July 2015
Intermediate to advanced
352 pages
9h 40m
English
book
A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
by Michael C. Thomsett
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
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How Volume Confirms Trends
The first issue to address is whether or not a current trend is likely to continue. One approach to trend analysis is to take no action until a signal appears forecasting reversal. However, by the time you find and confirm this reversal, it might be too late to time a trade profitably. Volume signals can be used to confirm the trend, providing confidence that the trend is not about to end.
With price analysis taken by itself, it often is difficult to decide whether the trend is strong or weak. Just because price is moving in one direction with momentum does not tell you whether it is due for reversal. Every investor knows that prices tend to overreact to immediate news and that exaggerated price movement gains momentum ...
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