Is Trend Following Dead?

Do you consider that to dramatically improve your success it's important to read tons of thick books

, buy expensive software and spend hours and hours of learning more about Forex?What I'll share with you is something easy to utilize and extremely powerful simultaneously.

I want to give you one example: imagine you trade a method that makes 50% winning trades, but another 50% are losing trades. In case you raise your odds of winning by only 20%, that will make 70% winning trades and 30% losing trades.

Well, how you can achieve that?

Just select the best trending pair at the current time and just follow the trend. I have found one incredible toll that continuously scans forex and picks the best reliable trending pairs for you.By taking signals in direction of a powerful trend you would reduce unnecessary losses and increase the chances of winning. You have to know "how well" this marketplace is trending to avoid very short-term trends.

Stop hunting the market for every potential trade. Pick only the best trending pairs and periods and don't take any trading signals during the choppy market (unless you know exactly what you're doing).Successful traders keep it simple which is the way how the pros made fortunes in the markets - by trading less and making more.

Drawing trend lines is one of the few easy techniques that basically work. Prices respect a trend line, or break through it causing a massive move. Drawing good trend lines is one of rewarding skill.The catch is, since you may have already experienced, too many false breakouts. You see trend lines everywhere, however not every trend lines should be considered. It is important to distinguish between strong and weakEAK trend lines.

One good guideline is that a strong trend line must have no less than 3 touching points. Trend lines with four touching points are MONSTER trend lines and you should be always prepared for the massive breakout.Forex Trendy software automatically draws only the strongest trend lines and recognizes the best reliable chart patterns formed by trend lines.Chart patterns including "Triangles, Flags and Wedges" are price formations which will give you consistent profits.

Before the ages of computing power, the pros used to analyze each and every chart to locate chart patterns. This kind of analysis was very time-consuming, however it was worth it.Now it's time to utilize powerful dedicated computers that could do the job for you.It scans 34 Forex pairs on all time frames from minute to monthly. By doing this you select the best trending pair and timeframe at the current time.

by: darr46oera

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