If you have joined our Telegram channel (link right above), you would have noticed that every trading day we have a “Daily Trend Analysis” post.
The purpose of these posts is to systematically identify the medium-term trends of major markets, which is useful for swing trading.
By identifying the correct trend, it narrows down our choice of actions to give us better odds of making the right trading decision.
As a general trading guide:
- Strong trends – aim to enter on small pullbacks
- Weak trends – aim to enter on larger pullbacks
- Ranging markets – aim to buy low and sell high
On this screenshot example above, we can see that U30USD, SPXUSD, NASUSD and GBPAUD are all in a strong bull trend, which means the optimal strategy would be to look for buying opportunities on pullbacks in the medium-term.
If you are wondering what all the symbols mean, you can check out this full list of products and symbols.
If you are looking to learn more about trading, or specific buying/selling signals, then you can check out our mentoring & trading signals.
Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 60+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.