Without following trend, you can’t catch the flow or movement of the market but it doesn’t mean a certain trend will stay alive all the time.
Trend in real time is a pure illusion. The best thing you can see is a high probability of long (uptrend) or short (down trend) bias within a short period of time.
Absolutely, while "the trend is your friend" is a common phrase, blindly following it without a solid understanding of market conditions and risk management can still lead to challenges. Trends can change, and markets can be unpredictable. Successful trading involves more than just following trends; it requires a comprehensive approach. We need to consider factors like market analysis, risk management, and adapting to changing conditions.
The concept of trend in Forex. For some, it's an upward trend, for others, it's the correction of a downward trend. The important thing is not knowing where the price will go, but ultimately making money. Knowing where the price will go feels like falling into an illusion, akin to hunting rabbits. Also, the trend phenomenon directs you to a single currency pair, but why be enslaved to the preference of one when there's the option to pit two currency pairs against each other.
Because many traders perceive each pullback or price correction as the end of the trend and place trades in the opposite direction, while the trend continues and takes their orders into the minus.