Chop vs. Trend

kut2k2 said:
Use Perry Kaufman's efficiency ratio, the perfect trend indicator.

Use the unsigned version.

If it's greater than +1/3, you're in an uptrend. If it's less than -1/3, you're in a downtrend. If it's between +1/3 and -1/3, you're in the chop. :cool:
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Why is it perfect?
 
effkay said:
Isn't that the point of trend trading? Late in late out, catch the big part of the move? So getting in late should never worry a trend follower in my opinion.
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Good points/profitable points.
""Never worry??'' OK/LOL but sometimes JAN +FEB 2009 can happen.
I used to read Mad Magazine as a kid. Alfred Newman's favorite line = ''WHAT/me worry??'' LOL:D:D:D:D:D:D:D
 
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