Quote from sonyericson:
While there is some truth in Jack's post---- what a tremendous amount of complication for such a simple situation.
terrible
There may be a need for me to get my point across on a different level of reasoning.
The higher highS and higher lows for long and vice versa is stupid and senseless. In a word it is terrible and bizarre. If you are a chipomunk, it is kindred to a rotten nut. If you are Trader666, you can test it and think it works. If you are a moderator, you would not move it to chit chat.
Trends begin and end. A trend is onward going when its volume is DOMINANT.
A trend begins, goes forward in three moves: dominant. non dominant and dominant and then it has ended. For a long trend, the first and third portions have higher highs and higher lows.
LOOK AT THE SECOND PORTION. IT IS NON DOMINANT AND MEETS THE DEFINITION OF THE AIR HEAD WHO POSTED the stupid sensless definition. BUT IT IS NOT A SHORT TREND. HIS DEFINITION IS FUCKED UP, IN OTHER WORDS. HE DOES NOT KNOW THIS IN ANY WAY OR FORM.
Anyone can, after a while get it straight in his mind that a trend has three moves. He can also figure out that after the intitial move, RETRACE OCCURS, Then the trend resumes in the dominant direction in its third and final movement.
My explanations just happen to be science, problem solving and logic oriented. They are explicit and technical and VERY TRADEABLE TO MAKE UNBELIEVABLE AND ASTONISHING AMOUNTS OF MONEY.
Managed money traders do not know beans about making money by using trends to trade, apparently.
Down and dirty get it straight. Trends can go on a fair amount of time having both higher highs and higher lows AND LOWER HIGHS AND LOWER LOWS IN THE SAME SINGLE THREE PART TRADE.
TRENDS HAVE DOMINANT AND NON DOMINANT MOVES.
A trend is not over until the overlap begins between successive trends.
All of this is codable using logic. It is not codable using inductive probability. Trend following managed money traders prove time after time they are a dumb as the guy who posted the stupid higher high, etc airhead definition.
Are you just as stupid as he is????
Do you make 20% a year or 20% a day????
The two trades I used as an example is an hour of trading that made 25% of conservative margin.
You are giving everyone a big laugh.
No one can use simplistic airhead definitions to be successful in markets.
Trading is KISS.
Look at the two consecutive trades that have OPPOSITE DOMINANCE!!!!!!!! PRESENTLY YOUR MIND IS SO UNDIFFERENTIATED THAT YOU CAN NOT SEE WHEN DOMINANCE SHIFTS FROM ONE SIDE TO ANOTHER. GET WITH IT MENTALLY, NOW, TODAY AND HENCEFORTH. DON'T BE STUPID ANY MORE.
READ MY PRIOR POST 50 TIMES IF YOU HAVE TO, TO BE ABLE TO GET IT!!!!! DON'T BE A CHIPOMUNK!!!!!!