Sentences with phrase «because trading against the trend»

Not exact matches

Sometimes it is profitable to trade against the trend, but in my experience, it hurts you because surprise moves are usually in the direction of the larger trend.

Being patient while trading with price action goes something like this: you see what looks like a decent pin bar formation but it is going against a rather strong trend, because you know that this setup has a much lower probability of working out than a pin bar setup with a strongly trending market, you sit on your hands and pass it up, don't think anymore about it, even if it works out it does not matter because you just exercised patience, and you will be rewarded for it the more you use it.

Sometimes it is profitable to trade against the trend, but in my experience, it hurts you because surprise moves are usually in the direction of the larger trend.