Swing Trading Profits by Roger Scott : [PDF Download]

PDF Title:Swing Trading Profits
Author:Roger Scott
Total Page:36 Pages
PDF Size:833 KB
PDF Link:Read and Download


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“One of the most important principles in technical analysis is the study of trends and one of the first things that traders learn and often times forget is that there are different types of trends.

For example there is a long term trend, this is a trend that can last several months or even years, and this is the type of trend you can easily identify on weekly charts and on daily charts that last several months.

You can see in the example below the long term trend of symbol SMH, an ETF that tracks several large semiconductor companies. The long term trend gives you the fundamental picture because of the extended time frame that you are viewing when you are using the longer timeframe.”

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