HOW TO FIND ( AND STAY) WITH THE TREND 4/4/14

A Forrest has been cut down to create all the paper used to publish trading books.  Read until your old, but sooner or later you must begin to trade  and shift your "reading" to the charts.

The easiest, and perhaps the lowest risk, trade may well be the With Trend Trade.  A review of some key signals can help you put our trades to work;  working for you and not against you.

• Price relationship to a moving average
• Price relative to recent highs/low
• Price to +8 to +10 targets
• Price failure to break, or price breaking 50% area of a control bar (50CB)

OK, enough for now.  No need to get too complicated.  Use these parameters and read the chart and make your own judgement.

[10:26] <CM> US Mkts looking to test lower support potential new LOD
[10:35] <CM> low test in nq  which has been a drag on the mkt
[10:38] <CM> mkt shorts entering NQ is the anchor dragging
[10:39] <CM> im short bias until the two lh's break     (LOWER HIGHS)
[11:10] <CM> someone opened the drain...

Each long attempted was a counter trend trade, failing to close the EMA gap and failing to break 50CB levels.