Disliked{quote} {quote} You're correct about a lot of things such as cycles and trends being profitable I'm sure. My points of contention with your arguments are only 2 points: 1. You claim following cycles and trends are the least path of resistance and also "the real move"(bigger pay off) while counters can be traded but they require more work for less reward(lesser pay off). My contention with your argument is that you freely agree with my earlier statement which is the perception of value is what causes these trends so if one already can understand...Ignored
You cannot predict every move in the market, that is impossible, you can predict and trade many market cycles though and those cycles turn into trends
Buyers and sellers work to the cycles, they create the moves - whether that is value or not I'm not concerned about, all I want is to trade price in the direction it is going in, depending upon the time-frame I choose to trade and at the time of watching the market
You ONLY make money from being right on price action direction, that is a trend cycle whatever you choose to call it - it is irrelevant how the trend occurred - if a price reaches one of your auction theory levels, its moved in a trend to get to that level, if it then bounces off/from that level it will move in a trend from that level
I don't have an interest in auction theory - not something I'm interested in, so can't comment on its relevance, viability or profitability - if it works, it will by default coincide with trends and cycles
That SP500 cycle chart in my previous post has a pretty high win rate of picking out the lows - on the time-frame shown its 100% - the red cycle line doesn't follow the market, it predicts it, that means I can run that cycle forward in time months, years and have a ultra high prediction of the next batch of SP500 lows, as you can see from the evidence on the chart, you always get a upward move of some degree thereafter - going short during those periods would not be a wise use of money and proves that you only make money being right on direction of price - you could go short, but it would be a pretty stupid use of ones funds
Anyway, if you know how you make money without being short when price bars are declining, tell us, if you're talking about accumulating a position, then that is valid, but it was/is not what I am talking about, I'm talking about those specific declining bars, it is impossible to make money from them by being long as they decline bar after bar
It doesn't matter who is buying and who is selling, if a trend is going UP, you go up with it until it stops and likewise if its going down you go down with it until it stops - it doesn't matter who's chasing value or value levels etc
There's lots of valid ways to trade/Invest - ALL of them require one to be aligned with the direction price moves in to make money, unless you sell options for the premium