My technique is easy: Trend following: Buy when price goes up, sell when price goes down or when my guess is wrong. I have a 50/50 chance to be right. Just need to improve it slightly above 50/50 to be profitable.
Repeat after me: I will not chase the market. I will wait until it comes to me. I will never be the first one to jump in. I will wait for the second opportunities. I will always respect the line in the sand.
buy when starts it goes up. yes. but if it goes up, it must have been going down or sideways; if not you already would have bought it. waiting for second opportunities is great because nowadays they always come.do not especially enter break outs.at least i dont. the market wants to test you , to see if your commitment to the trade is there, if you are patient, to check if you have not put too tight a stop ,which is means you are afraid of drawdown and so have to big a position. In ES i have found it gives you a third entry too. and sometimes a fourth. As Brooks says the market will test or hunt for break even stops 2-3 times before taking off. it also serves very well for confusing the hell out of traders, who are too quick to pull the trigger or put tight stops. this also means that you do have 2-3 small profit opportunities before the big one comes. it is good to be aware of all this so that you can decide how to manage the market. in other words the market wants to know whether you are a good trader or not.
my problem is that i see too many trends so the live market is a lot more confusing or uncertain than talking about it and i do not like uncertainty
check this guy he is better than Brooks The ONLY Beginner's Guide To Trading Traders NEED To KNOW (youtube.com)
The ONLY Beginner's Guide To Trading Traders NEED To KNOW (youtube.com) this guy is better tahn brooks because he makes rules . brooks expects you to make your own rules so brook is not suited to beginnners. this guy is damn good
Simple. Whether I can find a trend doesn't matter. There is a 50/50 chance the price will go up after I buy.... I only have to find a way to increase those 50/50 to 50.1/49.9 and I will be profitable.
yes but you do not have to find it. why work hard and reinvent the wheel. when this guy tell you how to do it. The ONLY Beginner's Guide To Trading Traders NEED To KNOW (youtube.com)