Even with perfect technical analysis, traders lose money due to behavioral errors.
The adage "the trend is your friend" is a cliché for a reason. Trends represent a systemic imbalance of power. In an uptrend, buying power overwhelms selling power. In a downtrend, the opposite is true. Trading in the direction of the prevailing trend significantly stacks the probability of a winning trade in your favor. Price action trading provides the tools to identify not just the direction of the trend, but its strength and potential exhaustion points. Trading Price Action Trends- Technical Analysis...