October 8, 2015 at 10:55 am
I have been using trend lines the last couple of weeks with little success. Taking trades from the trend line is alright, but when the trend line breaks, I usually think that the trend has changed and I start taking opposite trades. Most of the time it will be a false break through the trend line and the market will carry on with the original trend. How can I avoid making this mistake in the future? How can I know when the market has genuinely changed direction and not just a fake out?