Is the trend really your friend ?

[mlawson71]

The trend is your friend as long as you know it will continue and as long as you are able to recognize when it has ended.

 

[margin]

Yes trend is really our friend but we have to make sure that market is not approaching or at a major resistance/support point before we make our entry even with the trend.

 

[EURUSD]

If any trader already able treat the trend as their friend, hence profit in tradng will come easily, but in fact to analyze the trend also not easy task, sometime still faced mistake analysis and causing loss also, indeed in forex as trader will work with the trend market to catch profit, and trade against the trend will making loss in trades.

 

[mlawson71]

Yes trend is really our friend but we have to make sure that market is not approaching or at a major resistance/support point before we make our entry even with the trend.

Unfortunately for many newbie traders identifying where said major resistance and support levels are can be a serious problem.

 

[Froso@FXNET]

Trend defining ability is hard to get. If we do trading according to the trend it is our friend indeed. We should not go against it because it will not help in profit taking. All the time we should try to know where market is going to do good trading.

 

[mlawson71]

I actually think that one can trade against the trend to make a profit, but that requires a lot of practice and experience. It's certainly not something inexperienced traders should try on a regular basis and with a live account.

 

[arigoldman]

Why make waves when waves are already made.

 

[EuroTrader]

Why make waves when waves are already made.

Their are many such waves in the markets and we have to know and understand which are the correct waves so that we are able to Filter them out and then use the right one

 

[EURUSD]

Their are many such waves in the markets and we have to know and understand which are the correct waves so that we are able to Filter them out and then use the right one

Yes if we look on the chart, it is like as wave although seems randomly, if we can understand with the wave on the market that occur and keep discipline to waiting on high and low, it will minimized risk possibility, but if often rush it's too risky and might often loss.

 

[ForexVerified]

I actually think that one can trade against the trend to make a profit, but that requires a lot of practice and experience. It's certainly not something inexperienced traders should try on a regular basis and with a live account.

And trading against the trade rarely works. The markets can always go lower than your pocket can take.