Intraday trending stocks rule based model?

Discussion in 'Strategy Building' started by tanmay, Dec 23, 2020.

  1. So true
     
    #11     Dec 23, 2020
    KCalhoun likes this.
  2. padutrader

    padutrader

    hi i am from hyderabad........

    i do not understand anything about coding or the meaning of trend model.

    so forgive me if this is off topic


    i trade mostly forex...and if you want trending then forex is it.

    it is the easiest money i have seen
     
    #12     Dec 23, 2020
  3. padutrader

    padutrader

    why not simple stuff

    in an uptrend..buy

    put stop below the low....

    in a up trend all resistances break/fail.....so the resistance is NOT the target...do not exit there

    many exerts say resistance is the target: nothing is more ludicrous

    in a sideways market it makes sense to do that......but i do not trade where there is no trend


    if resistance holds and support fails then you have a down trend..at least for the short term

    there is no subjectivity in this

    trade like a casino.....have an edge.....over time you cannot lose

    they say 95% traders lose....i did too

    i read 100s of books and got totally confused..i traded elliot wave for 5 years.......

    now i laugh at what i did even though i lost huge money

    now i wonder how i did.......and why do traders lose

    i think it is because most strategies are subjective and with subjectivity to get tension and with tension.....self doubt........and stupid trades.

    i found this method i suggested has very little subjectivity if at all: everyone agrees where the swing low is and that is where the stop goes and it is easy to know an uptrend and just how strong it is.
     
    Last edited: Dec 23, 2020
    #13     Dec 23, 2020
    KCalhoun likes this.