Other opportunities include the classic GMMA trend trade with a mid-trend entry.
Other opportunities include the classic GMMA trend trade with a mid-trend entry.
These types of trades were successful in 2009, but in 2010 there is an increasing incidence of sudden trend collapse. Now the preferred entry point is when price moves near to the Trend Volatility Line. (TVL line) This allows for a rapid stop loss exit to protect profits.
Daryl Guppy, well-known
international financial technical analysis expert. He is an equity and
derivatives trader and author of books including Share Trading, Trend
Trading and The 36 Strategies of The Chinese For Financial Traders. His
weekly analysis newsletters are followed in Asia and Australia.
Information provided is in the nature of general comment only and neither purports nor intends to be, specific trading advice.
