#TrendTradingStrategy One of the most powerful approaches to trading is trend trading. Here's how it works:
โ Identifying the trend โ upward (buying) or downward (selling). We use indicators:
๐น 200 EMA โ trend direction
๐น MACD โ momentum confirmation
๐น Price Action โ confirmation on the chart
โ Entry on a pullback โ entering a position after a correction to key support/resistance levels or moving averages. Don't chase the price!
โ Stop-loss โ always below the local minimum (in a bullish trend) or above the maximum (in a bearish trend). Risk management is everything for us.
โ Take-profit โ at Fibonacci levels, previous highs/lows, or trailing the price.
๐ฅ The main goal is to follow the big player, not to try to predict the reversal.
โ Identifying the trend โ upward (buying) or downward (selling). We use indicators:
๐น 200 EMA โ trend direction
๐น MACD โ momentum confirmation
๐น Price Action โ confirmation on the chart
โ Entry on a pullback โ entering a position after a correction to key support/resistance levels or moving averages. Don't chase the price!
โ Stop-loss โ always below the local minimum (in a bullish trend) or above the maximum (in a bearish trend). Risk management is everything for us.
โ Take-profit โ at Fibonacci levels, previous highs/lows, or trailing the price.
๐ฅ The main goal is to follow the big player, not to try to predict the reversal.