trading strategy which is popular amongst seasoned traders is that of trend trading. This strategy works on the basis that the trend is the smart money and as a trader you greatly improve your chances of being a passing trader if you can learn to follow the smart money.
This strategy is much harder to implement than that of using indicators to trade, because there is no guaranteed way on how to identify the trend.
The basic premise is that all your trades should be placed in the direction of the major trend. Never trade against the trend. Some traders believe that you do not need to worry about when and where to enter, provided that your trade is going with the flow of the market you should have a profitable trade because it is with the major trend. It may take many hours of screen time watching charts before it becomes possible to implement this strategy.
