The backbone of most black box trading systems, computerised trading as well as the most successful trading strategies depend on trend actions and chart patterns. With an understanding of trend lines, channels, support, resistance, triangles, and reversals, you have a foundation that can be applied to unique technical patterns.
Knowing which assets to trade is only half the battle; picking the right time and identifying the most opportune setups is your next challenge. Trading opportunities, or trade setups, generally fall into four broad categories: continuation, reversal, breakout and range-bound. Each presents opportunity if you are able to identify the setup, and have strategies for capitalising on it.
In this class, we will learn how to take advantage of the most popular technical setups and identify trend patterns. Trading with the trend is successful, and it is also when a trader is able to spot when a trend is potentially ending, and a new one beginning.