“The Trend is your Friend”

Your first screen ensures the trend is in your favour. I have found that three exponential trend lines of 50, 100 and 150 days helps. If trading long then the blue (50-day line) above the green (100-day line) is best. If the blue line is between the green and amber (150-day line), then that is okay but carries more risk.

Avoid long trades with the blue line on or below the amber line. The reverse applies to short trades.

Screenshot 2014-06-19 13.24.00

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.