oussama94
05-28-2017, 00:59
In a downtrend, we look for two consecutive
lower lows and lower highs, with a third lower
low confirming the downtrend. Start by checking
for a trend on a shorter time frame, and once
you identify it, run the same check on a longer
timeframe. For example, if you confirm a trend
on the 30 minute chart, look at the 4 hour chart
and also confirm it there. If you get confirmation,
go back to the first time frame and look for a
good entry point. Remember, the trend is your
friend, meaning it is less risky to trade in the
same direction as the trend than to go against it.
For this reason, if you identify an uptrend it is
safer to buy, and if you find a downtrend, it is
safer to sell.
lower lows and lower highs, with a third lower
low confirming the downtrend. Start by checking
for a trend on a shorter time frame, and once
you identify it, run the same check on a longer
timeframe. For example, if you confirm a trend
on the 30 minute chart, look at the 4 hour chart
and also confirm it there. If you get confirmation,
go back to the first time frame and look for a
good entry point. Remember, the trend is your
friend, meaning it is less risky to trade in the
same direction as the trend than to go against it.
For this reason, if you identify an uptrend it is
safer to buy, and if you find a downtrend, it is
safer to sell.