Come now Joe, you're winding them all up intentionally. The charts. Nothing to do with your process for making trading decisions. But because most are chart lookers they're putting weight on the fact you've displayed some moving averages, and using that to try and guess at whether you are any good. Amusing. And they have to care about your results because its an endless search to believe in anything external to themselves. Multiple entries. Your GBP/CAD position towards a high, which retraced and you added more. Again, because they only have the chart and no concept of where/why successful traders take positions...they think you must be some crazy gambler because you "add to a loser" and don't fold when there is (temporary) adverse movement. This crude chart. With what you've written one is a little surprised you didn't have this move as part of the plan for Friday. For all we know you were positioned for it and liquidating open longs during the "scaffolding" but are just messing with folks. If (and more likely) you were initiating, you must be aware that its going to create a lot of scoffing because you're holding "a loser" and "averaging down". They don't recognise the strategy and the reasons. All they have is recent prices to base decisions - no reason, no logic. Knowing what is obvious about most amateur traders, if you were purposely trying to wind folks up this is the approach you'd take. Brightens up an otherwise dull ET of course. It is obvious at least that you cut your own path. Always interesting to observe. Of course those of us who aren't looking for a guru to follow aren't invested and can't be hurt. The others distrust and despise you but will read your content and believe they are owed something. Yet fear being scammed. Very amusing. Self knowledge and self control first and last. I'm making no claims for myself about what I do or don't see. But I'll respond to your comment about thinking its mythical. There are some known public examples (Paul Rotter in the German bonds, John Arnold in natural gas, etc) where a trader with a thorough grasp on some of the concepts you allude to has gone on to take 9 figures out of a futures market. There are also many private examples. Folks who aren't on any rich lists. If that is the mission then surely the ET clowns are a distraction. And the way you communicate probably won't help you get enough of an audience to give beginners an idea of what is possible in this environment as your "reputation" here is already maligned. Its a funny world. Continued success to you.
Could we first have the definition of a trend? It seems that different traders use different definitions of the trend. If using the intuitive definition of a up trend being higher high and higher low, then once we have a higher high and higher low, the we can say that there is a up trend, and the up trend can continue for many minutes or it could be ending soon. If we use statistical definition of a trend, then that is a different story. No matter how we define it, traders try to enter long early before up trend being confirmed by definition. Those who always accurately long at around a turning point leading to a up trend will definitely be a wealthy traders no matter what definitions they use to define a up trend. Anyway, just sharing. Could be totally wrong.
You cannot because every definition is arbitrary. it is true we cannot define the trend which we all agree with; otherwise there would not be those discussions. But at least some traders could define the trend which they would agree with so that those traders have the common foundation for discussion. Other traders who donot agree with this definition could have their own definition of trend and then discuss further. Those two groups of traders cannot discuss with each other because they do not agree with the definition at the first place. Still just sharing, could be totally wrong.
Both short term and intermediate term trends are now down with long term trend waivering. We are now in a short term (at least) bear market. It remains to be seen if it will be full blown bear. Odds greater than 50%. Can you buy in a bear market? Yes. I will be keeping a shorter leash on longs.
Buy1Sell2 If possible, i would like to hear your comments on the following: For day trading, on the past Friday, 7:40 to 9:30PST and 10:30 to 11:30 PST are good up movements. after 11:30PST, stronger down movements. Other days have similar turning points. I feel the critical thing for a day trader (just using day trading as an example) is to anticipate those turning points no matter what definition for trend (long term and short term) being used. could be totally wrong again. Thanks a lot.
Longs and shorts can both be taken when trading during any time frame but you will have more opportunity over a large sample of trades, to let day trades run in the direction of the short term trend. With regard to the times, you mentioned, I can see one thing that these times had in common: 3 time frames all agreed. Those were the 1 minute, the 5 minute and the 15 minute. You will also notice that that the downward move was much stronger and yielded the best gain and that trade was in the direction of the short term trend. Thanks for the question.
Thanks a lot for your kind response. It is very informative! what is your definition of a up trend? thanks a lot.