DislikedWhat if the market doesn't give you those handy retracements along the way, but just takes off like a rocket in the wrong direction and keeps on going? It will do this, one day, while you calmly wait for relief that never comes.
Didn't fti say, "Never rescue against the trend"? Have I misunderstood him completely? To me, that's one of the best bits of advice in the whole TAF thread. But to practice this, I need to have a very shrewd idea of what the trend is doing in my particular time frame, and I also need to be willing to...Ignored
What if had gone long after caught up in trend change and closed at loss all the shorts and go long and close at loss all the longs because trend changed again to downside. I would be just like all the other panic traders who are licking their bleeding wounds after Thursday and Fridays up and down.
And it is going up again and I am getting ready for shorts may be long this time.
Everyone talk about trend, does any one know what it is? It seems I know nothing about it.