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Trending Markets

Written by Pip Wrangler | one
Topics: The Disciplined Forex Trader, Trading Tips, Trends

How to benefit from the trend:

  1. Know what the trend is.
  2. More good trades are made in the direction of the trend.
  3. To get the overall picture of the market use multiple time frames.
  4. Get the trend on a large time frame.
  5. Wait for a pullback on a small time frame.
  6. Wait for the market to come to you.
  7. Let the market tell you what it is doing.
  8. All major trends will have some retracement.
  9. Don’t over complicate it.
  10. You can hold your trades longer in a good trend.
  11. When you see a retracement coming do not get out of a trade and enter in the other direction.
  12. Wait for a conforming signals to trade in the opposite direction.
  13. Stops should be placed outside of retracement levels.

Trade Losses Will Increase By Not Trading With The Trend:

  1. Profits will be smaller against the trend.
  2. Trading against Momentum increase losses.
  3. Trades are smaller.
  4. You will end up chasing trades.
  5. Not knowing when the market will turn.
  6. It is harder to determine when the trend has ended.
  7. You can be mislead by every cross of the Hot Lines.
  8. Trading small trends shorten profits.
  9. You will be looking for retracements that never come.
  10. Trading against the trend you have no recovery room.
  11. When you think there is no such thing as too high or too low.
  12. You will hold trades for too long.

Things To consider:

  • Do I know the direction of the major trend?
  • Will this trade be chasing the market?
  • Is this a true trend?
  • Is this retracement a trend reversal?
  • How much should I risk on each trade?
  • Do I know the Support and Resistance points?
  • Is the long time frame slowing down?
  • Do I see the relationship between long and short time frames?
June 13th, 2008
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Comments

One Response to “Trending Markets”

  1. kabiru on July 11th, 2008 5:14 am

    pls show the way were ago abov lose in forex

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