Today’s forex market blow out is more proof that trend following is the only way to go. My portfolio was poised to take every single pips from today’s massive moves. Only one of the assets in my portfolio lost ground, and it is an insignificant loss. The rest or the portfolio was already in the market in the right direction. Following the smart money is THE KEY to long term wealth building.
Some of you happily grabbed your 15 or 20 pips today. Many of you lost money. Some of you, and I hope not many, lost a lot of money today. Be honest…how many of you tried to catch those reversals when you thought the market as over bought or over sold? How did your fibs, harmonics, and pinbars treat you in this move? Those things dohave their place. I actually use all of them in my trading. But there is no disputing the following fact: Trend Followers, my subscribers experienced massive gains due to today’s volatility. They were already in the market in the right direction, poised and waiting for this explosive move!
Why does trend following work? I works because trend followers are not trying to predict the next move. We’re not trying to figure out when the market will turn. The market is NEVER OVERSOLD/OVERBOUGHT! There’s always room for it to move. Trend Followers accept that fact and profit from it. They profit from it month after month, year after year, and decade after decade. We take our losses, and take our wins. No bias, no emotion, no opinion. Just rules.
The big money…the smart money, moves the market. They have access to the best information that money can buy. They trade tens of millions of dollars. They’re not going to do that without having access to excellent information.
I’ll publish a video tonight to recap today’s moves. Enjoy your profits!
Tim Barnby
TrendFollowerFX