Trending markets are identified by using swing patterns that are broken down into classic sequences higher highs, higher lows, lower highs and lower lows (not in that order).
These key technical high and low points are called ‘swing highs’ and ‘swing lows’, and it is the order which they appear on the chart is vital to identifying trends, especially if you want to catch them in their early stages of development.During a bullish trend, price will step upwards in a zig-zag type pattern – almost like price is walking up a flight of stairs. Price will gradually step its way higher forming that ‘staircase footprint’ on the chart.
Higher highs (or swing highs) in bullish trends is where the market finds resistance, and generally starts off a
correctional move.Higher lows (or swing lows) normally are formed after a counter trend correction is terminated, and the market finds its footing (support). Trend momentum kicks back in here and generally pushes price into the next higher high to complete the next phase of the trend.During a downward bearish trend, the opposite is true.
Notice the ‘staircase’ upward motion – price is finding support and resistance at the swing highs & swing lows, as it moves in the general upward direction.
1,3284516 February, 2019
You are surprised, aren't you? :) Only one question... How many times have you ever heard such statement?
We bet that many people tell it when you're a beginner and try to dissuade you to 'waste' your time on learning and training trading. Unfortunately, many people are afraid of Forex and investing and get used to go to the office every morning, get their ~1000$ monthly and feel stability. This life model is inherent in more than 90% of the world's population and it's okay, but there are people who have decided to risk and go against the system... We are traders and investors.
It's difficult to continue to do anything if there's no support around, and it's very lucky if family and friends believe, trust and help, but what to do, if you're alone?
Save our motivational checklist and come back to this one every time you need support or confidence.
• Find an answer WHY you have started trading. Is there anything after which you realized that you want to be a trader? Keep this reason in mind and remember that everybody starts with a dream only.
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• Remember any moment when you did anything and people around didn't believe that you would do that. It can be any time of your life: childhood or just yesterday, but there was at least one such moment. Did you give up that time? No. Did you believe in your success? Yes. The same is now - guess the result?
And always remember, that at first they'll ask you why you're doing it, then they'll ask you how you did it. It's your way only and the strongest survive. Are you a weak person? If you decided to go against the system and take a risk, it means that you're strong, so, is there any reason to give up?
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