Simple Trend Following Strategy
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My simple trend following strategy rules are rules you can use to determine the trend and determine when we have a possible trend reversal.
You will also learn the trend following rules I follow to decide when it’s good to trade trend following strategies.
What is a trend?
An uptrend in trading is when the market cycles up making higher highs and higher lows. A downtrend is when the market cycles down with lower highs and lower lows.
What is a trend following strategy?
A trend following strategy is based on the technical analysis of market cycles and tend to move upwards or downwards over time. A trend trader buys in cycle lows and sells in cycle highs or (for a downtrend) short in cycle highs and cover in cycle lows.
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