Search results

No pre-set number of days, though its often the case that in some markets a certain number of days with consecutively higher closes is about as far as it goes. I exit on weakness, get back in when weakness ends. Its OK by me if I get out at tea-time and set a new entry order at bed-time.

I mean the time-frame which gives me the set-up and which demonstrates a decision point for taking a long or short entry. So if I'm long-term trading, and the daily chart shows an uptrend, I will typically enter long on a pre-set order just above the high of a daily bar with a high lower than...

I never look at shorter time-frames than the trade's time-frame.

Most traders who suggest TA doesn't work are chasing reversals. Most that I have had contact with start out using TA for no other purpose. Give yourself a chance and look for trends: follow them: get out when they pull back: stay out if they go into consolidation: get back in again if they...

Yeah, ethics isn't much to do with this. Its a matter of internal politics. Although, maybe there was something more serious (more embarassing for the employer) and the sandwich issue was a good black-and-white basis for suspension. But either way it puts in mind of Machiavelli (I think it was...

Going straight to the nuclear option was the right thing to do. If the bank had confronted him he'd have denied it. Then they'd have had an employee with access to all their systems plus a grudge. Who wants that?

You're right. I've tried ot for periods of weeks now and then but it never works longer than a week (if that) for me. I am trialling 30 min bar trend-following with ladder / pyramid trades and its a lot more consistent and less risky (and less work).

Most traders are seeking reversals at the very start (or before the start) of new trends, they are not looking for established trends to join.

I don't care what it does when its not in a trend. I don't trade a market if its not in a trend.

Yes, I don't disagree. Most of the time, price is not moving in a trend. Many people say only 20-25% of the time. Which makes trend reversals - from up to down, or from down to up - all the more uncommon. When price is in a trend, there are if I remember rightly, 7 things price can do next -...

Well if you're taking into consideration long-term trend plus the day's early price action, this clearly isn't a shot in the dark. You're being too modest (or too apologetic). The problem always arises eventually - I see that the long-term the trend is up, but so far this morning the trend is...

I spreadbetted the Dow short again and again all day Friday. I never short the Dow long-term and right now I'd need to see a bounce and then a higher low before getting back in long long-term. Otherwise, I'll just keep buying or selling with the intra-day trend. Long-term I am short EUR/GBP and...

Once in a trend, I fully accept the last trade in a series of trend-following trades will be a loser, or will be trimmed the top part of its profits - but that doesn't make trend-following as a strategy a non-starter. Traders over-rate the danger of trend reversal. Most price moves in a trend...

Friday was a fantastic day for shorting US indices. I ran 20 consecutive (some overlapping) shorts on the Dow and on a day like Friday its quick easy money. For me, the milestone for a down day was when price closed below my yardstick EMA in the am, UK time. but what will be your indicator at...

A truly interesting collection of films. Nobody is what they seem. even the people who are what they seem are of course actors. Even sometimes the actors are not actors - Hitchcock played an extra playing a bit part in many of his own films. Some of his films have the most psychologically...

There's a range of choices available for pyramiding an existing position. The method I was referring to is conventional. Suppose your original long position is opened and goes into profit. The position has a stop-loss below entry which would incur a loss of 2% of your account capital if hit...

I don't know enough about options to advise on pyramiding them, sorry.

I accept there's room for interpretation here as to what benefit means. But generally, what's good for a country's economy is good for the people who work within it.

If a part of the western strategy is to keep the ME states divided and keep their militaries weak, so they cannot ally against a western partner or make aggressive moves towards their neighbours, its working very well.

I cannot think of a TA-based set-up which would deliver a positive expectation of a 1:100 r:r from a single trade. But I do know that you can achieve this if you pyramid your original trade in a strong trend. Calculations I did a while back were based on adding a similar-sized trade when the...