Trend Determination Ebook.
Accurate, & Effective Methodology By; John Hayden Trend Determinationebook Over the years, friends who are traders have often asked me how I can quickly determine a trend when looking at a chart. My answer is that I have examined tens of thousands of charts. However, one fundamental indicator I faithfully use is the Relative Strength Index (RSI). The RSI was developed by J. Welles Wilder, Jr. and presented in his 1978 book, New Concepts in Technical Trading Systems. Welles developed the RSI for trading pork bellies. My belief is that a valid indicator will work in all markets, and in all time periods. The RSI is used for:
- Trend Analysis
- To Help Determine Price Objectives (not covered here)
Profxindicators recommendation is using indicators and EAs with knowledge and experience, then nobody can reverse you. Our main goal is to create expert forex traders and Expert forex traders use their own knowledge, experience with other indicators and resources.
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- Determine RSI Range
- Determine Support & Resistance Levels
- Looking for Divergence
- Using moving average
The books consist of popular and highly profitable trading methodologies used by our most advanced forex traders. You can study them, test them on a demo account first then you can try on a real account.
#credits: By; John Hayden