Overview
We will cover two different but close areas that all successful traders have mastered:
Section 1 – Trends
- The “buy and hold” strategy is dead today. Do market trends exist?
- The common approach in all trend following systems
- True story: a simple trading system that made a fortune for one famous trader and his investors
- One “trick” that will make the difference between losing (or breaking– even) and winning
- The common mistake: seemingly “strong uptrend” is followed by a hard fall
- How to identify the real trend using pure price action
- Which trend is more reliable and how to compute the trend reliability
- Another common mistake: Stop Loss not reflecting the current market volatility
- Which markets to avoid and how reliable trends increase success rate
Section 2 – Patterns
- The guidelines to drawing good trend lines. Breaking through a strong trend line results in a massive and profitable move.
- Several examples of good and bad trend lines and the common mistakes
- “Time bombs” constructed by trend lines
- The definite strategy to enter an order, place your Stop Loss and taking a profit
- Using the “Projection Method” to determine the “Take Profit” Point
- Intelligent software that can recognize strong trend lines and chart patterns
