Falling In Love, With Trends by Kevin Luo
Regardless of what type of trader you are, trends are always a great find. When you find them, you want to hold on to them forever, but they can run away from you very quickly and easily. Dont get too attached to them. Find strong ones, take advantage of them, and then let them go.
Trend is the most essential concept in technical analysis and forms the backbone for many important technical analysis methods. Many popular technical indicators are referred to as trend-followers since they are designed to detect the strength of a trend. The moving average convergence/divergence (MACD) intends to signal bullish or bearish trends by using a crossover method. The relative strength index (RSI), another technical indicator, is designed to detect a trend in oversold or overbought conditions...