I think trend follower can success if they can always update analysis and have good understanding time price will move vice versa, so they can determine best timing to enter and exit, but because trend market very dynamic and easy to changed, trend follower also not always success I think.
Yes I am also ever hear about this good quotation, cut our loss early and let our profit run, in trading forex also we need to dare cut loss if we look trend market already out from expectation, but if we look order following trend hence we an waiting untl the trend being overbought or oversold.The old saying we have heard so many times..Cut your losses short, let your profits run..applies a lot here..
You are right, twin butterfly.
Trend theory can help to open the deal in right direction but you enter after first movements, so late. But if use trend theory with different methods of determination of market reversal, you can predict start and the end of the trend. Also we can use support and resistence levels for it.
For me to combine different approaches and theories - it works the way. Sometimes I use the trend theory together with indicators, sometimes I use the wave theory and reinforces its trend theory. Because the wave theory can show when the trend will be a breakthrough.You are right, twin butterfly.
Trend theory can help to open the deal in right direction but you enter after first movements, so late. But if use trend theory with different methods of determination of market reversal, you can predict start and the end of the trend. Also we can use support and resistence levels for it.
If any trader already have good skill to analyze trend market with high accurate, making profit will seems so easy, and to get this skill required experience and knowledge.Getting to know about the correct trends in our trading will only help us as that will let us do our trading with some success. Trends are the ones that will decide how much income we can get
Very true. I can say that trader mast learn all types of strategies and tools for forecast of market. But he must choose one and develop it to max. Other - for help and confirmationAll traders should have a good skill to trend analys. Because it is the base of the trading.
Learn many kinds strategy maybe will good ro broaden insight, but as trader also need to learn the trend market behaviour which sometime movement of trend often changed, and if any trader understand with trend market hence they can adjusted strategy following trend marketVery true. I can say that trader mast learn all types of strategies and tools for forecast of market. But he must choose one and develop it to max. Other - for help and confirmation