Markets rarely if ever move in a straight line as a trend unfolds. However, when they are trending you’ll often find a reprieve of price as profits are taken or as opposing forces try and take on the current trend. Thankfully for trend traders, trends often maintain their path so you can look at those short reprieves in price to re-establish a position or add to already successful trade. “Trend following is an exercise in observing and responding to the ever-present moment of now.” – Ed Seykota The last two weeks have been seen some major moves in the major currencies. The reasons for these big moves have been due to ... (full story)