Disliked{quote} This looks like both trend following and also counter trend trading to me [unless i'm missing something] http://www.forexfactory.com/showthre...65#post4572665Ignored
But if we try and pick the tops or the bottoms thinking that the trend has ended, that is what most trend faders will try and do. They will blast the market with many small trades using very small lots size and sell when the prices are still rising thinking that the trend had ended at certain price levels and market will reverse. They hang on to their small trades and try hang on to the floating drawdown in the trading accounts thinking that the market will soon reverse in their favour. These type of traders suffered many margin calls in the last 4 years with their small trading account deposits. What do they do? they top up their account or open a new one and repeat this. Then they will realised that whatever they are using won't help them achieve their dream to turn run $5K into one $million in 4 years. They debunked what they had used before and will try something new and create a new system every 18 months.
I made some comments on that Big E' training chart post you linked.
That is a very good example, market was trending H>L, HH>HL,... then become toppisch before it reversed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett