This is a post from pips29 on Likica's "TMS for m30 charts" thread.
I've never heard the rationale for trading with the trend expressed so well.
"Trading with the trend is always good. When your trade works out ,the reward is so much bigger and if you are wrong, you can normally minimise your loss..It's only when you do CT trades that will damage your account badly when trade is wrong..The whole idea is to trade with the trend for by doing so you are right until proven wrong..With Ct trade you start off by being wrong until proven otherwise...pick your option..imo I will always pick going with the trend over the other"
I've never heard the rationale for trading with the trend expressed so well.
"Trading with the trend is always good. When your trade works out ,the reward is so much bigger and if you are wrong, you can normally minimise your loss..It's only when you do CT trades that will damage your account badly when trade is wrong..The whole idea is to trade with the trend for by doing so you are right until proven wrong..With Ct trade you start off by being wrong until proven otherwise...pick your option..imo I will always pick going with the trend over the other"
Thanks for your help, warmth and straight talking Heather.