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STEPS TO SUCCESSFUL TRADING WITH PROFIT TRADER:
....You CAN Buy Bottoms & Sell Tops!
The trend for the trading cycle is determined by the dominant cycle (trend cycle) in the next longer time frame.
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| Despite all the hype, the only Holy Grail to trading stocks and commodities is to trade with trend -- if it is up, buy the dips; if it down, sell the rallies. |
| But the question is - How do you determine trend? |
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trading with cycles, the answer is simple -- The trend for the trading cycle is determined by the dominant cycle (trend cycle) in the next longer time frame. |
| In a daily chart, the trend is determined by the cycle in the weekly chart. In a 5-minute chart, or a 7-minute chart, the trend is determined by the cycle in a 20-minute chart. The chart examples that follow show the weekly trend cycle/daily trading cycle relationship in the S&P500 Index. The same trading concepts and techniques work in all time frames, all markets. |
| Go to Step 1 |