Trend Following: Using Long Term Moving Averages To Determine Trend $QQQ $GDX

Trend following all depends on your time frame. In order to avoid all the noise out there, I strongly suggest to look at weekly moving averages to get an idea where we are at the moment in the dominant trend. In this video regarding trend following you can get some ideas in order to help you become a better trend follower by looking at the long term via weekly charts and weekly moving averages.

What the weeklies are showing at the moment ( however they can change very simply as well) that Gold is starting or potentially starting an up trend and the Nasdaq is starting a down trend.

Disclosure:The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I may hold ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.