The most important part of trading - especially with true trend-following - is stalking your prey very very carefully. The next is controlling loss.
Trend followers suffer heavier controlled losses - but also enjoy far greater gains - than those who rely on targets-based methods of trading. It is certainly not for 'everybody'. Only about 20% of all traders are...
In this screencast I show how waiting for a key position in the market is good idea. As I always say, 'Stalk 90% trade 10%'.
The CAD - often referred to as 'the Loonie' (not by me) has been in some trouble across many currency pairs. I'm not interested 'why'. All I care is where the trend is going and key areas of opportunity and probability.
As strange as it...
