Calico is My Kids

Daily Archive: Friday, April 9, 2021

You may have heard the saying A Trend is your Friend until it Bends. Technical Analysis helps us to identify a trend so we can jump on and ride it until it changes. Since the Forex market has powerful trends, technical analysis is a very useful technique. Some traders persist in trading against the trend; they argue with it even though price movements are obviously in a trend. Buying when the currency is in a basic downtrend or selling when it’s in an uptrend, instead of buying. Our primary purpose is to identify the major trend, intermediate trend and the short term trends and place trades in that direction. We then hold the position until our calculations suggest otherwise. Heres a quote from Jesse Livermore, [&hellip

Read Post