You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Why Can't I Trade with the Trend
- Thread starter Flashboy
- Start date
A curve is the slope of a slope. That's more slope.Quote from easyrider:
I hadnt really thought too much about it before but a trend does not neccessarily have to have a slope if you take the standard definition i.e: 1 a : to extend in a general direction : follow a general course : ; so a market moving sideways could also be said to be trending.
Quote from ktmexc20:
I'm commenting as I go along here on prior posts.
Prof, I've have respect for your generally apparent, analytical approach to trading...
But I believe this is totally erroneous and backwards.
Please excuse the distractions. I'm watching KY & FL do battle on the hardwood. lol
When I think of Slope I think of a degree of assent or decline and that has nothing to do with determining when a trend will end.
Quote from ktmexc20:
I really do hate the word prediction in reference to trading...
But there is also what I will call controlled prediction, where the confidence and error of probability is calculated and utilized as a tool, but never solely relied upon.
As a tool, projection (LR&bands aka: trend channel) can be used to scope out the possibilities, where by an anticipation of events can then be considered.
True, but you can define it even closer.
I have to disagree again. The slope aka: dD/dT... has everything to do with recognizing beginnings, durations, and ends. I don't believe there is more refined measurement to determining this!Quote from ProfLogic:
Please excuse the distractions. I'm watching KY & FL do battle on the hardwood. lol
When I think of Slope I think of a degree of assent or decline and that has nothing to do with determining when a trend will end.
Quote from NickelScalper:
Sufficient data to predict the extent of the reversal of a "trend" is not contained in the chart of the "trend" approaching failure point.
That's quite an assertion. Can you prove this
a) Empirically, i.e., show you've tested every combination of charts/chart reading techniques/indicators (or a sufficiently large sample) and found that none can tell you the trend failure point?
b) Deductively, i.e., lead us through a series of verifiably true statements that reaches this conclusion?
If not, you simply have an assertion/opinion, which you're entitled to, of course.
Quote from ktmexc20:
"it". Which are you referring to?
Trend.
"As a tool, projection (LR&bands aka: trend channel) can be used to scope out the possibilities, where by an anticipation of events can then be considered."
I agree but defining specific actions that need to take place before a change in trend can take place, both at a Minor and at extreme oscillations, will improve the expectation of the current trend completing.
See your losing me here. In sense, from my perspective your contridicting yourself, and it's got me riddled. I'll refer to what I said earlier...Quote from ProfLogic:
Trend.
"As a tool, projection (LR&bands aka: trend channel) can be used to scope out the possibilities, where by an anticipation of events can then be considered."
I agree but defining specific actions that need to take place before a change in trend can take place, both at a Minor and at extreme oscillations, will improve the expectation of the current trend completing.
Quote from ktmexc20:
I have to disagree again. The slope aka: dD/dT... has everything to do with recognizing beginnings, durations, and ends. I don't believe there is more refined measurement to determining this!
Edit: Also let me add that I personally don't use "price" as a variable, to trade with. But the vars that drive "price"
If a minimum difference between present and approaching price could be calculated using public methods based on preceding price action, then, according to efficiency theory, that difference between current and predictable future price would close instantly, leaving no exploitable opportunity.Quote from jsp326:
That's quite an assertion. Can you prove this
a) Empirically, i.e., show you've tested every combination of charts/chart reading techniques/indicators (or a sufficiently large sample) and found that none can tell you the trend failure point?
b) Deductively, i.e., lead us through a series of verifiably true statements that reaches this conclusion?
If not, you simply have an assertion/opinion, which you're entitled to, of course.