What is a TREND?
Tuesday, February 23rd, 2010 at
5:55 PM
I believe that the market has 3 phases. Conjested – RangeBound – and Trending. For me a trend begins when price moves outside of a previous RangeBound or Conjested area. It may move 100 pips in a nice trend, or 100 pips in just a few minutes, or it can, of course, move just a few pips and do the whole thing over. Here’s a chart to explain.
BTW I do of course also use moving averages but only AFTER a b
- CLICK to Enlarge Trend Starting
reak-out as described.
Tagged with: Currency Trading • FiveTicTrading • Forex Trading • Fx Trading • How To Day Trade • How To Trade Forex • Learn Forex Trading
Filed under: Trading-Technical-Issues
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Just CLICK on the image and it should fill the screen
I can’t read the chart presented. It is too small.