Apart from “Gap Trading,” (see previous article) I also use “Trend Trading.” Here is an explanation of what this is:-
An easy way of seeing a “Trend” is firstly looking at a monthly chart and observing which way the stock price is going. (This is called using the “mark one eyeball test”)
This is a cheap way of seeing what the stock is doing right now and does not involve any fancy, expensive computer software. Just your own two eyes.
It takes a couple of seconds to work it out as there are only three directions a stock can go. Upwards, downwards and sideways or a combination of all three.
Now as an added help I use a ruler or any straight edge and place it on th
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An easy way of seeing a “Trend” is firstly looking at a monthly chart and observing which way the stock price is going. (This is called using the “mark one eyeball test”)
This is a cheap way of seeing what the stock is doing right now and does not involve any fancy, expensive computer software. Just your own two eyes.
It takes a couple of seconds to work it out as there are only three directions a stock can go. Upwards, downwards and sideways or a combination of all three.
Now as an added help I use a ruler or any straight edge and place it on t
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This is a cheap way of seeing what the stock is doing right now and does not involve any fancy, expensive computer software. Just your own two eyes.
It takes a couple of seconds to work it out as there are only three directions a stock can go. Upwards, downwards and sideways or a combination of all three.
Now as an added help I use a ruler or any straight edge and place it on t
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It takes a couple of seconds to work it out as there are only three directions a stock can go. Upwards, downwards and sideways or a combination of all three.
Now as an added help I use a ruler or any straight edge and place it on t
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Now as an added help I use a ruler or any straight edge and place it on the chart/monitor screen or you can print it off. Whichever suits you best?
What I am looking for is called a “Support line.” This can be found where the “bottom” finishing prices of the end of day’s trading are progressively higher than the day before.
You are looking for at least three points that you can put that straight edge against to confirm what your eyes have already shown you. That the stock is going upwards and is bouncing upwards off this support line.
Now you have found the “Support line” you now want to find a “Resistance Line.”
This is found
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