Desire To Trade Podcast | Interviews with Highly Successful Traders27 Sep 2021

317: Is The Trend Really Your Friend? - The answer may surprise you - ft. Michael Toma

Is The Trend Really Your Friend? - The answer may surprise you

In episode 317 of the Desire To Trade Podcast, I sit down with Michael Toma, we discuss whether the trend really is your friend or not. Feel free to comment below with your questions to have answered during the live stream. We share an example when the trend is not your friend using Bollinger Bands and how to trade it in a reversal trading strategy.

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Topics Covered In This Episode

0:15 Introduction
0:45 Why the trend may not your friend
3:07 Statistical analysis about trending markets
5:14 Does trend trading help you "follow the big money"?
8:06 Why reversal trading may be for you
9:53 How to know when to do trend trading vs reversal trading
12:22 Results from studies about market movements
13:58 Chart examples for trending and consolidating markets (watch on youtube and below)
19:06 Why traders fail prop firm challenges
20:01 Why you should try to trade both trend and reversal as a trader
20:46 The importance of recognizing that you need to adapt to different markets
21:50 How can you figure out what type of markets work best for you as a trader
23:28 Do forex market trends more than futures?
and much more

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Resources Mentioned

AUD/USD

Desire To Trade's Top Resources

DesireToTRADE Forex Trader Community (free group!)
Complete Price Action Strategy Checklist
One-Page Trading Plan (free template)
Recommended brokers:
- Pepperstone (use our link to get a special bonus)
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Desire To TRADE Academy

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