[zztop]

Originally Posted by gazuz

Cartoon : the whole point of following trends is to make the most profit out of it, not to make all the profit out of it. The key to trend following is to accept losses. A lot of people see failure in trends because of greed. If you can't accept that you won't make all the money from the trend, then you don't belong in the market. What I'm saying is you'll never make prodictions of where the market will go in the next pip etc. You can, however, make a calculated guess that it will go with the trend if there is one and hope that it will. If it doesn't follow the trend then you'll have to accept a loss. Either you make wins and losses or you can make smaller wins and avoid the losses that way, get out soon and dont be greedy.

Thats my view on the trend following. Also I have to add, what you see that is a trend in a 15M chart can be a single candle in an 4H chart, a price doesn't jump instantly, thats why you take advantage of that by catching the process of the rise (or fall) of the market and make profit from it.


zztop : I don't understand what you meant by "some said if some one cant make 10 clean pips(dont have to go with the trend) in 24 hour time ,one should start looking for other things to do". Are you saying that 10pips/day isnt enough or is enough? If its enough I agree, my post about the compounding is my proof on this.

HI gazuz yup it is I forget who say it some fx wize guy or some fx pro . It is better to lock the profit of 10 pips and compound it ,or ofcourse if some one have abetter strategy make abetter pips .