Is the trend really your friend?

[Remiraz]

The be all end all thread on whether the Trend is friend or foe.

It has become a sort of often spoken "fact" that "The Trend Is Your Friend". I wonder, does this belief have any prove behind it?

"Trade with the trend" or "The trend is your friend". These statements imply:

1) Entering short term trades in the direction of the longer term trend has positive expectancy.

2) Enter trades in the current direction of the trend on the same timeframe has positive expectancy.

Is this all there is to discretionary trading? Sit on our asses all day long and wait for a trend then try to enter in that direction? Or check the "long term trend" and enter all trades in their drection?

Sound to easy to be true. Anyone?

 

[easyrider]

Been there. Done this.

 

[Brandonf]

Quote from Remiraz:

The be all end all thread on whether the Trend is friend or foe.

It has become a sort of often spoken "fact" that "The Trend Is Your Friend". I wonder, does this belief have any prove behind it?

"Trade with the trend" or "The trend is your friend". These statements imply:

1) Entering short term trades in the direction of the longer term trend has positive expectancy.

2) Enter trades in the current direction of the trend on the same timeframe has positive expectancy.

Is this all there is to discretionary trading? Sit on our asses all day long and wait for a trend then try to enter in that direction? Or check the "long term trend" and enter all trades in their drection?

Sound to easy to be true. Anyone?

Until the end when it aint.

 

[areyoukidding?]

Quote from Remiraz:

The be all end all thread on whether the Trend is friend or foe.

It has become a sort of often spoken "fact" that "The Trend Is Your Friend". I wonder, does this belief have any prove behind it?

"Trade with the trend" or "The trend is your friend". These statements imply:

1) Entering short term trades in the direction of the longer term trend has positive expectancy.

2) Enter trades in the current direction of the trend on the same timeframe has positive expectancy.

Is this all there is to discretionary trading? Sit on our asses all day long and wait for a trend then try to enter in that direction? Or check the "long term trend" and enter all trades in their drection?

Sound to easy to be true. Anyone?

How else can you make money?

 

[candletrader]

The trend is ya friend till the trend does a bend...

 

[tradingbug]

Quote from easyrider:

Been there. Done this.

and your conclusion? From an inquisitive mind.

 

[easyrider]

I meant that this topic has been covered on two recent threads. Too soon to rehash it, imo

thttp://www.elitetrader.com/vb/showthread.php?s=&threadid=46620&highlight=trend+friendhttp://www.elitetrader.com/vb/showthread.php?s=&threadid=4156&highlight=trend+friend

 

[Remiraz]

so is this the holy grail?

-enter trades in the direction of the trend.

I don't think so. if it was this easy 80% of the trading population won't be losing.

 

[Remiraz]

Quote from easyrider:

I meant that this topic has been covered on two recent threads. Too soon to rehash it, imo.

oops, any links?

 

[Rickshaw Man]

The Dow on a closing basis has been in a 1% range for the last 18 trading days. And that was followed by another 1% range from the middle of May to the middle of June. Not much trending going on in the ole Dow.