How Do You Trade a Price Trend?
Traders can identify a trend using a xauusd system that has 3 indicators - MA(Moving Average) Cross over System, RSI and MACD and using simple trading guidelines to define the trend. The Trading Rules Are:
Upwards Trend
Both MAs Moving Up
RSI Indicator above 50 Mark
MACD Above Center Line
Downward Trend
Both MAs Moving Averages Moving Down
RSI Indicator below 50 Mark
MACD Below Center Line
Traders can then write-down the guidelines of the system & use this guidelines to define a trend which they will then trade.
Example of Rules to Define a Trend - How to Define A Price Trend
Example of a Market Trend on a Price Chart
Example of a Price Trend on a Price Chart - How Do I Trade a Price Trend
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