
Question 1:
What is Up, Down, Equilibrium and Megaphone patterns?
Answer 1:
Up and Down are trending market patterns, EQ and MP can be indications of a change in direction, EQ means volatility is tightening and MP means including volatility
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Question 2:
SPY just make a daily trend change and a nice move up, what would be a good entry for the way up and the same for the way down?
Answer 2:
Its not the same for everyone, if you like oversold bounces you may have been entering on the Low, if you are want in a a daily HL anticipating a daily trend change you have 2 entries, one on the HL and 2nd on the fakedown, if you wanna daily for confirmation you daily for consolidation after the daily EQ breakout and if you're day trading or scalping you can enter on any pullback, regardless of your entry you need to learn properly TA and you need to identify your style and make sure your entries are profitable.
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Question 3:
How common or uncommon is it for the market to create a weekly uptrend and then shortly change direction to a down trend?
Answer 3:
It will depend on the instrument, SPY will do it less, a stock with a small float that can be easily manipulated will do it more often.
Also anytime we have a bear/bull flag on the monthly chart, the weekly will change trend for a short time and lose it again.
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Question 4:
Why are we looking of XLF vs QQQ to look if SPY is holding up well or not, QQQ has a lot more wait on SPY?
Answer 4:
The answer is thats what we see on seeing, it could be because other sectors like XLV IWM XBI move along XLF, or any other reason, but the fact is that when you observe all sectors and if XLF is holding up, chances of SPY breaking down is not very likely, unless you see all sectors move together, so as long as we see that XLF is a factor ill keep on using it, once we see its not relevant ill stop trading it.
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Question 5:
What is the training for, Day trading, Swing trading, Investing ?
Answer 5:
Its a system that works for anyone that wants to trade professionally not just gamble and hope that things will works out, once you adopt a proper trading system, you can use it to the style you're comfortable with most small times frames as well as longer timeframes.
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If you wanna be on the training course please fill out the form on the site https://thetrendmaven.com/training_questionnaire.php and once we have enough info ill let everyone know the details.
I hope that helps
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