True Trend Indicator

True Trend = determines the greater trend of the currency pair in place.

We use the True Trend to keep ourselves in a trade for the entire move of the trend.

1. We always and only trade what is on our charts on the time frame we are trading and according to our trading plan.

2. We never pay attention to any news event being price always prices everything in and we are trading and reacting to price.

You just cannot approach trading in a manner where you think you are smarter than the market.

Along with our entry and exit rules we place a high importance on our money management. Our position sizes and risk/reward ratios. If a series of trades stop out our loss is minimal and because of the high risk to reward we are using on each trade  we know it only takes a couple of winning trades to recover from any draw down.

In other words, we expect to have losses and our trading plan is set accordingly.

To sum it up, I have no idea what is going to happen in the markets ever so I am just following my trading plan! All of the work went into developing the trading system. If you are not trading a well developed plan you are trading subjectively all the time and will continue to blow out your accounts losing money.