Takes all kinds of traderz to make a functioning Market for hedgers to use. If it weren't for guys like us, there would be violent spikes that would blast thru the stops of leveraged trend followers and The Market would be chaos; no hedgers would participate without a continuous stream of counterparties ready to take risk off their hands. Another idea: how large can you trade before you start becoming "the game"..... each style has its threshold and RTM would appear to be much higher than TF, due to the scaling and fading. Just some amateur's ideas, and yes I'm underwater today :eek: but I have faith in the long term up trend; momentum like that doesn't just puke without a healthy retrace...
Ohhh! Now I understand. Eating food with a fork makes the food taste better. The Affordable Care Act is better insurance than Obamacare. Knives and spears are different things. Got it!
I think I'm going to write and academic paper about the vigor of follow the trend posts as a way to mark crucial turning points in the ES.
The absolute last thing in this profession you want to be is someone else' liquidity. Everyone buying today's high-volume downtrend was on the wrong side, and they literally transferred money out of their accounts into the accounts of traders who were selling into a high-volume decline. Post-It note for everyone's computer screen: "I will buy rising tapes and sell falling tapes with confidence. I will cut losses short and I will let profits run" Get good at that, and the ES (or any other market) will become your own personal ATM machine. Too bad nobody rings a bell to let us know when 6% range days are unfolding... only visible in hindsight. I covered ES shorts at 1755 before noon. My first trade was long and stopped out for -1.5 points but from then on, the short side was the only side to be on.