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Forum Trading The Trend – Part 1 Reply To: Trading The Trend – Part 1

Dennis BIG D

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#2668

dennis

October 8, 2015 at 9:34 am

Hi Joshua,

Welcome to the forum btw 😉

Excellent questions that I am sure a lot of people would also like to know the answer. In the example, Alex used the 10 & 30 moving averages. Why? Because traders most use it to identify a trend. There is no right or wrong here. Depending on the time frame one can even use the 200 EMA (Exponential Moving Average) to identify a trend. So coming back to your question – No. There are many different combinations of moving averages or even single moving averages that top class traders use to identify the overall direction of a trend.

All the best,
BIG D