Trading Career Experiences and the Price Trend Technique: A Powerful Secret to Closing Profitable Positions
In the highly volatile world of financial markets, understanding real trading career experiences and applying the right price trend technique can make the difference between profit and loss.
Hi! I’m Omid Haghdoust, and here on my website, I’m sharing my personal experiences in trading. I hope these insights help you in your own trading journey. Stick with me and feel free to leave your thoughts at the end of this article.
One of the most important lessons I’ve learned in my trading career is to always open positions in the direction of the market trend. Based on my own experiences, most positions that follow the trend are far more likely to close in profit. This is because you’re moving in line with the market’s main forces—especially the “whales”—which often cause strong upward or downward momentum.
If you’ve faced repeated losses in a short period, chances are you’re trading against the trend. Properly identifying the market trend is the foundation of every effective price trend technique.
How to Identify the Market Trend
In any price chart, the market typically moves in one of the following three trends:
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Uptrend
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Downtrend
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Sideways trend
To make informed trading decisions, several tools and techniques can be used. Here are some of the most effective methods:
1. Drawing Trendlines
Trendlines accurately show the price direction over time. The points where the price touches the trendline often act as key support or resistance zones.
2. Trend Channels
Drawing price channels is another essential price trend technique. These channels clearly outline the highs and lows in a step-like formation, revealing the overall trend.
3. Using Indicators
Indicators such as the Supertrend and Bollinger Bands are widely used for identifying market trends and have proven effective in many trading career experiences.
4. Candlestick Patterns
Candlestick analysis is another powerful tool. Patterns like engulfing candles that appear at the beginning of a trend often indicate strong upcoming moves.
I’ve personally experienced the downsides of trading against the trend—and unfortunately, those trades usually ended in losses. That’s why I strongly believe that trend-following trades have a much higher chance of success. If you want to consistently close your positions in profit, spend more time analyzing and identifying the trend correctly.
Also, pay close attention to price reversals and potential breakout zones. If you trade based on chart patterns, analyze how and where the price might break out of its current structure.
Remember, real experience comes from action. No matter where you’re from, feel free to share your own trading career experiences related to trend-following in the comments below.
I hope my personal journey and focus on the price trend technique proves helpful for your success.
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