What the hell is causing this extreme constant bullish move in the Dow??!
- Thread starter spanish89
- Start date
)I agree it doesn't contradict.
I'm saying the reason "trend trading" doesn't work is because just because price is in a "trend" doesn't mean it's anymore likely to keep going in that direction than to reverse.
I was making those two statements to say that even if you could manage to define a trend, it wouldn't do any good.
Trends only exist in hindsight.
The only way a trend is useful is if you look at a current chart and realize "hey, I got in in the correct direction and then price started trending."
Seeing a trend and then entering doesn't guarantee price will keep going. Price does HH LL all the time. It also does LL HH all the time. As soon as Joe Schmoe trader thinks "hey, it's trending!" it's probably about to reverse, anyway. After all, most traders lose money, so most traders are doing it wrong. And what's to say that pullback isn't really the beginning of a downtrend? The other option is to enter as price is still going up (ie. not waiting for a pullback). People who do that complain that they always enter at the top.
If only there were some way to identify when a trend was about to begin.
So I take it, you think Iâm lying
Questions;
For a turn to occur â shocks to the system not withstanding;
Do the big players position themselves first â for an impending turn? (the one they are creating)
If yes â wouldn't that leave tracks to follow / give away their plans?
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If no â so youâre saying they are clueless and simply go along with the herd (granted some are... but there are a few who are not)
(since Iâm holding $M's in a position â think Iâll use one mkt order to exitâ¦, and another to re-enter⦠or better still â Iâll re-position myself a 100 measly shares at a time)
Come on Bone â I know you know better (or at least you should)
RN
Questions;
For a turn to occur â shocks to the system not withstanding;
Do the big players position themselves first â for an impending turn? (the one they are creating)
If yes â wouldn't that leave tracks to follow / give away their plans?
=========================
If no â so youâre saying they are clueless and simply go along with the herd (granted some are... but there are a few who are not)
(since Iâm holding $M's in a position â think Iâll use one mkt order to exitâ¦, and another to re-enter⦠or better still â Iâll re-position myself a 100 measly shares at a time)
Come on Bone â I know you know better (or at least you should)
RN