This identification of trend, its beginning and end, is the most important thing we have to do.
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When the correction is complete the final phase of trend advancement occurs usually at the slowest rate of change for the whole progression of the trend and then this too corrects.
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Before you trade it is very important that you have some working knowledge of probability in order to maximize your trading technique.
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An order to buy or sell when a price is fixed.
The exit could be when we have a closing above the 18 period moving average.
Fundamental versus Technical Forecasting Just before we get started on the technical section of the book I want to introduce you to fundamental analysis.