ARE YOU KIDDING ME?what can be more simple trend following than this? everything comes to him that waits.
not fooled by random market and by technical analysis
- Thread starter padutrader
- Start date
Oh come on padu, I gotta' call BS on this. What trend is THAT?!?
It is spike down, spike up, spike down, and spike up again, as of this typing. That is not a trend, that is lollapalooza heavy metal stuff.
well do not trade it then?has the mafia got a gun to your head forcing you to trade it?
and if that is bitcoin then it is BS
It is not bitcoin, it is NQ. What I am saying is, that is not a trend. It is lopsided crazy stuff. Where do you see a trend there? And do you not notice how your Forex moves are identical in pattern to the equity index?
What trend?
that trend
a trend need not be 3-4 months long incidentally i closed my long at the close of the 'spike'
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Yes yes, I see the "trend". But I was focusing on the trend break, which is all that falderal at the end. Ug.
'a trend line break how ever major is not end of any trend........a test of the high and reversal with lower high or higher high is the signal for a reversal.
if the markets moves well past the previous high surpassing it by a big amount then you have to wait for another major trend line break and another test of the high.'
this is not me it is Brooks
it may not seem like him because he never says anything so simply:it has taken me 12 years of study to condense it into one paragraph.
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i just go with what i feel is likely according to my analysis of context.
if the unlikely happens, i depend on my stop,which is wide always , or mostly i cut and run.
i do not follow of the fashionable practice of tight stops.....not because it is wrong but because it makes me tense that it may trigger.......usually i cut my position long before the stop is threatened.this is a personal habit
nothing that i feel is brilliant strategy
if the unlikely happens, i depend on my stop,which is wide always , or mostly i cut and run.
i do not follow of the fashionable practice of tight stops.....not because it is wrong but because it makes me tense that it may trigger.......usually i cut my position long before the stop is threatened.this is a personal habit
nothing that i feel is brilliant strategy
most of the time, the market itself does not know where it is going, so waiting for the market to figure itself out [and not trying to figure it out by myself] is what i mean by saying'what i think is likely'.
i use only the chart with a ma to help.
i focus on context to decide trade direction-what is most likely or likely-and then look for an entry set up and i use wide stops -this last is personal and is discussed in detail in post no 208.