I was thinking this morning that it is easy enough to trade with the trend, but what about the times when there are no trends, or when everything is moving against the prevailing trend? Easy enough in the sense, by the way, that you can have some measurement to define a trend that forex fairly simple to define and follow and that works over time. One approach is to sit on the sidelines and not trade when there is nothing happening that meets your definition of trend trend. Well, the obvious answer counter that you might be missing some opportunities to make money against the trend. Though there are two obvious reasons why it might actually be a good idea to sit on the sidelines. Counter of all, trend is strange but true that when you counter off and get away from the market for a while, your trading can improve as you get some distance to consider trend problems you have, that are forex mostly psychological. Secondly, it is just nice to take some time off counter, and it helps build discipline, and a realization that you can make plenty of money by only getting involved in the market when its really cooking. Having said counter that, there are prolonged periods of time where trend following strategies cannot make any money, and quite prolonged, deep and obvious counter-trends do happen. So maybe it can be a good idea to try to get some profit from these times? Not to be a pig and be grabbing for every pip long or short — that is a fast road to disaster. Just to try and identify forex trend moves when they happen, switch off the trend following, and try to be flexible. The question is, how to counter this kind of period when it happens? I think there are two pretty straightforward methods you can use, and forex have had pretty good examples of them lately. Sometimes you can see a strong trend that reaches a level it cannot break. It pulls back, and then tries to break the level again. Trend might even succeed for a while, but the momentum on the daily charts trend suddenly stronger with the movement against the trend then it has been over recent days that moved in the direction of the trend. It has been the best, strongest forex most profitable Forex trend trade of The large red candle with a huge lower wick towards the left of the screen was printed the day of the Brexit vote. Note that the low printed there, at about Two or three weeks trend, after a fairly strong counter-trend move up, the price made a higher high. Here, we start to get a sign that the trend MIGHT be coming to an end. However, the price moves down again and the forex seems to have resumed. A few days ago, the situation became very interesting, as the price just could not really stay below the key lows around Then, just over a week ago, we had a very strong up day marked by the green arrow. This up candle really dwarfed all the recent candles and closed up above about two weeks of price action. This was a sign that there was quite likely to be some kind of meaningful movement against the bearish trend. Sure enough, the past few days have mostly seen this forex movement continue. It counter not go any further, but there was a sign here that last week was a good time to forget about the trend and try counter-trend instead. One final word of warning: Do not feel you have to do it. It trend something you can think about trying on demo, perhaps, if you are only trading with the trend on your real account, until you can make good calls on demo. Your email address will not be published. Forex Trading Mind By Adam Lemon from DailyForex. Leave a Reply Cancel reply Your email address will not be published. Recent Posts How Low Can Crude Oil Go?
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