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Follow the trend!

  • #161
  • May 30, 2007 3:15pm May 30, 2007 3:15pm
What does it matter what the text book says about what is a trend and what not? what matter is to know when you have one in your charts, and how to understand its intrinsic health.

Trading is not about philosophy. It's about making money.
  • #162
  • May 30, 2007 3:20pm May 30, 2007 3:20pm
Quoting WTB
Trading is not about philosophy. It's about making money.
Man.. I thought you knew -- trading is all about the chicks yo.
Mr. Trend
  • #163
  • May 30, 2007 3:29pm May 30, 2007 3:29pm
Quoting Mr Trend
Man.. I thought you knew -- trading is all about the chicks yo.
Im with Mr. Trend here. the chicks are a perk..

but i think its funny how so many people follow something and use something they cant even define
  • #164
  • May 30, 2007 3:39pm May 30, 2007 3:39pm
wrong market guys, chicks dig TEH FUTUREZ !
  • #165
  • May 30, 2007 3:43pm May 30, 2007 3:43pm
yea and if you want the freaky chicks its always fun to trade BOND-age...

*crickets*

just playing



.......anyways, those cookies are still up for grabs if someone can define a trend...
come on come on!!
  • #166
  • May 30, 2007 3:46pm May 30, 2007 3:46pm
Quoting superdezign
if you want the freaky chicks its always fun to trade BOND-age...

*crickets*

just playing
Awesome...
Quoting superdezign
.......anyways, those cookies are still up for grabs if someone can define a trend...
come on come on!!
Plot a timeframe. If your eyes move up from left to right with price, then you're in an uptrend. If your eyes move down from left to right, then you're in a downtrend.

That's the definition of a trend, because a trend, in and of itself, is subjective rather than objective (which is what everyone wants to believe or tries to convince others to believe).
Mr. Trend
  • #167
  • May 30, 2007 3:59pm May 30, 2007 3:59pm
someone said....I think it was Jacko said, "if you're having trouble identifying the trend print the chart off and hand it to a 5 year old. they'll get it right every time."
i like Mr. Trend's definition as well.
It really is that easy.
  • #168
  • May 30, 2007 5:34pm May 30, 2007 5:34pm
Thats not a definition though...

thats like saying something shiny is reflective, but all in all thats not the definition of reflective.. its just a way to tell if something is indeed reflective

to truly understand how light rays bounce off an object you need to first be able to define the very thing you are trying to study

It is the same with trend trading. But not a single person can define the very thing they trust their money with..

Quoting THE FxORCE
someone said....I think it was Jacko said, "if you're having trouble identifying the trend print the chart off and hand it to a 5 year old. they'll get it right every time."
i like Mr. Trend's definition as well.
  • #169
  • May 30, 2007 5:37pm May 30, 2007 5:37pm
Quoting superdezign
Thats not a definition though...

thats like saying something shiny is reflective, but all in all thats not the definition of reflective.. its just a way to tell if something is indeed reflective

to truly understand how light rays bounce off an object you need to first be able to define the very thing you are trying to study

It is the same with trend trading. But not a single person can define the very thing they trust their money with..
You're now getting freakin' annoying. If you want to define it, then friggin' define it already and quit messin' with our feelings...

My definition makes sense to me, and since I'm Mr. Trend, I think it only makes sense that I define it.
Mr. Trend
  • #170
  • May 30, 2007 8:45pm May 30, 2007 8:45pm
Quoting WTB
wrong market guys, chicks dig TEH FUTUREZ !
What do you do when you see unhealthy trend ?
  • #171
  • May 30, 2007 9:12pm May 30, 2007 9:12pm
Quoting WTB
Since you asked...

30 SMA, 50 SMA, 100 SMA... I'll let you explore how they can point out a trend's overall health and how to profit from independent healthy swings...
To be honest can't see anything special in it... just like using every other indicator, sometimes it fits sometimes not. Do you trade bounces from MA? You've mentioned 6 different MA, so can't see any consistency - do you fit your MA to a given chart? I'm not saying that it's wrong, if it works for you that's good.

