Flashcards
Future Trend
Cards in this deck (23)
- 1Future TrendWhere is price likely to go?
1) Price action leaves clues as to the strength or weakness of the two opposing forces (bullish
and bearish pressure); allowing us to see which side is winning control of the price flow.
2) Future price action is likely to be in the direction of whichever force is showing greater strength, or opposite to whichever force is showing weakness. - 2Strength&Weakness - MomentumObserving price action in order to note changes to speed and acceleration; and assessing the meaning
of this change with respect to potential future orderflow and potential future trend direction. - 3Momentum - Down Swing
- 4Momentum - Up Swing
- 5Momentum Analysis- Same direction price swingsCompare the momentum of the current price swing with the momentum of the previous price swing in the same direction. Is price faster or slower than before? What does that mean?
- 6Momentum Analysis - Opposite direction price swingsCompare the momentum of the current price swing with the momentum of the previous price swing in the opposite direction. Is price faster or slower than before? What does that mean?
- 7Momentum Analysis - DecelerationIs the current price accelerating or decelerating? What does that mean?
- 8Momentum Analysis - AccelerationIs the current price accelerating or decelerating? What does that mean?
- 9ProjectionProjection refers to the distance with which a price extension projects past the previous swing high (in an uptrend) or swing low (in a downtrend).
Increased projection is a sign of potential trend strength. Decreased projection is a sign of potential trend weakness.
- 10DepthDepth refers to the distance with which a pullback retraces the previous extension.
Increased depth is a sign of potential trend weakness. Decreased depth is a sign of potential trend strength.
- 11Failure to ContinueAny time obvious expectations fail to continue, the market has given you a strong clue as to
future trend direction. - 12Future Trend Direction - 6 principlesProvide you with your initial assessment of future trend direction.
- 13Future Trend Direction - Principle 1
- 14Future Trend Direction - Principle 2
- 15Future Trend Direction - Principle 3
- 16Future Trend Direction - Principle 4
- 17Future Trend Direction - Principle 5
- 18Future Trend Direction - Principle 6
- 19Visualising Future TrendA Process of considering the following:
1) What price action would validate your assessment of future trend?
2) What price action would invalidate your assessment of future trend? - 20What happens after S/R holds?
- 21What happens after S/R holds? Absence of Weakness in Trend
- 22What happens after S/R holds? Presence of Weakness in Trend
- 23What happens after S/R holds? Presence of Strength against Trend
Information
- Description
- Trading Flashcards on Future Trend, created by Mitul Patel on 22/06/2017.
- Created by
- Mitul Patel · Jun 2017
- Updated
- Jun 24, 2017
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