I choose to only trade the strongest trends I can find not only so that I am trading with massive momentum behind my decision, but also so that I am in the market for the shortest time possible. It is a deceptively simple idea, but one that is very powerful. The specific term for the risk of being in a trade is market risk.
You will not always find a parabolic trend in your chosen time-frame(s) over the 20+ pairs you choose to trade, and that is both good and bad. It is good because it will keep you out of the market the majority of time, and it is bad because it may leave you frustrated and sometimes bored.
Please keep in mind also that a characteristic of forex market action is that often many markets will trend in unison, and the opposite is also true, that in quiet times often few if any markets will be trending strongly.
You will often therefore find either a famine or a flood of trading opportunities, and that is entirely in line with what you should expect of the market.
The point I want to reiterate is that when you are in a trade, you are exposed to risk - and so in order to minimise market risk, you should ensure that you are in the market as little a time as possible and that your time in the market is most efficiently used.
One good way to do that is to only trade parabolic trends.
