Posted by: joetradingplace | February 12, 2015

Testing Trends

As a trend follower, I always test if its a start of a new trend by placing trades using half my position, and then when the trend is confirmed, I load the full positions and begin to add more on pullbacks (up trend) or rallies (downtrend). Trend trading is very profitable and has proved for years to be profitable. Buy in and uptrend and sell in a downtrend, add more if the market keep moving in your direction. You might have a few losses trying to catch the trend, but if you let your profits run you will be profitable. There is a lot of sitting and waiting because i use the hourly chart and the 4 hourly. Charts from open trades shown below, profits have been locked in.

Audusd short
2015-02-12_13-59

Gbpjpy long
2015-02-12_14-02

Gbpaud long

2015-02-12_14-01

Usdjpy long

2015-02-12_14-03

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