[Follow The Trend]

Soultrader

The first hour of trading very often determines the trend for the day, although major announcements can change this.

It is strange, but you often get a feel for market trends yourself, and whether the market may be due a small pull back, etc. The higher a market goes, the more cautious I get, because at some point the profit takers will come in.

I like to keep a very close eye on key graph points, as they can alert you to possible tricky days.