In this video I try to explain the best way to determine market direction.
Define a uptrend--- Series of higher highs and higher lows
In an uptrend your goal is to buy from a support and form a new higher high
In order for you to buy from a support, your lower timeframe must be in a downtrend
Define a downtrend--- Series of lower highs and lower lows
In an downtrend your goal is to sell from a resistance and form a new lower low
In order for you to sell from a resistance, your lower timeframe must be in an uptrend
Avoid using historical levels to fight market direction
If you can keep these rules, you will always be safe. Few is always more
Thank you and trade safe
Define a uptrend--- Series of higher highs and higher lows
In an uptrend your goal is to buy from a support and form a new higher high
In order for you to buy from a support, your lower timeframe must be in a downtrend
Define a downtrend--- Series of lower highs and lower lows
In an downtrend your goal is to sell from a resistance and form a new lower low
In order for you to sell from a resistance, your lower timeframe must be in an uptrend
Avoid using historical levels to fight market direction
If you can keep these rules, you will always be safe. Few is always more
Thank you and trade safe