Trend is your Friend : WHY ?….with Real Trade Proof explanation

By | June 9, 2018

Trend is your Friend : WHY ?….with Real Trade Proof explanation

Many of you might heard old saying that
“Trend is your Friend” ,
“Always trade in direction of long term Trend” ,
“Never go against Trend”

But nobody explain :
1.Why To trade in direction of long term trend ?
2.How To identify Trend (Objective definition of Trend) ?

Let me explain first : WHY trend is your friend ?
    My Intraday trading strategy is very very simple , I just find important psychological level on chart and once that level break with volume , I enters my trade. That much simple.

On 4th June 2018 , I found that important psychological level has been broken in Justdial and Granules , Plz have look on chart ….


But when I look on daily chart to find out TREND , I come to realization that :
In Justdial on Daily chart , Trend is UP
In Granules on Daily chart , Trend is DOWN

One of trading rule is “Trade in the direction of long term trend “

In Granules ,
In Daily timeframe : Trend is DOWN
In IntraDay timeframe : DOWNside Breakout
So, I enter trade in Granules.

But,
In Justdial ,
In Daily timeframe : Trend is UP
In IntraDay timeframe : DOWNside Breakout
So, I didn’t enter trade in Justdial.

Lets see what happen after that :
In JustDial,

In Granules ,

Here is REAL TRADE PROOF with exchange execution order number and with executed status.(Along with net integrated position of the day)
04 June 2018
Number of scripts traded today : 04
Number of scripts end in PROFIT : 04
Granules : Risk to Reward Ratio Achieved is 1 as to 5

To see more REAL TRADE PROOF with exchange execution order number and with executed status.(Along with net integrated position of the day) Since December 2016 kindly CLICK HERE

 So, conclusion is – To get high probability trades always trade in direction of TREND

This is REASON – WHY – Trend is our friend……

Now challenge before us is HOW to know TREND ?

For  that we have to go through 2 steps :
Step I : Define TREND
Step II : Identify TREND

If you ask for definition of trend ,  then it is very simple :
UP TREND : Series of higher highs and higher lows
DOWN TREND : Series of lower lows and lower highs

This is theoretical definition of trend.

You need to know practical definition of trend , then only we will be able to identify Trend in Live market. To know more about this kindly CLICK HERE

 

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *