I use things like trendfans to see market smoothness.
Ignored
Hello, twoblink! I use MACD to determine trend direction. I have no idea what you mean by trendfans, and how do you use it to measure market smoothness?
according to Phantom, a position has to be reduced or removed until it proves itself correct. so far I haven't been able to find a consistent way to apply this principle. what's more, I've quite often experienced the opposite. that is, I establish a position, the market goes a bit in my favor then reverses, quite often it reverses immediately and put me in the red for sometimes quite a prolonged length of time, (sweating...) then the original trend resumes and eventually reaches my TP point. this happens very often to the point that if I had applied Phantom's 1st rule, I'd have lost a significant percentage of my trading equity instead of getting a bit above breakeven.
however Phantom's rule still appeals to me somehow. I believe it holds the truth for trading success. I just don't know how to apply it properly. may I inquire how you use it in your trading?
I find people on FF to be fickle though, fickle or stupid or both, I'm not sure.
I also have a book called "Trends and Trendlines" but quite a few buyers have said they find the information concerning trends and trendlines to be utterly useless; which is amazing to me, as that's the basis of trend trading; but they will buy a system that sells them MA crossovers.
Ignored
Hello.
I did buy your Ebook, and I fund it great, because I can always draw a trend line the same way. Being a newbie I don't know yet how to trade from it, at least until i discover from myself or wait for next ebook, or someone explains it to me. anyway tank you for the time you spent to write it.
Joined Oct 2005
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Status: Pip Slappa Extrordinaire
|1,013 Posts
Hey there twoblink,
I'm shamelessly bumping your old thread to ask a question. Your approach is very interesting, but you were a bit "hand wavy" about how many levels to select and which path to choose in the triangle. Do you have any suggestions as to what thought processes would go into these selections?
Also, you pointed out "hockey sticks" in your pictures but the progression you said you liked (45,36,28,21,15,10,6,3,1) isn't a hockey stick but a straight line. Are the hockey sticks preferred, or were you just pointing them out for interest?
You are in a maze of twisty little passages, all alike.
Anymore example, I find that this Pascal's is very interesting, try to enhance my poor MM. Is there any excel spreadsheet that can incorporate together with Pascal??
