Law of Opposite

Trend is indeed your friend

• Trend is friend indeed. Overall trend shows sentiment of crowd.
• We are supposed to spot the trend and after inserting in it remain with it till its reversal. It sounds very simple and indeed it is. But if it is so simple and obvious no one should be looser in this game. It is simple but not easy.
•  One way of taking advantage is after spotting the trend observe it in one hour chart,then 30 minutes chart,then 15 minutes and finally 1 minute chart. Trade 1 minute chart for profit. If momentum is in direction of trend profit will increase accordingly otherwise stop loss will be triggered.
•  In most of the cases it works.
• Here we are talking about small profit many times with many trades in a day trading.

Let your profit run.

We have heard it a lot of time but time frame is very important in this aspect. Day traders face this situation more often than not. Always profit turns into loss. Strange are the ways of market. It seems market wants to reward you but you are not receptive at that moment to comprehend the messages of market. Your knowledge of technicalities  of  formation of various charts and their interpretations in hope oriented way endorsing the momentum of price in your favor do not come handy when market start whispering to you. What is badly needed at that time is unconditional and unbiased approach and receptivity.  

Today two times market whispered to me allowing to book profit but I became adamant to make the killing. My ego came in the way in comprehending  the clear message of the market. Consequently eventuality happened.   I could not make the killing rather market killed me for not listening to it.

Price of currency pair is going northward but I am convinced it will go southward as was the case for last 4 sessions. It started going down for some time but halted there for quite a long time to the point of impatience , if no action is going on you think you are wasting your time, neither cutting the loss nor gaining much, this dilemma needs to be watched out  attentively , for this is the situation where the probability of reversal   of the direction of trend is very high. But that will happen in future. At this very moment what is happening is the crux of all incoming information. How this dilemma be surpassed is really a challenge  that requires to be taken seriously.

We cannot control incoming information that influences the movement of price but at the same time we can discern   what market is trying to convey us in its own language of price and volume. No other language other than this one is able to tell us anything about the market. So the problem has reduced to a simple endeavor of learning that language and using the specific knowledge to trade the market.

Who will teach this language to us? No one but market. Simple tools of whatever intellect you have and basic knowledge of operating system and platform are sufficient to learn the language.

Strange things are happening all over the world.Trading of uncertainty is one of them. We are trying to make certain the uncertainty to the extent it to be profitable.Whether we trade stock or derivatives of stock in this chaotic market we always trade the underlying structure of uncertainty with a hope to make profit out of it.

It is said that you should trade what you see, not what you think. In other words you should want what market wants , not what you want. Here the you ,the ego,the left brain,the thinking mind,the rational mind,the logical mind  is detrimental to your trading. If it is so, without you,how you would trade or why you should trade in the first place.These scheme of things lead to occultism not to be perceived directly by cognition of incoming information unfolding tick by tick in the running market everyday.Again if it is so,why the hope of profitability surpasses all the known real as well as imaginary danger of going broke in time.

There must be something bigger than the biggest danger. Let us explore it keeping total attention to the very process  of exploration.  Think over it and wait for things come to you in an unpredictable way.