And how do I do that? Details matter. "Buy the 21-day high, short the 21-day low" is a detailed plan. Brokers get it. "Trade with the trend" or "trade imbalances" ... not so much.
I don't consider leaving things up to pure random chance to be a plan aka a strategy. But maybe that's just me.
Fair enough. I have to admit, the idea of flipping a coin in a strong bull market, as a means of entry direction decision does seem rather idiotic.
A wise guy, eh? OK, Donchian channel breakouts are a form of trend trading. "Trade with the trend" is only four words, which beats your seven.
Donchian? Way back when I had a desktop. All my backtests went when my hardrive got fried. I've been looking for published backtests to put in my other recent thread in this forum. Hard to believe there's nothing out there on public-domain strategies but I haven't had a lot of success so far.
Actually, it's not hard to believe at all. People don't like to do backtests, though some will do computerized backtests, which are always worthless. Instead they'll "learn by doing", i.e., go ahead and trade and see what looks good. This is not a recipe for success. But it's the one that practically everyone follows.