Disliked{quote} Hereunder you will find a Good Advice from Trader / FF poster Crucial Point : Trade Only With The TrendThis is my number 1 and golden rule. The most important rule of my strategy and the backbone of my trading success: Trade only with the trend. It is unacceptable to break this no.1 rule. If I can't stick to this one important rule, then I am no different to the amateur/mediocre trader. This is the fundamental rule of all; Trade only with the trend. If I can't execute one simple rule, then I am not a professional. It is that...
Ignored
Even as late as this past week, when I analyses the few trades that went against me, it was all because I was on the wrong side of the prevailing trend, thinking I knew more than the market.
it is for that very reason I use tight stops, otherwise some of those bad entries would have cost big dollars.
As a side note, the 5 CMA Hurst chart on the 1 minute chart is very robust in telling the current trend, in fact I would have to say one of the best tools in our toolbox.
Anyway, Parisboy, you are providing a real service by sharing your knowledge and background with new and even veteran traders, if only we listen.
Ingvar (Swede)
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