How To Easily Identify The Strength of a Market Trend ($AOL, $AKAM)Print This Article
Aug 29, 2012
In this video, we briefly demonstrate how to identify the strength of a market trend based on assessing the direction and patterns of three different moving averages (common technical analysis indicators). This constitutes one element of our clearly defined trend qualifying rules that is part of our swing trading system. Press the “play” button to watch the short 3-minute video below (view full screen in HD mode for best quality):
Although the video explains the initial steps of identifying market trends, there are many more “trend qualifying” rules and filters used in our winning trading system. If you would like to learn more about the detailed rules of our swing trading methodology, we strongly recommend viewing our FREE “Buy Setups” video, which is 40 minutes of extremely valuable and detailed educational material for active traders. The free video can be found by jumping to our Swing Trading Course page and then clicking the link on that page that says “Class 104 – Trade Setups (when to buy).”
What do you other traders think? Do you also use multiple moving average confirmation when identifying trends?