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
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