THE TREND IS YOUR FRIEND. never fight it. disregard that at your own prerogative.
why?
your best trades go with the trend.
the trend increases your win rate, reward and minimizes draw down.
even if your trades fail, they would be lesser than otherwise.
make use of pullback as an opportunity to ready yourself ahead of the market to join the trend.
your biggest losses came from fighting the trend.
traders going against the trend should seriously ask themselves why.
make use of multi time frames.
most traders are focusing in the lower time frames zooming in. ZOOM OUT even in lower time frames.
that's why i have only one direction trades most of the time each single day.
unless i encounter daily support n resistance and multi time frames confluences.
why?
your best trades go with the trend.
the trend increases your win rate, reward and minimizes draw down.
even if your trades fail, they would be lesser than otherwise.
make use of pullback as an opportunity to ready yourself ahead of the market to join the trend.
your biggest losses came from fighting the trend.
traders going against the trend should seriously ask themselves why.
make use of multi time frames.
most traders are focusing in the lower time frames zooming in. ZOOM OUT even in lower time frames.
that's why i have only one direction trades most of the time each single day.
unless i encounter daily support n resistance and multi time frames confluences.
ITB - Seeing Orderliness amongst 'Randomness'
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