Can this type of thing happen when you are trading with the trend? Yes, it certainly can! However, when you are trading with the trend such violent moves don't seem to go against you quite as often. The bottom line is, it is tough enough to be a successful Forex trader without being led around by computer programs that induce you into bucking the trend.
Despite of what some market gurus want you to think you can't know, with 100% certainty, what the market is going to do, or when, the good news is that you don't have to know to have a profitable career as a forex trader. Trading is a game of odds and your job is to keep the odds in your favor. Here are some ideas I would like you to consider:
If you could predict, with 100% certainty, the currencies moves there would be no market for you to trade. It is the uncertainty of the future that makes this business possible.I have seen many people lose a good trading opportunity just because they were waiting for a perfect entry point; and lose all their gains just because they "knew" where the market was going to swing. There is no way to know how low or how high the market will go. If you don't understand this you are going to lose a lot of money.
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The forex market moves how and when it wants to. There is no point in trying to seek the perfect time. You should try to flow with the market's tide. Trying to outsmart the market is very dangerous and can bring serious costs.
Price moves randomly on short-term time frames. There is no way to know where the market is headed in the immediate future. If you want to scalp the market you could just as easily flip a coin and have the same success rate.
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