3 Phrases of trends: WHICH is low-risk & high-reward?
Have you ever wondered which phase of a market trend gives you the most advantage when trading?
Well, let us tell you about the sweet spot!
It's the stage of the trend where the risks are LOW, and the rewards are HIGH.
There are 3 phases of a trend: beginning, middle, and end.
How about we dive into the characteristics of each phase?
✔ Beginning: When a trend is just starting, traders typically jump in and make their moves without a clear sign of where the price is going next, resulting in significant risk. But if they do manage to predict the trend movements accurately, the rewards are pretty sweet!
✔ Middle: Now, the middle phase is where things get really exciting! The trend has already gained some serious momentum. Using pullback signals, you can make some low-risk, high-reward trades. This is the GOLDEN stage you have been waiting for to hop on some order entries and score big.
✔ End: It's best to steer clear of placing orders during the final phase of a trend because the risk is high, and the potential rewards are low.
So, how can you tell when the middle phase is kicking in and get some pullback signals for a juicy trade?
Noble Cloud has some pretty cool features to help you out, which are Bar Min and Bar Max. Just keep an eye out for signals between those two points.
Don't be afraid to play around with the Bar Min and Bar Max settings to match your style and preferences.