well it would have hit a 15 min trend or a 30 min trend in the opposite direction. markets are not random.....they follow the actions of traders
Padutrader, I respect your 13-year study. However, for every trendline chart that "works", I can show you 19 other charts where it did not work. Making money with subjective chart patterns is not that easy. Plus it is almost impossible to backtest them.
Yeah but then you're getting short and getting out and reversing if so. The truly bad day with that strategy is a ranging one that bounces off s and r multiple times.
if it does not 'work' it will work in the opposite direction.....trends will change but it can only go in the one direction..... there are other things that have to be seen like ABC movements.....but the general idea is trends
Depends on your MAs and timeframe but if it breaks the MAs and your MACD indicates then you reverse. On the trend days it will usually keep bouncing with the trend and not break the MAs. But yeah, you get crucified on the whippy days being why you have to couple with sentiment and news