The following is a short extract from the course "How To Trade The Futures Market", please click here Trade Futures Course for full details on how to obtain the full text, futures trading simulator along with sample data and bonus trading ebooks package.

Find: Figure market trend downtrend lower lows broken defined volume bar.

47 on lower volume, suggesting that the buying support has absorbed the selling enough to force the prices back up a little. The lower volume on this bar also suggests that the sellers have run out of ammunition to resist this rise. Figure 23 48 The market rises from here and then starts to fall again (figure 24), but again there is a clear indication of support; a bullish reversal bar with increased volume (red bar, figure 24). Figure 24 49 The market subsequently rises over 100 points (figure 25). Figure 25 50 Chapter 9: Trends An up trend is defined as rising highs and rising lows: Figure 26 A downtrend is defined as falling highs and falling lows: Figure 27 51 In the example below, figure 28, the market is in a clearly defined downtrend. Figure 28 A trend reversal has to be accompanied by a breakdown of the existing trend. So if an up trending market has a series of higher highs and lows, at some point a lower low is made and the up trend is broken. In a down trending market at some point a higher high is made and the downtrend is broken. 52 As we can see in figure 29, the downtrend is clearly broken later in the day. Figure 29 53 The High/Low Trend Following Strategy

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How To Trade The Futures Market

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