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Trend
A trend is a tendency for prices to move in a particular direction over a period. Trends can be long-term, short-term, upward, downward, and even sideways.
Trendy Market For Buyers
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| Trendy Market For Buyers |
Trendy Market For Sellers
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| Trendy Market for sellers |
Types of Trend
- Major Trend
- Minor Trend
Major Trend :
The major trend is a main and bigger trend.it will represent the domination of buyer or seller. You can consider it " Overall market direct or turn is known as Major Trend (You will observe it by zooming out the chart )
Minor Trend :
Minor Trend is a current loop of the market ( current price action loop ) (current dominancy of buyers or sellers)
you can observe it by zooming in chart and by checking either buyers are dominant or sellers
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| minor trend |
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| Current Market is Down ( Minor Down) |
Why You Need To Care About Trend While Trading ?
The answer is simple " Trend Is Our Friend " That's all.
Let me explain to You WHY
There is a General Rule For it " We Should Trade with the trend " its means major and minor should be in the same direction
- If Major Trend Is Going UP and minor Trend is Also Going Up then U Have to place your trade according to the trend which is UP and Your Trade will Be For Higher/Buy. and the same role applies for seller case if Major down and minor down u will go for down/sell/lower
- If Major is up and minor is down and u are going to trade for Down then there will be a risk coz u are against of Major trend
- It's a good practice to trade with trends. we will not trade only on the basis of Trend but we will utilize Trend with sureshot
