One good thing about trend following, waiting time is almost non existent. Unlike buying dips, you cannot predict how far it will go down and when it finds bottom, it can be sideways for ages (feeling).
Have sold all my EUR USD, because of resistance, AUD USD is making new highs and faster.
When it makes new high, only happy investors are in and all miserable losers are out.
"I believe that far more money is made buying high and selling at even higher prices. That means buying stocks that have already had good moves and have high relative strength-that is, stocks in demand by other investors. "Richard Driehaus. Market Wizard
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