Trading Price 2: Trend movements

Question 1

Trend can depend on…

Answer 1

what time frame

Question 2

Impulse move of a trend

Answer 2

Dominant move that the price is going gives us the most amount of profit potential in trades we take want to BUY as EARLY as possible in impulse move and SELL as LATE in impulse move

Question 3

Correction

Answer 3

Counter trend move Want to buy as LATE in the correction as we can

Question 4

Uptrend Rules When does an uptrend Begin?

Answer 4

LH (lower high) will be influential An UPTREND officially begins when you have a HH and a HL -candle has to CLOSE ABOVE (wicks don’t count) the previous LH Wait till officially uptrend, then wait for pullback to BUY at DEMAND zones

Question 5

Uptrend Rules When does an uptrend End?

Answer 5

HL (Higher Low) will be influential An UPTREND officially ENDS when you have a LL -candle has to CLOSE BELOW (wicks don’t count)the previous HL

Question 6

Price Shock

Answer 6

When the Correction is as big as a Impulse move Indicates that the trend is getting weaker warning that price is about to change - most cases, after price shock, will have small move

Question 7

Downtrend Rules When does a DOWNTREND Begin?

Answer 7

HL will be influential A DOWNTREND officially begins when you have a LL and a LH -candle has to CLOSE BELOW (wicks don’t count)the previous HL Wait till officially DOWNTREND, then wait for pullup to BUY at SUPPLY zones

Question 8

Downtrend Rules When does a DOWNTREND End?

Answer 8

LH will be influential A DOWNTREND officially ENDS when you have a HH -candle has to CLOSE ABOVE (wicks don’t count)the previous LH

Question 9

Sideways Rules When does a SIDWAYS Trend begin?

Answer 9

• can have a TALL or NARROW sideways market on a downtrend, when Impulse move fails to CLOSE below (wicks don’t count)previous pivot move, and the correction does not CLOSE above (wicks don’t count) previous pivot move, then you are OFFICIALLY going sideways.

Question 10

Sideways Rules When does a SIDWAYS Trend end?

Answer 10

• can have a TALL or NARROW sideways market Ends when sideways move CLOSE above (wicks don’t count)or below sideways ranges. Usually goes 3-5 times, then they break out. Won’t go 10 times or over If in Demand/supply zone, can short/long because is not on a counter trend

Question 11

LH/LL rule

Answer 11

Don’t OFFICIALLy get a LH until you get a LL Same with getting HL until get a HH

Question 12

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