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Why Can't I Trade with the Trend
- Thread starter Flashboy
- Start date
Would like to explain the events that transpired causing me to start this thread .. if you're interested read on.. if not, please skip.
Someone pointed out that I was trying to bottom pick for maximum profit gain and they were right on the money. But I'm going to explain why I was trading that way.
My trading has come a long way. I've gotten much much better.. I had a good run of 11 days being profitable.. didn't follow my plan to a T but very close.. was patient.. could have been much more profitable had I stayed in some trades but the fear I have of losing back profits caused me to bail too early.
Anyway, then Wednesday hit .. I took a long on the gap down in ES.. turned out to be a loser... even moved my stop a point lower to try and wait out the correction.. turned into a decent size loss.. Well thats when my proper trading went out the window.. thats when I started looking for trend reversals for maximum profit cause that was what was going to get me back my loss.. instead of going with the flow and trading properly my loss caused me to throw all my trading rules out of the window and look only for a reversal.. and of course when you're down and out you tend to see trades that aren't really there.. which I did... causing even a bigger loss..
Now I feel that I know how to trade.. but knowing how and executing are very different as most profitable traders know
hope this made sense..
Someone pointed out that I was trying to bottom pick for maximum profit gain and they were right on the money. But I'm going to explain why I was trading that way.
My trading has come a long way. I've gotten much much better.. I had a good run of 11 days being profitable.. didn't follow my plan to a T but very close.. was patient.. could have been much more profitable had I stayed in some trades but the fear I have of losing back profits caused me to bail too early.
Anyway, then Wednesday hit .. I took a long on the gap down in ES.. turned out to be a loser... even moved my stop a point lower to try and wait out the correction.. turned into a decent size loss.. Well thats when my proper trading went out the window.. thats when I started looking for trend reversals for maximum profit cause that was what was going to get me back my loss.. instead of going with the flow and trading properly my loss caused me to throw all my trading rules out of the window and look only for a reversal.. and of course when you're down and out you tend to see trades that aren't really there.. which I did... causing even a bigger loss..
Now I feel that I know how to trade.. but knowing how and executing are very different as most profitable traders know
hope this made sense..
Quote from NickelScalper:
Trend is the imaginary friend of many.
I am glad you are there for my trend trade liquidity...
...but I'm not sure I get why you would mock something you obviously don't understand well enough to implement successfully for YOU.
Trends in markets are a FACT, not an opinion - the exact definition of a trend is more art than science and depends on one's time frame but the fact that they exist is undisputed reality.
Many successful traders can use this to increase the likelihood that we don't get stopped out and allow our winners to run...
Quote from balda:
which trend line should I use?
Or is it too late?
Try reading the annotations very very very thoroughly. take the original Print it 10 times and draw everything I did 10 times or until you do it once without a mistake.
Attachments
You need to incorporate MACD into your intraday charts and then the trend will be easier to trade.
Also on days like weds, Keep an eye on the size of the sells, I strictly trade the YM, but on weds all day there was large size pummeling the bid with hardly any large buys. When the red bars are that large and frequent, you are just asking for trouble trying to fade them.