We had a magnificent L3 Session Friday morning. In this session we investigated all the major pairs and some cross pairs for possible trades. We are always planning high odds trades using the vast ocean of knowledge we have obtained from the markets. One of the key things that has given us a creative edge is the way we identify the market trends in order to take advantage at the right time.
You may have seen various ways to determine trends throughout your trading career. At the school ( https://www.whiteoakfx.com ) we have very specific rules that we will love to share with you. I can tell you now that, the way we identify trends are unique unlike any you have ever seen before. For example, because of what we are seeing on the Oil chart right now, there is a very good trading opportunity setting up.
Knowing what trends are in play and even more important, which time frames have trends will determine the risk we will put on a trade. It also tells us when to trade and when to stay out of the market. Even if there are no trends, there are specific signals and dynamics we will wait for before we plan any trade.
Conclusion:
Knowing when to trade is as important as knowing when not to trade. Your ability to know when is proportional to your degree of understanding of market trends. This unique skill takes time to develop and will keep you out of many loosing trades.
Would you like to know how to determine trends the right way? Do you want to know how to stay out of loosing trades? https://www.whiteoakfx.com