This podcast on trend trading is appropriate for daytrading but also for swing trading and investing. The trend is always relative to the time interval of the chart. There is no objective “The Trend” independent of a time interval.
The classic definition of an up trend is when the market makes a higher high and a higher low. My daytrading and trend trading experience has taught me that is bunk (as my grandfather used to say).
Some people determine market direction by using fundamental analysis. In this podcast I’ll show you why I don’t find that helpful either.
For more from Barry, visit Top Dog Trading.