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Trend Trading Forex
Trend trading is not difficult once you know
how and it's a great way to make money when
trading Forex...
Uptrends and Downtrends are created by Crowd behaviour
and they exist for ALL instruments on ALL timeframes
Uptrend
HH
HH
...
Traders make money by identifying these
Uptrends and Downtrends and then riding them by
moving their Stops when...
A Highe...
a
a
a
b/c
b/c
b/c
a) Identify when the previous
Higher High (HH) is broken
b) Identify the new Higher Low (HL)
(made since...
a) Identify when the previous
Lower Low (LL) is broken
b) Identify the new Lower High (LH)
(made since the previous LL)
c)...
Produced by
This explanation was derived,
with permission, from the...
No Indicators Trend Trading Strategy (NITTS)
by Jon...
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Trend Trading Forex

Trend trading is not difficult once you know how and it's a great way to make money when trading Forex

Here are the basics every trader should know...

This subject and many others are covered in more detail in the FREE Forex Guide available at Forex Useful - http://forexuseful.com/new/members/21812-forex-guide/

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Trend Trading Forex

  1. 1. Trend Trading Forex Trend trading is not difficult once you know how and it's a great way to make money when trading Forex Here are the basics every trader should know...
  2. 2. Uptrends and Downtrends are created by Crowd behaviour and they exist for ALL instruments on ALL timeframes Uptrend HH HH HH HL HL HL DowntrendLH LL LL LL LH LH Crowd Behaviour In an Uptrend the market rises and makes a sequence of Higher Highs (HHs) and Higher Lows (HLs) In a Downtrend the market falls and makes a sequence of Lower Lows (LLs) and Lower Highs (LHs)
  3. 3. Traders make money by identifying these Uptrends and Downtrends and then riding them by moving their Stops when... A Higher High (HH) is made in an Uptrend or A Lower Low (LL) is made in a Downtrend Crowd Behaviour
  4. 4. a a a b/c b/c b/c a) Identify when the previous Higher High (HH) is broken b) Identify the new Higher Low (HL) (made since the previous HH) c) Move Stop Loss to the new HL In An Uptrend
  5. 5. a) Identify when the previous Lower Low (LL) is broken b) Identify the new Lower High (LH) (made since the previous LL) c) Move Stop Loss to the new LH In A Downtrend a a a b/c b/c b/c
  6. 6. Produced by This explanation was derived, with permission, from the... No Indicators Trend Trading Strategy (NITTS) by Jon McFarlane Trend Trading Forex

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