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colonial dr
Registered: Aug 2012
Posts: 294 |
10-29-12 04:41 PM
Quote from oilfxpro:
Waiting for the rest of E T rebuttal team to knock subjective discussions .....and input more crap into discussions of a serious nature.
Why don't you start another positive thread with B S?
Funny. I tell you to stop making subjective claims like "80 %" (a random number you pulled out of your arse) and you tell me to stop the bs.
I wonder if your inability to estimate has anything to do with your trading skills.
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oilfxpro
Registered: Oct 2007
Posts: 1600 |
10-30-12 10:49 AM
Quote from colonial dr:
Funny. I tell you to stop making subjective claims like "80 %" (a random number you pulled out of your arse) and you tell me to stop the bs.
I wonder if your inability to estimate has anything to do with your trading skills.
Can you see how difficult it is to stay with the trend?See every trick in the book to shake out existing positions and in all there are 16 potential false breaks or shake-outs.
1 trend /16 potential false breaks , 1/16 = 6%.
There were countless trends on the micro scale tick/1 minute , but only one major move .
http://www.incrediblecharts.com/tec...ding_trends.php
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wrbtrader
Registered: Feb 2010
Posts: 1341 |
10-30-12 03:19 PM
Quote from oilfxpro:
Can you see how difficult it is to stay with the trend?See every trick in the book to shake out existing positions and in all there are 16 potential false breaks or shake-outs.
1 trend /16 potential false breaks , 1/16 = 6%.
There were countless trends on the micro scale tick/1 minute , but only one major move .
http://www.incrediblecharts.com/tec...ding_trends.php
Oilfxpro,
That chart represents an obvious trend. Yet, I highly recommend that you stay away from sub $1 dollar stocks or penny stocks as represented in your choice of chart example.
With that said, the author is incorrect in the analysis of "trend trading". For example, a trend trader that enters @ #1 or #2...that trend trader would hold onto the position instead of exiting and re-entering multiple times in whipsaws or chop between #4 to #12.
Further, the trend traders that are late and chasing...they'll most likely enter around #13 to #16 that are decent entries and very profitable.
Simply, your choice of this chart in an effort to show "how difficult it is to be a trend trader" without (once again) discussing how you would have traded that trend is obvious again you don't know how to trade a trend...
Most likely due to your inability to manage your discipline to stay in a profitable trade until it reaches its profit target or you have a poor trade management plan.
Thanks again for the hindsight chart. 
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oilfxpro
Registered: Oct 2007
Posts: 1600 |
10-30-12 03:30 PM
Quote from wrbtrader:
Oilfxpro,
That chart represents an obvious trend.
Unfortunately, the author is incorrect in the analysis of "trend trading". For example, a trend trader that enters @ #1 or #2...that trend trader would hold onto the position instead of exiting and re-entering multiple times in whipsaws or chop between #4 to #12.
Further, the trend traders that are late and chasing...they'll most likely enter around #13 to #16 that are decent entries and very profitable.
Simply, your choice of this chart in an effort to show "how difficult it is to be a trend trader" without (once again) discussing how you would have traded that trend is obvious again you don't know how to trade a trend...
Most likely due to your inability to manage your discipline to stay in a profitable trade until it reaches its profit target or you have a poor trade management plan.
Thanks again for the hindsight chart.
The way I trade trends is with 80/100 pip stops , trailing stop of 80, enter when trends lines are started on lower times and existing trends lines are at an end.Run the profits etc.This way I keep out of noise.
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wrbtrader
Registered: Feb 2010
Posts: 1341 |
10-30-12 03:58 PM
Quote from oilfxpro:
The way I trade trends is with 80/100 pip stops , trailing stop of 80, enter when trends lines are started on lower times and existing trends lines are at an end.Run the profits etc.This way I keep out of noise.
First, why don't you start by posting charts of Forex currencies in reference to your "80/100 pip stops" instead of posting charts of sub $1 dollar stock or penny stocks ???
You mention you "run the profits" and "I keep out of noise".
You seem to be implying you're not having any problems in trading trends...correct ?
Therefore, I will now assume this thread is not about your "trend trading" problems but more about what you see occurring in the "trend trading" of others...correct ?
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oilfxpro
Registered: Oct 2007
Posts: 1600 |
10-30-12 04:18 PM
Quote from wrbtrader:
First, why don't you start by posting charts of Forex currencies in reference to your "80/100 pip stops" instead of posting charts of sub $1 dollar stock or penny stocks ???
You mention you "run the profits" and "I keep out of noise".
You seem to be implying you're not having any problems in trading trends...correct ?
Therefore, I will now assume this thread is not about your "trend trading" problems but more about what you see occurring in the "trend trading" of others...correct ?
I dont have problem trading trends
http://www.elitetrader.com/vb/showt...484#post3665484
I do have experience of failure of trends and trend set ups.
 clipboard01.jpg
This has been downloaded 35 time(s).
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