The TREND is your friend.. The biggest lie ever!

Buck95 said:
I also miss her valuable insights. But, last November she said she no longer trades full time. She said she had "too many irons in the fire", which might explain why she has not been around recently.

-Al
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What irons? Is she going to write a book?
 
[QUote ="kut2k2, post: 4254344, member: 36252"]Not the point. The trend is your friend precisely because it does make you money.

What the OP is complaining about is something completely different. He says the trend is not his friend because it's not around 100% of the time. He's upset because the trend is not constantly at his beck and call, like some fantastical savings account with an APR of 20+%.

Ain't no cure for those living in the world of make-believe.

P.S. the solution to his problem is simple:

Trade the trend, avoid the chop.

Trade the trend = MAKE $

Avoid the chop = SAVE $[/QUOTE]

I wasn't complaining at all.. I don't understand make believe so I don't live in that world... I wouldn't avoid chop because I trade chop and trade the trends..

What I was trying to say is that trading the trend is a losing game if the don't understand the other market conditions...
 
Don't look at price alone, look at the average to point direction of the predominant trend, prices oscillate, trends persist.

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For intraday trading one's gotta understand that a professional trader is seeking out low risk high reward times to buy support and sell resistance, because they understand that it's not so much how many times you win, but how much you win in relation to your previous or future loss.
 
botpro said:
The saying "the trend is your friend" applies to long term trends and trading, not intraday trading... ;-)
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False.
Trends exist in any timeframe. But the smaller the timeframe the smaller the range to make profits as intraday trends are much smaller than weekly or monthly trends. Because they are smaller they require more and other skills. On intraday trading you cannot miss 50% of the move, because there will be almost nothing left. Whereas in LT trading missing 50% still leaves enough meat on the table.
I trade the trend intraday and I survive. I even make money. :wtf:
 
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botpro said:
The saying "the trend is your friend" applies to long term trends and trading, not intraday trading... ;-)
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It's generally the same principles -- regardless of timeframe. :wtf:
But you also have to be aware of other variables that can potentially affect its support and resistance levels.
 
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