Tag Archives for " day trding "

The Trend Is Your Friend

The trend is your friend isĀ  true in trading. You will find that there is major and minor trends on smaller time frames within major and minor trends within higher time frames. Today showed me that the smaller time frames was not in control (1, 5 and 15 min). The market ran up overnight due to Greece and the IMF coming to an agreement over Greece debt. In this type of environment it was hard psychologically to go long on such an extended rally and so the brain thought short short short but the market gave little room for downside and alot of room to get stopped out. Happy Trading