I hate strong trend days

[padutrader]

Nope, the market was mostly in range mode before that (this is a 5 min chart).

well it would have hit a 15 min trend or a 30 min trend in the opposite direction.

markets are not random.....they follow the actions of traders

 

[Tradex]

trade the blue trend until it hits the yellow trend......what is there to like or hate.. IT IS THERE
https://www.tradingview.com/x/lCGlbiKY/

Padutrader, I respect your 13-year study.

However, for every trendline chart that "works", I can show you 19 other charts where it did not work.

Making money with subjective chart patterns is not that easy. Plus it is almost impossible to backtest them.

 

[SanMiguel]

Yes, but there is no way of knowing that it is indeed a trend day, in real time.
In fact most major reversals start with strong initial trend moves in one direction, only to go the other way later.

Yeah but then you're getting short and getting out and reversing if so.
The truly bad day with that strategy is a ranging one that bounces off s and r multiple times.

 

[Tradex]

Yeah but then you're getting short and getting out and reversing if so..

Sure, but how do you know it's not a simple pullback?

 

[padutrader]

Padutrader, I respect your 13-year study.

However, for every trendline chart that "works", I can show you 19 other charts where it did not work.

Making money with subjective chart patterns is not that easy. Plus it is almost impossible to backtest them.

if it does not 'work' it will work in the opposite direction.....trends will change but it can only go in the one direction.....

there are other things that have to be seen like ABC movements.....but the general idea is trends

 

[SanMiguel]

Sure, but how do you know it's not a simple pullback?

Depends on your MAs and timeframe but if it breaks the MAs and your MACD indicates then you reverse. On the trend days it will usually keep bouncing with the trend and not break the MAs.
But yeah, you get crucified on the whippy days being why you have to couple with sentiment and news

 

[padutrader]

I can show you 19 other charts where it did not work.

ok please do

 

[padutrader]

Depends on your MAs and timeframe but if it breaks the MAs and your MACD indicates then you reverse.

why do you need macd

you can see the trend and that is all that matters

 

[padutrader]

Sure, but how do you know it's not a simple pullback?

everything is mostly a pull back if you go and check other longer time frames

 

[padutrader]

Here is what looks like a super uptrend day in progress.

does anybody trade on the basis of what.... 15 bars..?

is that a super up trend?