Trend trading is trading support and resistance

NASDAQ:MSFT   Microsoft Corp
I wanted to point out that trend trading is trading support and resistance . What do i mean by that?
the first thing i want to point out is you need to spot out support and resistance before you place a trade on the long or short side.

Did price close above a key level? did momentum break out with it? if the answer is yes then there is a strong indication to the market going higher of off a break out.

For instance, 2 moving averages crossed indicating that the market gave a cross to the upside ot the down side depending which moving average crossed above the other one. in the chart above the 9 moving average crossed above the 26. Along with the cross above the cloud, Now just because it crossed does not mean you should take the trade, is there resistance above the cross? in this case yes there was.

I REPEAT i do not take trades before a close above a key level ( close not a break out). By doing so my accuracy has drastically improved.

i do not give out where my stops, what strike price or month of a option are because i have had to learn on my own. However i do like to help traders from new to experienced with sharing how to use an indicator an how to use it with market conditions.

Thanks for reading.

This is a Ichimoku breakout strategy. Normally we are taught to take the first breakout above the cloud In this case, why can't you take /place the trade because it fulfilled all the bullish indicator. Chikou above the cloud, Kumo future is bullish, Kijun and Tenekn sen lines above the cloud. For target I use Fibonacci 1.272 and 1.5, 1.618 extension from the previous swing High. My Stop will be 2 times the ATR from the closing price. All these analysis on the Daily chart.
i usually wait for a break and close above the swing high, or if price creates a new wick high but doesnt close above the swing high, the new high from the wich now becomes the swing high that I use for price to close. The reason why is because of the ichimoku price theory. I use fib extensions, retracements, kumo flat tops or bottoms to line up with the ichimoku price theory.
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