A few weeks ago, we published an article on trendless markets and three common mistakes. The first common mistake made is that traders keep trading their trending strategy on a market that is not moving. To correct that mistake, you need to apply your trending strategy to a strongly trending market. For the past couple of weeks, the EUR/USD has been trading in a very tight sideways range. The range from high to low seen last week was the second lowest range in 7 years! If you were applying a trend following strategy to the EUR/USD, you would have likely taken on losing trades. To correct this mistake, we need to look ... (full story)