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Once a trend is discernible then trend lines can be drawn to define the lower limits of an up trend or the upper limits of a downtrend.
How to forex books and automatic forex trading plus futures trading for maximum profit.
Dow himself never actually used the phrase.
However, on no account exit the market until definitive evidence of trend termination has occurred.
How to forex books and automatic forex trading plus futures trading for maximum profit.
Do we see a lot of buyers or sellers at the entry level?
How to forex books and automatic forex trading plus futures trading for maximum profit.
The longer the time span used to calculate the moving averages the greater the significance of its violation by price.
There is a good argument for not paper trading first as no matter how much paper trading you do you will never get the emotional involvement that you have when you have a real live trade on.
The primary trend may take years to come to an end and develops over time.