Dailybeam

One thing you need to remember and always take under serious consideration when it comes to trend following strategy is that you have to be aware and skeptical about the consolidations, because this is the period when the savvy investors and traders do not trade or move much. Study the trends instead and identify the highs and lows for both the upward and the downward trend. If there is a channel from 5 to 15 for the strong trend, then you can make some safe and solid steps. Entering the trend during a breakout price, or when the price pulls back is a good strategy to start with.