Trend Identification in the Currency Markets

One of the oldest sayings in the financial markets is "The Trend is your Friend, always Trade with the Trend". At first, that may sound easy enough; but, what is "the trend"? Because we all view charts subjectively and trade in different time frames, this can be a much more difficult question to answer than it seems.

The goal of this webinar is to help sort out some of the confusion surrounding this concept. We will start with a brief presentation discussing concepts such as support and resistance and the proper use of trend lines. Then we will cover the concept of using various time frames to establish our overall outlook on a trend and to identify short, medium and long term trends in the market. I am sure that like me, most of you have read too many books showing the perfect trend line and support/resistance levels, only to get back to the charts and realize they look nothing like the illustrations in a book. To avoid this frustration, we'll spend a portion of our time together applying the principles of trend identification to live price charts.