Friday, May 27, 2011

End of trend

Trends are like old stories : they have a beginning, a middle and the end. You can't catch a story or a trend at the end. Here I got some lousy pips at the start of the move and then I missed the main part of it. Because of this, I insisted to continue long, while the steam was getting less strong. Result : two consecutive losses.

2 comments:

sahm said...

i know the feeling! sometimes we are fixed on a direction.... How do you get your trades in, do you set them up or do you pull the trigger on the spot. I am not familiar with DOM trading. I think you mentioned before you use zlt DOM. I have been wasted away on mt4 for way too long....

Mazhar said...

This is issue if we are in that we should be in fairly quickly, but if we miss out on that then the best thing is to just wait up. I am doing Forex trading with OctaFX broker where I can catch trends pretty early thanks to their cTrader platform, it’s especially develop for ECN trading and help us in so many ways which is why I always prefer it and it makes analyzing easier to allow me to catch trends.