Shorting MCD (McDonald)
- Thread starter riskfreetrading
- Start date
Let me ask you this: would you buy MCD at $66? If $66 is expensive for you, where would you buy and when? If $66 is cheap, where do you expect to sell, and when?
surinotes:
1. I am well aware of the type of analysis you made, and in fact you could improve it a bit for this example. I would short when the low of bar 1 is violated (which is higher than low of bar 3).
2. If you analysis is reliable, why don't we then apply at a lower time scale and have better entries? What makes the weekly bars any different than the other bars?
I will post next some of my insights on trend, and against the trend trades.
In addition, I am using other methods analyze price (my own methods).
1. I am well aware of the type of analysis you made, and in fact you could improve it a bit for this example. I would short when the low of bar 1 is violated (which is higher than low of bar 3).
2. If you analysis is reliable, why don't we then apply at a lower time scale and have better entries? What makes the weekly bars any different than the other bars?
I will post next some of my insights on trend, and against the trend trades.
In addition, I am using other methods analyze price (my own methods).
Let me share with you an angle at trends. The major strength of a trend is that if you cannot time (or the price is not timeable), you essentially enter a trade with the trend, and wait for the wave to push you up. That is it! What you pay is the time/carry.
The best trend traders are those who enter immediately before the push comes, and usually do it when price gets to a new-high (but they are not the best, the best enter before them)
Now imagine the guy who enters after the push. That guy will have to wait a lot, and may become a bag holder if the trend reverses.
There is another secret to all this. I am going to keep it close to me (at least for for the moment).
All of you reading this thread. Could you do me a favor.
Please send a nice note to Brandonf. I read one of his threads, and I found it very human and touching, and I will appreciate it if you could join in thanking and wishing the best to Brandon.
And in case you wonder, I do not know Brandon other than after paying attention to his posts this evering but I may have read some of his posts without particular attention in the past.
Best wishes Brandonf!
Quote from ggoyal:
if you think that you need to catch the whole move to make money, u should know that you r wrong.
so basically you are saying that best traders predict a move and get in before?
Sorry that is not what I said.
1. I did not speak of the NEED of... to make money.
2. Best traders: not just get in before, but to get in the LAST moment before the big move starts.
3. Trend followers are making a prediction! Theyare predicting a continuation of the trend. Everyone who trades is predicting, whether they say it or not.