Questions on Turning Point and Trend
Please attempt to answer to all these questions after you have read about turning point and trend within 10 minutes.
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1. Among these four, which one is not the four main stage of trend development?
a) Birth
b) Chaos
c) Growth
d) Death
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2. Which one provides fastest buy entry among these?
a) Semi turning point strategy
b) Trend strategy
c) Momentum strategy
d) Turning point strategy
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3. Which one is the wrong statement?
a) Some trend can have extremely short lives.
b) In real world, we need to deal with one resulting trend.
c) In real world, most strong trend will move the market.
d) In real world, we get ranging move because combined trends do not show clear direction.
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4. Which one is the right statement?
a) Turning point and trend are not related.
b) There are some stocks, which do not show turning points.
c) There are some stocks only growing up
d) Outcome of our trading strategy is subjective to probabilistic nature.
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5. Which one is the right statement?
a) Currency trading and stock trading shares many analytical techniques.
b) Financial trading is not connected to math.
c) Financial trading is not connected to physics.
d) History of financial trading is less than 90 years.
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6. Which one is the right statement?
a) Turning point strategy can signal buy entry too early when the ongoing trend is not ended
b) Sometimes, trend strategy can signal buy and sell entry too late.
c) Semi turning point strategy is hybrid between turning point and trend strategy.
d) High leverage is always necessary for my trading.
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7. Which one is the right trading strategy describing this entry?
Retracement Ratio
a) Moving average cross over
b) Fibonacci Retracement (Fibonacci Price pattern) trading
c) Harmonic Pattern Trading
d) X3 Pattern Trading
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8. Describe the weakness of turning point strategy
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9. Describe the weakness of trend strategy
.About this Article
This article is the part taken from the draft version of the Book: Profitable Chart Patterns in Forex and Stock Market (Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern). This article is only draft and it will be not updated to the completed version on the release of the book. However, this article will serve you to gather the important knowledge in financial trading. This article is also recommended to read before using Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and Profitable Pattern Scanner, which is available for MetaTrader or Optimum Chart.
Below is the landing page for Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and X3 Chart Pattern Scanner in MetaTrader. All these products are also available from www.mql5.com too.
https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/
https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/
https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/
Below is the landing page for Optimum Chart (Standalone Charting and Analytical Platform).
https://algotrading-investment.com/2019/07/23/optimum-chart/
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