One of the easiest ways to determine the trend in new year is to simply connect the dots. In this five minute video, I explain how you can connect the dots in any market to determine its trend. I will show you three examples of connecting the dots.
1. How to determine a downtrend.
2. How to determine an uptrend.
3. How to determine when a market is making a change of direction.
One of the key components I look for is how a market closes on a Friday or the last trading day of the week. This is when traders have to decide what they want to do with their positions. It also tells you with a high degree of probability which way the market is headed for the upcoming week. I learned this trading secret on the floor of the exchange in Chicago and it is one I would like to share with you today. I feel that this technique has a lot of validity, particularly in light of today’s volatile markets.
Enjoy the video.
http://www.ino.com/info/269/CD3336/&dp=0&l=0&campaignid=3
Adam Hewison
President, INO.com
Co-creator, MarketClub
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- How to Consistently Conquer the Forex Markets
- Finding the Trend in Forex
- How To Use Fibonacci Retracements
- Forex Should Not be Foreign to you
- Pre-determine market highs and lows
