Trend is the biggest illusion you need to over come .
And is responsible for most traders failings
And is responsible for most traders failings
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Are you a trend trader or a counter-trend trader? 29 replies
Ichi Trend & RSI Trend Catch 4 replies
Automatic Trend line, trend channel, support, resistance detection 3 replies
"Trend" , how do you actually trace the current trend ? 23 replies
Never trade against the larger trend? 9 replies
Disliked{quote} But what I like most of all about trends is the opportunity to pyramid and increase your r:r parabolically. This is not a feature of a counter-trend and/or short-term move and certainly doesn't work in a range.Ignored
Disliked{quote} //----- hey tom...... exactly...... and that is the major key to 100's and 100's of winning trades in a row...... proper placement of proper lot sized trades can multiply those numbers easily times 10...... the four hour trend can easily erase or add 1% to someones account on most pairs.... if my trades are riding the daily and weekly trend, i look forward well in advance for those 240 trend changes..... by using the abc correction wave theory, i'll double or triple the 4 hour atr and use that as a guidepost for the trend retracement .........Ignored
DislikedTrend is the biggest illusion you need to over come . And is responsible for most traders failingsIgnored
DislikedGood market entry is about market timing, not about following some beliefs that fail half of the time.Ignored
DislikedWtf? More baffling, face palm, stupidly. Identify if there's a daily trend in existence, is it bullish or bearish? Take trade in the direction of daily trend. You will be 'right' in terms of probability and stats, more times than you're 'wrong'. {quote}Ignored
Disliked{quote} Not many here know how to do that . So I repeat it's confusing to 99 % OF all retail.the illusion of time frames and price construction .price trends from a to b and generally missed by all retail.there entries are feeding profit. The middle class pay for everything. The money sets the trend .the bottom feeders react and feed of the the middle class so called trend followers. I don't believe you are as stupid as you sometimes claim to be Your daily trend is validated at which point during the day .when it begins or when it has ended.its...Ignored
DislikedGood market entry is about market timing, not about following some beliefs that fail half of the time.Ignored
DislikedTrends don't fail half the time or else there would never be a trend. A trend does not have to be some price movement in a single direction which lasts forever. It is a progression of price action in a given direction which, at any given point along its path, will be found to continue more frequently than it reverses. Obviously all trends end at some point in time: if for you they fail as soon as you enter, that says more about your trend identification and your entry points than it does about trends.Ignored
Disliked{quote} //----- hey tom...... exactly...... and that is the major key to 100's and 100's of winning trades in a row...... proper placement of proper lot sized trades can multiply those numbers easily times 10...... the four hour trend can easily erase or add 1% to someones account on most pairs.... if my trades are riding the daily and weekly trend, i look forward well in advance for those 240 trend changes..... by using the abc correction wave theory, i'll double or triple the 4 hour atr and use that as a guidepost for the trend retracement .........Ignored
Disliked{quote} Trending markets can be easily identified. The problem with trend following strategies is by the time you have identified a strong trending market, is it already too late to jump into it? It might be too late because you didn't get in during the early phase of the trend. Why most traders couldn't get in at the early phase of the current trend? Because at that given time (the early phase), the market was trending in the other direction!Ignored
Disliked{quote} Trending markets can be easily identified. The problem with trend following strategies is by the time you have identified a strong trending market, is it already too late to jump into it? It might be too late because you didn't get in during the early phase of the trend. Why most traders couldn't get in at the early phase of the current trend? Because at that given time (the early phase), the market was trending in the other direction!Ignored
Disliked{quote} Trend identification is step 1 in TA. Its step 1 because everything else is more complicated. If you are unable to do this, you will be unable to make money trading. Of course there are alternative ways and some will make dramatic returns per trade. But the best returns come when your entry signal is followed by a strong trend in your selected direction. Meanwhile, trend following has lowest risk and greatest opportunity to pyramid, and that's what separates professionals from amateurs.Ignored
QuoteDislikedTrend identification is step 1 in TA
QuoteDislikedIts step 1 because everything else is more complicated.
QuoteDislikedIf you are unable to do this, you will be unable to make money trading.
QuoteDislikedBut the best returns come when your entry signal is followed by a strong trend in your selected direction.
QuoteDislikedTrend following has lowest risk and greatest opportunity to pyramid
QuoteDislikedand that's what separates professionals from amateurs.
Disliked{quote} Definition from Investopedia 'Technical analysis is a trading tool employed to evaluate securities and attempt to forecast their future movement by analyzing statistics gathered from trading activity, such as price movement and volume.' {quote} Where did you get the concept that trend identification is the absolute first step in trading analysis? {quote} What do you mean by everything else is complicated? {quote} I would say that practically all traders who know a bit or two...Ignored
Disliked{quote} Is this YouTube channel is about any specific trading system? Or anything else?Ignored