Anybody who’s ever traded with me before will tell you that I'm a big advocate of going in the direction of the main trend… not against it!
Even if a trade goes against me (which of course happens from time to time), it tends to head toward the main trend at some point. What I mean by that is going in the direction of the trend from the beginning can save an ugly trade, and even put the odds in your favor.
So that’s the side I like to be on at all times…
In this video, I thought it’d be beneficial for me to show you how I use the ADX indicator to find the strongest trends, and determine if the asset or market I’m trading happens to be trending in one direction or choppy.
The stock market was digesting last week’s move just fine… and then Federal Reserve Chair Jerome Powell had to open his yap…
And despite not saying anything he didn’t already say last week, the S&P 500 dropped 40 points and all three major indices turned red… Thanks a lot.
Despite good ol’ J-Pow and some illiquid options markets sandbagging us, it’s been another productive time for the New Money Crew strategies.
Weekly Blitz Alerts closed on the second leg of a trade on Pure Storage for a nice return!
Oil is back on an upswing after dipping below $100 a barrel last week. The move helped Alpha Sweep Alerts score another sweet gain on our good friend Occidental Petroleum.
With semiconductors pulling back and earnings events from Adobe and Nio, I can’t help but keep my eyes glued on tech.
"Impressive, Awesome, Stunning, Awakening, But Very Logical."
Alain C.
Short-term Pullbacks provide opportunities to enter trades in the direction of the longer-term trend. Trade set-ups like this occur against short-term momentum (the pullback) but are in alignment with the longer-term trend, and typically offer high-probability, low-risk trade ideas with a 2:1 (or better) reward-to-risk ratio.
Give us a follow and join the conversation on our official social media channels!
The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.
Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.
Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.
Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.
ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day.
DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk.
DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit wealthpress.com/terms for our full Terms and Conditions.
0 Response to "How to Determine If a Trend Is Gaining or Losing Momentum"
Post a Comment