We have discussed that trading in the direction of the trend will give you the best trades and chances for success. Even if you know which way the trend is going you should not just jump into a trade. The market will not go in one direction forever it will make some corrections or retracements from time to time. All time frames are the same the market will almost always have pullbacks or bounces that are against the trend. If a trader gets into the market without time his entry he may experience some large drawdowns on his account and yet still be right in the long run. While going through the big draw down a trader could be trading on another currency while waiting for the first currency pair to head back in the direction of the trend. That is why timing an entry is crucial. If you jump in to trades because the market is trending, you will be guilty of chasing the market.
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