Goodmorning Winner,
I used to use a lot of moving averages (exp. 20, 50, 100 & 200).
Believe it or not I found that I followed them to much and I was being to rigid.
So I took them off. Now I just eye ball it. If it looks like a down-trend, it's
a down trend. If it looks like a up-trend, it's a up trend.
I used to counter trend trade alot. They look so easy...but for most
of them I was lucky if I broke even. They are so unpredictable, you
never know when they will turn against you. A few times I've had to hold
onto a trade for a couple of days just to get it in profit. ( I hate losses),
I would much rather hold a position going with the trend than against it.
Trend trading in my mind means it will eventually get there. Counter
trend trading, who knows...Another thing...if you can't tell which direction
it's going, "beats me where it's going". Don't trade and lose your money.
The secret to this is...learning to read price action (only using synergy apb)
and learning to read the TDI indicator. Once you learn how to read
the 2 indicators and get a really good feel for the market then you can
play with it a bit more.
Hope I helped you.
snarlyjack
I used to use a lot of moving averages (exp. 20, 50, 100 & 200).
Believe it or not I found that I followed them to much and I was being to rigid.
So I took them off. Now I just eye ball it. If it looks like a down-trend, it's
a down trend. If it looks like a up-trend, it's a up trend.
I used to counter trend trade alot. They look so easy...but for most
of them I was lucky if I broke even. They are so unpredictable, you
never know when they will turn against you. A few times I've had to hold
onto a trade for a couple of days just to get it in profit. ( I hate losses),
I would much rather hold a position going with the trend than against it.
Trend trading in my mind means it will eventually get there. Counter
trend trading, who knows...Another thing...if you can't tell which direction
it's going, "beats me where it's going". Don't trade and lose your money.
The secret to this is...learning to read price action (only using synergy apb)
and learning to read the TDI indicator. Once you learn how to read
the 2 indicators and get a really good feel for the market then you can
play with it a bit more.
Hope I helped you.
snarlyjack