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5 Day Trend Training Series

Questionnaire Day 3
Question 1
When looking at a Uptrend or Downtrend.

Why is it better to trade a trend on a pullback to either broken

previous high or either broken previous low?

Is it

A. Better because it seems right.

B. Because after a low or high is broken price tends to retrace to
broken zone as either resistance or support offering a high prob
high reward potential trade in trend.
C. It is not better to trade this way.
D. Because the market is funny and does crazy things.

- Answer in Day 5

Question 2

When the market is ranging it is usually defined by not producing

higher highs or not producing lower lows. It is an area on the chart
where price bounces between and is giving no clear direction.

Is this statement true? Yes or No?

- Answer in Day 5

1 The 5 Day Trend Training Series – Copyright 2014 – www.forexreviews.info

Question 3

A bit trickier question, when price is moving higher strongly in

uptrend what method can be used in order to trade a strong move.

A. No method, just guess

B. An aggressive optional method when price breaks 10 pips
above previous established high. This often hits other traders
stop losses and is only used in strong trending environments.
C. Because it is moving up just buy randomly
D. Strong looking price action such as a pullback and a strong
bullish engulfing candle.

This question has two answers.

- Answer in Day 5

2 The 5 Day Trend Training Series – Copyright 2014 – www.forexreviews.info

Question 4
If one uses price action in below bullish example below where does
one have the option of placing a stop loss in preference?

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A. Below Price action and Low

B. Below Previous Low
C. Both A and B are both valid.
D. Just use a set stop loss.

Which one is it?

- Answer in Day 5

3 The 5 Day Trend Training Series – Copyright 2014 – www.forexreviews.info