Why would someone called flipflopper be concerned about whipsaws? Increase the fractal until the noise diminishes, and trade only the perfect setups. I am looking at the YM today, no trade yet, but there might be a long setting up....
Haaa!!! I've become a contrarian indicator!!!! Well getting chopped up like this is bad for flipflopper cause I usually flip from long to short and vice versa when my stops get hit!!!! Not good for a day like today. Need to pullout after I get stopped out and your long trade starts making money!!
Trying to out think the market will get you hurt. Better to have a system that keeps you out of the white wash.
Believe me I don't try to out think the market. I consider the market to be full of lemmings and sheep and I try to go with the flow no matter what I think. $100 dollar oil crashing housing market Credit market disaster inflation slowing to negative GDP growth Yet I still went long several times today cause the sheep are buying. I consider the market to be retarded and I act retarded when I trade and make quite a bit of money doing it.
That is if you are daytrading. Daytrading is a pure statistical game. The only way to win over a long period of time is by having a system with an edge. Less emotion less thinking about what you think the market will do is the only way to profit with consistency.