How To Find Trend Trading Opportunities
Trend trading is a style of trading. It specifies what you are looking for when trading a specific market.
Style
Trend trading sets you on a path to looking for a clear and defined uptrend and downtrend. Anything outside of that realm is no longer considered trending.
A clear uptrend defines price forming a path of repetitive high prices called higher highs(last highest price to buy an asset before price declined) and higher lows(last discounted price to buy an asset before the price increased).
While a clear downtrend defines price forming a path of repetitive lower prices called lower highs
(last highest to buy an asset before price declines to a new discounted price) and lower lows(last highest(cheapest) price to buy an asset before price increased.)
If you desire to be a trend trader you want to see the market creating a clear and defined uptrend or downtrend to call it an opportunity.
Ignore the drama
The next best thing to do is to avoid assets that are not trending. I prefer to trade the forex market. So, if I see any currency pairs absent of a clear trend, I immediately move on to the next pair.
It's better on my mind to wait for my opportunity than to create one out of thin air.
The more pairs that are not trending the better. This way, I have a small group of currency pairs to watch and trade.
Limit the small mindset
I have no idea what trades will win or lose. When I'm in my right frame of mind I don't think about the opportunity not working instantly. Which is why I swing trade. I like to lose my money slowly vs. fast as a day trader.
It helps me stay clear of telling myself I'm wrong on a daily basis.
I found I focus better on the outcome of the trade when I remind myself the market will tell me that I'm wrong.
This way, as every outcome plays out I can handle each winning trade and losing with little emotion as possible.
Is this always easy to do? Nope! I'd dare not fool you.
But it does make it easier to setup for the next series of trades when I only focus on my "trend trading" opportunities.
Quick recap
You'll do better to find trend trading opportunities by focusing solely on currency pairs that are trending and ignoring the ones that are not.
Its wise to limit your mindset by believing you're wrong choosing to trend trade. Let the market tell you when your setup is wrong vs. you telling yourself you're wrong before the trade plays out.
This allows you to focus on the outcome of the trade to being overly emotional.
I really hope this helps and that you were able to find a gentle takeaway.
If you enjoyed this read, please like the post and comment on what your takeaway was.
Happy trading 🧡
Shaquan
Style
Trend trading sets you on a path to looking for a clear and defined uptrend and downtrend. Anything outside of that realm is no longer considered trending.
A clear uptrend defines price forming a path of repetitive high prices called higher highs(last highest price to buy an asset before price declined) and higher lows(last discounted price to buy an asset before the price increased).
While a clear downtrend defines price forming a path of repetitive lower prices called lower highs
(last highest to buy an asset before price declines to a new discounted price) and lower lows(last highest(cheapest) price to buy an asset before price increased.)
If you desire to be a trend trader you want to see the market creating a clear and defined uptrend or downtrend to call it an opportunity.
Ignore the drama
The next best thing to do is to avoid assets that are not trending. I prefer to trade the forex market. So, if I see any currency pairs absent of a clear trend, I immediately move on to the next pair.
It's better on my mind to wait for my opportunity than to create one out of thin air.
The more pairs that are not trending the better. This way, I have a small group of currency pairs to watch and trade.
Limit the small mindset
I have no idea what trades will win or lose. When I'm in my right frame of mind I don't think about the opportunity not working instantly. Which is why I swing trade. I like to lose my money slowly vs. fast as a day trader.
It helps me stay clear of telling myself I'm wrong on a daily basis.
I found I focus better on the outcome of the trade when I remind myself the market will tell me that I'm wrong.
This way, as every outcome plays out I can handle each winning trade and losing with little emotion as possible.
Is this always easy to do? Nope! I'd dare not fool you.
But it does make it easier to setup for the next series of trades when I only focus on my "trend trading" opportunities.
Quick recap
You'll do better to find trend trading opportunities by focusing solely on currency pairs that are trending and ignoring the ones that are not.
Its wise to limit your mindset by believing you're wrong choosing to trend trade. Let the market tell you when your setup is wrong vs. you telling yourself you're wrong before the trade plays out.
This allows you to focus on the outcome of the trade to being overly emotional.
I really hope this helps and that you were able to find a gentle takeaway.
If you enjoyed this read, please like the post and comment on what your takeaway was.
Happy trading 🧡
Shaquan
