The thing is we cannot predict if it is a longterm or a short term trend. Maybe using some indicator we can tweak our SL and TP strategy.

Good article though.

I think it depends on how u r trade and timeframe u r trading on. But if u want to take every trading opportunity then maybe this article is helpful. I dun think it is easy to follow. A lot of experience is required to follow this strategy.

Yes style does matter. A good swing trader may not take short term opportunities. This concept looks to be an aggressive trading style where u need to have brave heart and high experience.

The main question lies in what kind of trader are you.

- If you are the type who wants to trail for the long run. Then you should wait for the trend to turn back down and then trade down.

- If you are like me, who takes profits off the table with a reasonable risk reward ratio. Then we will trade the current short term trend.

Yes if u can take risk, then u can go for this strategy. But the problem is what illiterate said that u cannot trade longterm trends successfully if u r a scalper and similarly u cannot trade short term trends successfully if u r a swing or longterm trader. You may not be able to read chart that well.

You see, although the long term is down. But you should NEVER trade against the current short term trend.

Because this short term may turn to a bigger trend. And this short term trend may be the indication of a trend reversal.

So, if you have a good profit taking strategy. The answer will be to trade the short term trend and not the long term trend.

But of course, the best scenario is that we have the long term and the short term trend in the same direction.

It happens, but it does not happen all the time.

So in scenarios like the above chart example. I hope you have gotten your answer!

I hope you have gain something from this quick forex trading strategies trade example.

If you find this post interesting, do comment on it!

 

Ezekiel Chew

Asia's #1 Forex Mentor

It will take a long time to understand such concepts. Trends within trends is not a new concept but to trade successfully on both of these at the same time is very hard. 

I believe that this is one of the most important and mind buggling question that most traders face.

Yess almost all traders face this question except newbies. Newbies mostly go for short term trades. They try to make a few pips profit and loose big pips in the hope of reversal.

Originally posted by ironical

 

I believe that this is one of the most important and mind buggling question that most traders face.

Yess almost all traders face this question except newbies. Newbies mostly go for short term trades. They try to make a few pips profit and loose big pips in the hope of reversal.

I remember when I started trading, I always traded in opposite direction of trend. I was always of the view that trend is going to change its direction after a few pips but it happened rarely. That is why I lost my initial account in few days. The problem with newbies is that they dont even understand trend and they most of them do not try to understand it. They just keep opening high leverage trades as if they r gambling.

A good article. I agree with the logics. But the reality is even an intermediate level trade cannot follow this strategy. It will take a lot of experience to implement this complex trading style.

I wish I could read market this way.

Originally posted by uniquetrader

 

You see, although the long term is down. But you should NEVER trade against the current short term trend.

 

Because this short term may turn to a bigger trend. And this short term trend may be the indication of a trend reversal.

So, if you have a good profit taking strategy. The answer will be to trade the short term trend and not the long term trend.

But of course, the best scenario is that we have the long term and the short term trend in the same direction.

It happens, but it does not happen all the time.

So in scenarios like the above chart example. I hope you have gotten your answer!

I hope you have gain something from this quick forex trading strategies trade example.

If you find this post interesting, do comment on it!

 

Ezekiel Chew

Asia's #1 Forex Mentor

 

It will take a long time to understand such concepts. Trends within trends is not a new concept but to trade successfully on both of these at the same time is very hard. 

 

Indeed, it needs sufficient time to better understand the concepts. Hard learning and dedication are both needed to fully grasp the them.