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Be Fashionable: Trade Trends

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Noviarini

There is a common trading expression “The trend is your friend.” Phrases such as this have stood the test of time because they are critically important to any trading plan. 

it is important to first explain why trend trading is a popular strategy used by many new and experienced traders. Experienced traders know when they find a strong trend and trade in the trend’s direction, it can make trading easy. Therefore, experienced traders seek out more strong trends to repeatedly take advantage of them.
For example, if the market is moving up in a strong trend, it isn’t as important what the strategy is used to time entries, you simply need to be buying. When you trade in the direction of the trend, the rest of your trading approach can fall right into place. This doesn't mean that all your trades will be winners. It does mean that you don't have to be exact in your entries and exits once you find a strong trend to trade.

Secondly, there tend to be more pips to be made in the direction of the trend than against the trend. You align your strategy to the momentum of the market. Determine the Trend.

It is important to note that there are no specific rules for identifying high and lows to use for trend analysis. The idea is to pick the most obvious examples of an uptrend or a downtrend to trade.
Insist on finding pair in such an obvious trend that a 10 year old child can identify the trend direction from across the room. If you are not sure of the trend direction, then move to the next pair which the identification is obvious. Take advantage of the fact that there are many pairs to trade. This is one of the advantages of trading the FX markets.





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#1 - February 10, 2019, 03:19:42 AM

Abdul Hakim

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Quote from: Noviarini on February 10, 2019, 03:19:42 AM
There is a common trading expression “The trend is your friend.” Phrases such as this have stood the test of time because they are critically important to any trading plan.
what technique is the best for you to read the forex market movements? I have not found a technique that suits me. do you have any technical advice?
#2 - February 10, 2019, 03:26:23 AM
« Last Edit: April 28, 2021, 10:39:55 PM by Mikser »

ASHfx

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Quote from: Noviarini on February 10, 2019, 03:19:42 AM
There is a common trading expression “The trend is your friend.” Phrases such as this have stood the test of time because they are critically important to any trading plan.
Can you give an example for us to get to know trends more, because I and many other friends are still beginners in the world of treding. is it better to use what timeframe and is there a sign that these trends have changed direction?
#3 - February 10, 2019, 04:08:24 AM
« Last Edit: April 28, 2021, 10:39:43 PM by Mikser »

Lordmishi

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Quote from: Noviarini on February 10, 2019, 03:19:42 AM
There is a common trading expression “The trend is your friend.” Phrases such as this have stood the test of time because they are critically important to any trading plan.

I heard this phrase before, trwnd is your friend. But the reality is sometime we dont know it is trend or fake trends, and sometime when we realize it, it is too late to enter the market.

Maybe you have some tips to us, how you know if it is trend or fake trnds
#4 - February 10, 2019, 04:43:20 AM
« Last Edit: April 28, 2021, 10:39:33 PM by Mikser »

ariezz

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Following the trend is good with the condition that we can identify trends and also the level of price saturation. No less important we must be able to place ourselves whether the trend is in the long-term or short-term time frame and adjust the lot that we transact.
#5 - February 10, 2019, 05:29:25 AM

rinshei

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Quote from: Abdul Hakim on February 10, 2019, 03:26:23 AM
what technique is the best for you to read the forex market movements? I have not found a technique that suits me. do you have any technical advice?
as for me i use bollinger band and moving average to know where the trend is going, as for me i dont want to face opposite trend, it could kill us bro,floating too much could kill us ahaha
#6 - February 10, 2019, 06:02:26 AM

Bestforex

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it is true that these words do not have the name of the lowest or highest point, maybe it is only for a while before being penetrated, but in this case the expression is also needed and indeed sometimes it is true, you should just find a trend that makes you comfortable
#7 - April 26, 2021, 07:44:33 PM

Gombloh

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It is easier in theory than practice, that is the reality where all traders in the world want to know where the trend is going in currency pairs, and various strategies and indicators have been used, but in fact the trend is very difficult to understand because every timeframe has its own trend direction and is often different.
#8 - April 28, 2021, 02:05:04 PM

Torroco

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Following the direction of the big trend is a must that is done by novice or professional traders. But all of that cannot be used as a benchmark because the price will move at will if I personally prefer to use support and resistance
#9 - June 19, 2021, 01:47:49 PM

Demnok Lannik

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Quote from: Torroco on June 19, 2021, 01:47:49 PM
Following the direction of the big trend is a must that is done by novice or professional traders. But all of that cannot be used as a benchmark because the price will move at will if I personally prefer to use support and resistance
Trading by following the direction of the trend is highly recommended, because you can get maximum profit and less risk
#10 - June 20, 2021, 05:00:21 AM

zanurreload

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Indeed, if you want to be safer, we better follow the trends in the market.
#11 - June 20, 2021, 11:53:57 AM

Trader Hijrah

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one of the beauties of trading for me is following the trend direction when trading because it will be enough to make us able to trade comfortably and calmly, and we can be more satisfied when we get the profits
#12 - June 21, 2021, 09:00:19 PM

mugiwara

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I think trading well when we plan well, we manage well, so the results will be in accordance with our expectations, and maximum of course
#13 - June 23, 2021, 02:12:30 AM

caripoin

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Trading by following where the trend is going can indeed be said to be very artful, because most people think it is a safe way of trading and maximum profit
#14 - June 25, 2021, 07:18:11 AM

Mulyono

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Trading by following the trend direction will be able to make us more calm and more comfortable, so that if we can get the possibility of trading we will be able to produce maximum profit
#15 - June 29, 2021, 09:29:44 AM
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