#TrendTradingStrategy
"The trend is your friend until it bends!" 🔄 Trend trading strategy #TrendTradingStrategy relies on riding the **market wave** instead of opposing it. Key points:
- **Identify the trend** using moving averages (like MA50 crossing above MA200 to signal a long uptrend).
- **Enter on the bounce**: in an uptrend, buy on price retracement from support with volume confirmation.
- **Determine exit points**: use the ATR (Average True Range) indicator to set a trailing "stop loss".
Avoid common mistakes: ❌ not respecting the stop loss, ❌ trading against the main trend. Remember: "trends last longer than you expect" – be patient!