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Posted by / 10-Nov-2017 19:20

When all preparations are over, you can start trading.

Pay attention to the chart when your trend is estimated, and once the price reaches the trend line, enter the market toward the trend.

At uptrend it’s built at minimums, at downtrend – at maximums.

At flat two horizontal lines are built, creating a canal of a price.

One of them will go through maximums of the chart, the second – through minimums.

And if this canal is going up – it’s uptrend; down – downtrend. After estimating the trend, build a trend line (this straight line).

Traditionally, trends are looked for in long-term charts (longer than 1 hour), though, it’s not like that at option exchange.

You can see how it looks like in pictures of this article.

This strategy doesn’t have the definite author and name, because widely used and called in different ways. Any currency quotation, stocks or metals rate or indices move in a specific direction, which always changes. There are three kinds of trends: uptrend (a price rises), downtrend (a price falls) and flat (a price doesn’t change).

Surely, never a one asset have a defined direction, that’s why the trend is just a general tendency of movement, and it always has different corrections and bounces.

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In the previous article, we were looking into a martingale-based strategy, and it’s time to work with another one.

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