November 2, 2007

Trend Analysis Before Buy and Sell

Filed under: Trading Mentor, Trading Technique — tradingfives @ 9:39 am

MarketClub determines trend with a score ranking between -100 (bearish) and +100 (bullish). All buy and sell decisions start with trend analysis. The purpose of trend analysis, of course, is that you always want to trade with the trend and never away from it. The term of art for this method is Continuation Trading. There is also a case to be made for Reversal Trading, but that is a special situation where you attempting to hit the first few bars of a new trend.

You can still get a free trend analysis on almost any stock, eft, futures or forex symbol. Even if you do all your own technical analysis it’s always useful to get reliable input on trend.

After determining the direction of the trend you can also use MarketClub’s Triangle Trading technology (subscription only) to generate specific buy and sell signals. The link takes you to a video on how to apply Triangle Trading.

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