Understanding Trend Trading
"The Trend Is Your Friend" is a time honored trading motto because being able to identify the trend is vital to all trading styles.
There are multiple ways to effectively determine trend direction, spot changes in trend direction, and measure the strength of the Trend. The purpose of all trend identification is to see past the underlying noise in the market, those erratic moves that seem to be meaningless, and find the current direction of price movement.
This video will increase your effectiveness in working with intraday or multiple day trend trading.
Even if you are a counter-trend trader, you still need to know the trend.