potentwhereas in equity markets we tend to see slower moving price action in a bull market, along with lower volatility. See here: Note: these moving averages should only be used as a general guide and never as an actual signal (as in the old moving average crossover signal). Thus, in Forex, your trading strategy and plan will generally be the same for both up and down markets. Most traders make trend discovery WAY too difficult. Checkout Nial's Professional Trading Course here.
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By value, I mean from an optimum point in the market that has proved significant before. You will notice this pattern happens in almost any trend you can find. As the market retraces back down to these steps or support levels, we would focus our attention and watch for price action signals forming near these levels to rejoin the uptrend: Note: These same principles apply in a forex factory economica widget calendario down trending market but we would. I trust that todays lesson has helped you get an idea of how to determine whether a market is trending or not and how to trade a trending market. These support levels resulted after the market began to retrace lower within the structure of the broader uptrend. But just to be clear, our main focus is on visual observation of a markets price action and levels, that is to say without any EMAs. Its best to learn how to trade with near-term trend before you try trading counter-trend, because trading with the trend is naturally higher-probability than trading against. Note the stepping pattern left behind by the swing points in this uptrend. For example, in an uptrend I would consider value to be support, since that is where the price of the market is likely to be seen as a good value for the bulls, and thus they will tend to buy from that level and push. I hope you guys pay close attention to todays article and refer back to it when you have any questions about how to trade or identify a trending market.