Why Trading Against the Trend Will Destroy Your Account
['Nial Fuller']
Learn To Trade The Market
In light of the current market conditions which consist of some very strong ‘one-way’ trends in the U.S. dollar pairs, I wanted to write a lesson not just about the advantages of trend-trading, but also about how trading against the trend can and will destroy your trading account, if you let it. Let’s take a look at some examples of recent trades where we could have traded from value within a trend and how we would have lost money trading against the trend: The point of the above example is this: in strong trends, you need to only look to trade with the path of least resistance, i.e., WITH the dominant daily chart trend.