If "the trend is your friend," what happens when there is no trend? This is more than just a rhetorical question, since markets tend to move sideways much more frequently than they trend. For example, currency markets are particularly well known for long-term trends, which are in turn caused by long-term macro-economic trends, such as interest rate tightening or easing cycles. But even in currency markets, historical analysis reveals that trending periods only account for about 1/3 of price action over time, meaning that about two-thirds of the time there is no trend to catch.
Learning to determine which technical indicators to use in identifying trends and accurately using charts is crucial. This article helps Discover which tools work best with your method and how to implement them effectively in your trade strategy. Brian Dolan helps answer the question, "Are you a one size fits all trader, using the same indicators no matter the situation" Learn how to avoid such trading pitfalls as you read this informative article ... download the eBook to read more
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