Traders life is a long way to go to be successful. However, to get to
your destination quickly, you have to choose your own path. Reversal
trading and Trend trading are two opposite turns, but with the same
destination.
Today, I will evaluate the trend trading so that everyone has a detailed view of it.To get more news about
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Trend trading is following the crowd
There is a saying “A living fish wades upstream, following the water
downstream is dead fish”. This is a philosophy in life. In trading, on
the other hand, following the trend, you can make a lot of money, the
opposite is still profitable but it will be more difficult.
From there, I choose the easiest way to make my investment. You can
look at an example when there is an uptrend, candlesticks are mostly
bullish (green). So if you open a HIGHER order at that time, the odds of
winning will be increased significantly
Neither you nor I can resist the trend. Verifying an exact reversal
point in a trend is like looking for a needle in a haystack. Then, why
don‘t we choose a “less difficult” method? It is simpler, when the
market is in an uptrend, to open a HIGHER order, and when it’s in a
downtrend, to choose a good entry point for a LOWER order.
This is both easy and money-making. So why dont we choose it instead
of the hard way to make money. Remember, we need to maximize profits,
not necessarily make it difficult for ourselves.
Find a trendy entry point using the Alligator indicator
Trend indicators are numerous but in this article, I use the Alligator
indicator. Based on the indicator, you can know whether the market is
in an uptrend or a downtrend. Finally, choose the retest point to open
the order, which is my favorite transaction point. With a few simple
operations called market setups, you can increase your odds of winning.
Stay calm while waiting for the best opportunity. That is where you
have the highest probability of winning and the lowest risk.
Review trading orders using the Alligator indicator in Trading
1st order: Uptrend + The price tested the support zone => Opened a
HIGHER order with an expiration time of 15 minutes for $200.
Two orders are enough for 1 week because I don‘t spend all my time
making profits in trading. I still have other main jobs in my present
life. Sometimes, I encounter great orders while resting, that’s when I
“take action”. It doesnt matter if I win or lose because I have already
accepted the risk in the beginning.
This review is short, but I want it to leave you with a sense that
trading more is not necessarily good. “Less is better”. Just like this
article, it is short but enough for you to understand. Do not be
engrossed in front of the screen looking for a profit but forget the
good things around.
The Wall