In just one minute, Adam will share a simple technique to keep the "odds in your favor". It's what he and co-founder Dave Maher have built MarketClub to help you do.
Click here to see what this strategy is and share your tips with our other readers in the comments section.
Best,
Adam and The MarketClub Team
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Thanks Adam,
As short as that lesson was the point of it is so important when considering one of the sure ways to of protecting one's capital. While there are those experienced traders who know how to countertrend effectively, I feel less stress about entering with the trend.
Regards,
Johnny
It may seem obvious but identifying a trend is partly in the eye of the beholder: Day, Week, Monthly or going the other way 60 minute, 15 minutes, and shorter.
One person's trend is another person's volatility.
Also,some people identify a trend by looking at the AROON and I suppose some prefer to use a momentum oscillator like the RSI.
I think the best way to identify a trend is to go straight to the MOVING AVERAGES- the most basic measurement of stock performance.
I like to bundle and display a set of shorter averages (3, 5, 7, 9, 11) and another bundle of longer averages (21, 28 up to 50) and then throw in the 100 and 200 separately for reference.
I color each bundle. I use green for the short bundle (and I also vary the shades of the constituent averages which reveals if the averages that compose a bundle are inverted) and red for the intermediate bundle.
That's all. I prefer to display the closing price as a line for these trend identifier charts rather than clutter the bundles with candlesticks (although you can lower the opacity if you insist).
What the bundles show, whether you are looking at a 60 minute or a Monthly chart is where prices are coming from and where they are going.
Voila! (if it exists)
La Trend.
So look for the weekly triangles and follow the trends? Right?
John,
This is going to seem like a long post, but it's quite simple. Below is a list of securities and the two set of "Trade Triangles" that we would look at for each one. This is only our suggested method you could look at a different time frame if you feel it would better fit your needs.
Equities
Monthly Triangles determine trend and possible entry points.
Weekly Triangles determine timing: exits, entries and re-entries.
The last triangle issued on the monthly chart should always be used to identify the overall trend. You can also use the monthly triangle as a potential entry point if you can get into the market within the last 3 trading days of the signal. Then you are to look at the weekly triangles for possible exit and re-entry points, or entry points if your monthly is in a steady trend.
Key Rule: always trade with the trend. Make sure your weekly and monthly triangles correspond in direction.
*If you are a shorter term trader, it is possible to use the weekly triangles to determine overall trend and possible entry points and the daily chart to determine individual timing points. Please be aware of the short term whipsaws, and lack of overall trend strength.
—
Futures
Weekly Triangles determine trend and possible entry points.
Daily Triangles determine timing: exits, entries and re-entries.
The last triangle issued on the weekly chart should always be used to identify the overall trend. You can also use the weekly triangle as a potential entry point if you can get into the market within the last 3 trading days of the signal. Then you are to look at the daily triangles for possible exit and re-entry points, or entry points if your weekly is in a steady trend.
Key Rule: always trade with the trend. Make sure your weekly and daily triangles correspond in direction.
—
Forex
Weekly Triangles determine trend and possible entry points.
Daily Triangles determine timing: exits, entries and re-entries.
The last triangle issued on the weekly chart should always be used to identify the overall trend. You can also use the weekly triangle as a potential entry point if you can get into the market within the last 3 trading days of the signal. Then you are to look at the daily triangles for possible exit and re-entry points, or entry points if your weekly is in a steady trend.
Key Rule: always trade with the trend. Make sure your weekly and daily triangles correspond in direction.
—
ETFs
Monthly Triangles determine trend and possible entry points.
Weekly Triangles determine timing : exits, entries and re-entries.
The last triangle issued on the monthly chart should always be used to identify the overall trend. You can also use the monthly triangle as a potential entry point if you can get into the market within the last 3 trading days of the signal. Then you are to look at the weekly triangles for possible exit and re-entry points, or entry points if your monthly is in a steady trend.
Key Rule: always trade with the trend. Make sure your weekly and monthly triangles correspond in direction.
*If you are a shorter term trader, it is possible to use the weekly triangles to determine overall trend and possible entry point and the daily chart to determine individual timing points. Please be aware of the short term whipsaws, and lack of overall trend strength.
—
Mutual Funds
Monthly Triangles determine trend and possible entry points.
Weekly Triangles determine timing : exits, entries and re-entries.
The last triangle issued on the monthly chart should always be used to identify the overall trend. You can also use the monthly triangle as a potential entry point if you can get into the market within the last 3 trading days of the signal. Then you are to look at the weekly triangles for possible exit and re-entry points, or entry points if your monthly is in a steady trend.
Key Rule: always trade with the trend. Make sure your weekly and monthly triangles correspond in direction.
*If you are a longer term trader, it is possible to use just the monthly triangles to determine position direction.
—
Indices
Monthly Triangles determine trend and possible entry points.
Weekly Triangles determine timing : exits, entries and re-entries.
The last triangle issued on the weekly chart should always be used to identify the overall trend. You can also use the weekly triangle as a potential entry point if you can get into the market within the last 3 trading days of the signal. Then you are to look at the daily triangles for possible exit and re-entry points, or entry points if your weekly is in a steady trend.
Key Rule: always trade with the trend. Make sure your monthly and weekly triangles correspond in direction.
—
Options
We do not offer a suggested method for trading options. We have many traders that use MarketClub’s tools to make decisions regarding position direction and trend strength, however we do not have a suggested methodology to pass to our users.
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Best Wishes,
Lindsay Thompson
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INO.com & MarketClub
Agree... the general Trend is your Friend...