How to Maximize Gains When Trend Following

One of the more common forex questions I get from traders is…

“How do I follow the trend longer-term?”

In other words: How do we get as many pips as we can out of a big trend?

It’s a three step process and requires two type of profit targets.

1) A non-negotiable, parked profit target
2) A trailing stop loss based on historical price movement

The key is knowing when and how much to ratchet the stop!

With these two tools I can manage longer-term follow-through in trend for days, weeks, even months. And even when there are corrections in the trend:

Questions? Comments. Leave them here at the blog!

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