Posts

How to Identify Market Trends with Swing Counts

In my last video, I talked about the 3 main market trends that are in the market – uptrend, downtrend, and sideways market. In trading, it is very important to know the trend because trading in the direction of the trend gives you the best odds of profitable trades.

In this video, I share about Swing Counts — one of the most common techniques used by traders (including professionals) to identify the market trend and differentiate between the 3 main market trends.

Knowing this technique is important because it gives you a simple and objective way to not only identify the current trend, but also to spot when the trend is changing direction.

Enjoy the video! 😀

What are the 3 Main Market Trends?

When we look at price charts, we cannot help noticing that prices tend to move in a particular direction for prolonged periods of time, creating trends which we can take advantage of.

Generally, there are 3 main directions which trends take, and specific strategies which give you the edge once you are able to identify which trend the market is currently exhibiting.

Lastly, the video covers one major pitfall that many trend-followers miss out on, and as a result get trapped holding losing positions. This is something you want to avoid.

Enjoy the video! 😀