Disliked{quote} Respect acknowledged. Sure you are right :-) but I'm still not that convinced about the "hot hand" interpretations. The chart I posted is a Daily one. There are similar charts which were very profitable. So that's why I wanted to bring it to discussion. When PeterCrowns mentioned the "hot hand", it's related to the previous week's close; he didn't mention any longer term trend/chart at that moment. He did say later: "If you are also in tune with the weekly and monthly trends is when it gets exciting!" So my understanding is that the tuning...Ignored
From my experience of profitable traders, there is a lot left unsaid which they themselves are not aware they know! So a trader might say, for example, only follow the 20 dma, but might omit to say, oh, by the way, only follow it if it isn't running into last year's low. Another thing experienced traders omit to say is that when trading conditions (for them) are bad, they also lose money. Forex is very unforgiving and many hedge funds employing the brightest and best go under.
I'm so pleased you did not take offence at my critical statement. Yes, it was a daily chart, but it was trading within the previous year's range. It was a seriously poor period for trend trading. Take a look at 2014 - 5 in comparison. This method provides a cheap way to get into a trend but you have to be prepared to ride it. Try a search for "infinite yield trading". Have you already done that?
Gone to a better place
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