Disagree, if you can identify both correctly, the failure of one is the confirmation of the other.
Is counter trend trading a disease?
- Thread starter Trader.Fighter
- Start date
Disagree, if you can identify both correctly, the failure of one is the confirmation of the other.
You may wish to appraise what you read by constructing a spectrum of the language sets posters use.
I track about a dozen posters to observe their progress and also to observe how a person migrates from one stage to another.
Also a common dialogue happens among those who are job seekers in the relative tiers of employment.
Your status, I would say is "stuck". And over a spectrum you are to the right of BE the profitable half of the spectrum.
Like growing tomato plants, there could be nine talent dividers in the row and the row has eight talent spaces.
Money is made by price shange and changing price is called "trending". Countertrending may be just the retrace of the dominat trend.
Anyways ........
The market's study can be divided into 7 fractals and they are interlocking.
Doji's chart shows three of the four types of trend sets: A, C and D. Most people never get to this level of discovery. For most people there are one or two types of trends. The set C is the "normal" trend. The commonly seen "counter" trend is the set A. These have a distinguishing mutually exclusive characterisitc: completeness.
Sets A through D, respectively have 30, 16, 26, and 29 elements.
Each element is distinguished by its last two relative kinds of turns. The market exhibits just three types of turns as you implied.
c is dominant to dominant.
a is dominant to non-dominant
and b is non-dominant to dominant
I'm sure you can reason why the fourth possibility does not really exist.
So why do people get stuck where they are and never go further?
Some are "good enough" (advanced beginner, so to speak).
Anxiety, fear and anger end the careers on the the left side of the spectrum.
Traders on the far right have a common characteristic: "they know that they know"
Today on the ES you can see many examples from the trend sets. At the end of each profit segment, I named the set the profit segment occupies. The end of trend names are on the independent variable as you might expect.
Jack,
As a courtesy to a man of mature age, you must value your time left, therefore, I feel obligated to tell you, I do not read your posts.
Of course there are variations, but that's because "always" does not exist in the markets.
Quote from Redneck:
Price is Always right - just sayin
RN
Ever seen a strong close, followed by a strong gap down ?
Price will be the first one to lie of its IMMEDIATE intentions.
Yes - yesterday - then it reversed back mid day
Price clearly wasn't wrong - and never is
Me trying to question it would have been dead wrong
And price didn't lie - it went down, then it went up - after it had a strong close Monday
eta;
I lied/ was wrong - it actually gaped way the hell up, then went down yesterday - but still it did not lie
Apologies
RN
Never said it can be wrong, just said it may lie.