In this video we take a look at a trend continuation trading strategy. I explain my approach to trading how I identify a trend and what I look for for high probability trade opportunities. As always the information is for educational purposes only and not to be construed as financial advice.
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A solid trading plan is your foundation and key to success as a trader. Today, I'll break down a potent trend continuation strategy that capitalizes on established market momentum. We'll focus on pinpointing trend direction, then validating prime entries using price swing analysis. Specifically, in a bullish scenario, we hunt for those uninterrupted higher highs and higher lows. If they're present, the Fibonacci retracement tool gives us our edge – the 61.8% level is a sweet spot for entry. Now, if that bullish trend falters (think lower highs and lower lows), we stand down. It's better to wait for the next swing high/low pattern to form, signaling an opportunity to ride the continuation. If the trend reverses, we look for the same in the opposite direction. Remember, this is for educational purposes only and not financial advice.
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Here is the follow up to the video above. Every Trading Plan MUST have A Sound Risk Management Strategy In Place. Here's how to avoid the biggest mistake I made in my trading career!
@abdounkir536, Thanks for the coins, much appreciated
jeff_kingsley
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As a newer trader, I sincerely appreciate you taking the time to share this. It’s been hard to find details like this without having to pay someone you may or may not trust to deliver something of value! Thank you for taking the time!
tradingwithanthony
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@jeff_kingsley, You're welcome, I'm glad you found some value in the video.
onchainanalysis
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Great way to show the benefits of a fundamental approach to trading and strategy with core principles that are easily incorporated. Importantly, for many US investors, the bull market and bull trends are the only markets providing opportunity for risk adjusted returns. In your next analysis, consider presenting how new investors might access currency trading (stable short trend trading) or the tools investors can utilize for shorting assets such as stocks and cryptocurrencies marked by distinct cyclical trends and measurable technical patterns. The combination of which would greatly enhance returns with this strategy both in bull and bear cycles. Thank you for taking the time to make this video. Cheers!
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