why we say trend is our friend?

[robinxing]

thank you for your post

In my experience

I have devised several intraday trading system

most of them are trend following ,the other are counter trend

the trend following performs better

I do not like the idea of money management

beocz I think money management will increase the volatility of equity curve

and I do not think mm will turn a unprofitable system into a profitable one

 

[Anekdoten]

Here is a chart of the YM today. If you take the time to analyze the highs and the lows you will conclude that not only is the trend your friend but it would have guided you today like a state of the art GPS from beginnning to end.

Just adjust your charts to microscopic versions so you can get rid of the evil "longbars" and gain the advantage to look inside them.

 

[ER9]

Quote from ozzietrader:

Can you tell us what you use to signal a possible reversal? Trendline breaks, moving averages, divergence, candles?

I use VWAP and SMA 60. when price breaks through both and then pulls back to find support at or around one of the two, preferably sma60, i begin to look for a trade in the new direction. also i keep an eye on significant support, resistance areas and major trendlines.