Identifying Trend Days in Trading
If you can tell a trend day from a range day and a range day from a
trend day, you're gonna be able to make shitloads of
money, make that
account go in an uptrend. And if you can't tell the difference,
you're gonna see
the opposite. You're gonna see your account slowly
downtrend.
You're gonna get busted up on days that you think are trend days and
are secretly range days, and you're gonna take losses,
you're gonna be
holding knives, you're gonna be doing all
that sort of thing.
You're gonna miss out on big gainer trend days.
So here's a tip for you guys to be able to tell when it's gonna be a trend
day. Don't forget to like, share the video, all that bullshit.
Let's get into it. Today was a trend day, so we're gonna be examining exactly what
happened today and the keys that we had to tell that it was gonna be a
trend day within the first hour to two hours of the day.
The big one that I really want you guys to take away from this is the
reaction to the dips and the reaction to the
bears' attempts. The first one is right here.
You guys can see the bears, you know, high of day was made, and then the bears
rejected two candles in a row, and the reaction from
the bulls was a nice green candle and then an
increase in volume on the next green candle.
The next attempt was right here. We'd made high a day,
the same exact thing,
two-candle rejection.
We have a green candle and then an increase in volume on this
next green candle. What that tells us is bulls are back.
Bulls are saying, "All right, we're ready to put in some volume to make
this continue to go our way." You can see it continues to happen.
Right here it was an increasing volume push down from the bears.
What happens? The bulls come back with an even higher
volume candle
and then three reds to follow. The other thing I want you guys to take
from this is
the nine EMA. You can see that the bulls are defending the nine
EMA with everything they have. It's their line in the sand.
And when they're able to defend it as effectively as they were early in the day
today, that's something you guys can take away
for the rest of the day.
That, "Okay, I feel comfortable that this is a bull trend.
I feel comfortable buying long. I feel comfortable expecting new highs,"
until the bears are able to show that this nine EMA can be broken
fully because it was never fully broken today.
It kinda broke right here, but then it, it was quickly snatched right back
up by the bulls. Those are the two tips I have.
The first one is more important, but the second one is also just kind of,
you know,
it's the nine EMA, so it's, it's kinda just an indicator.
But if you have any questions, drop them in the replies, DM me, all
that sorta
stuff. We have a long weekend this weekend,
so be smart.
Call an Uber if you need it. Whatever you're gonna be doing, be safe.
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