Just to share - EURUSD, simple channel, daily price action and my short targets to precise point of 3375.
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  • #172
  • May 30, 2007 10:15pm May 30, 2007 10:15pm
Quoting luqmanz
What do you do when you see unhealthy trend ?
The question was not directed at me but...
When I see a Failing Trend I Stand Aside.

*Note* There is a difference between a Failing and Exhausted Trend.
  • #173
  • May 30, 2007 10:22pm May 30, 2007 10:22pm
Quoting Hadrys
...do you fit your MA to a given chart? I'm not saying that it's wrong, if it works for you that's good.
Just to add...
4 Hr TF, 6 Bar MA = 24 Hours { 1 Day }
4 Hr TF, 144 Bar MA = 6 Days { 1 week }
Do the Math for the others.
  • #174
  • May 30, 2007 10:30pm May 30, 2007 10:30pm
Quoting Bemac
Just to add...
4 Hr TF, 6 Bar MA = 24 Hours { 1 Day }
4 Hr TF, 144 Bar MA = 6 Days { 1 week }
Do the Math for the others.
bemac the brave knight. champion of buying and selling. a Monarch o' the Glen.

i'm bored.
BAM BAM BOOM! -bravado
  • #175
  • May 30, 2007 10:38pm May 30, 2007 10:38pm
Quoting bravado
bemac the brave knight. champion of buying and selling. a Monarch o' the Glen.

i'm bored.
Me too. But that's the best time to catch up on the new posts at The Ole FF.
  • #176
  • May 30, 2007 10:55pm May 30, 2007 10:55pm
Quoting Bemac
Me too. But that's the best time to catch up on the new posts at The Ole FF.
never thought of that.
BAM BAM BOOM! -bravado
  • #177
  • May 30, 2007 11:01pm May 30, 2007 11:01pm
Quoting superdezign
if it were subjective it would be impossible to identify a trend..

and no.. that definition does not define a trend

...next
Many things which are 'defined' by people are inherently subjective. "Right" or "wrong," for example. Your definition may not be mine. How ridiculous that you think you have THE answer!
  • #178
  • May 31, 2007 6:15am May 31, 2007 6:15am
Quoting Hadrys
To be honest can't see anything special in it... just like using every other indicator, sometimes it fits sometimes not. Do you trade bounces from MA? You've mentioned 6 different MA, so can't see any consistency - do you fit your MA to a given chart? I'm not saying that it's wrong, if it works for you that's good.

Just to share - EURUSD, simple channel, daily price action and my short targets to precise point of 3375.
I only have ever mentioned 3 MAs: 30 SMA, 50 SMA and 100 SMA, which are the only ones I trade. I seek confluence of levels of support/resistance between the 30 SMA and 50 SMA, and upon bounce I zoom into shorter time frames to read price action seeking for clues of a new swing down being created. I require the 3 SMAs to shape up in the chart in a particular way before considering an entry to make sure I am indeed in a trending market (I identify trends with my SMAs, not with trendlines)

Basically, pure trend-trading at its very prime form.

PS: signals of unhealthiness in a trend? I stand aside for the next swing until SMAs re-arrange themselves.
  • #179
  • May 31, 2007 11:31am May 31, 2007 11:31am
What is a trend?
Defined by Swanson's dictionary.
A trend is a group of candles starting from left to right.
An uptrend is a group of candles starting from a low left area progressing upward to a higher right area.
A downtrend is a group of candles starting from a higher left area progressing downward to a lower right area.
The NFA says this:
The general direction, either upward or downward, in which prices have been moving.
www.nfa.futures.org/basicnet/glossary.aspx
It really is that easy.
  • #180
  • May 31, 2007 11:42am May 31, 2007 11:42am
OK, i'm gonna define what a trend is:

A trend is a series of candles making higher highs and lower lows (uptrend) or making lower lows and lower highs.

now as far as i know trends exist on all timeframes.
also, there are counter trends that goes against the major trend.
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