Whenever currency pairs begin strong trending moves, traders will ask about the merits of the trading adages “trade in the direction of the trend” or “the trend is your friend”. What does the trend have to offer? Why not trade against the trend as well as with the trend and make pips going both ways? While pips can be made trading counter trend, they will definitely come with a greater amount of risk. Essentially, when taking trades in the direction of the trend, the trader has the momentum, the “push” of the market behind their trade. Since a trading objective is to lessen risk, one way we can do that is eliminate ... (full story)