Well,i disagree with your premise regarding trend.Disagreement is what makes a market.I wouldn't presume to try to persuade you or anyone else that my theories are "the secret" and that you don't have it.But rather than defend the last post i made let me put things in a different perspective. Perspective might be an appropriate word.I see trend you see no trend.Both of us will do what all humans do,namely we'll arrive at a theory/belief at some point about markets or about..anything,you name it,and then we will use information that supports our theory and reject information that conflicts with that theory. Fear might be an appropriate word.NoDoji prefers to trade on a noiseframe chart whereas i belief her approach would work more reliably on a larger timeframe.11 trades 1 winner sounds like hell to me.Maybe her fear is the fear of changing anything she does since it took so long to get to where she is now. Reading between the lines you appear to fear that the moment you enter in the direction of the main trend it will turn against you.Trends persist for longer than spanish can stay solvent.Again apologies if i'm reading you wrong. So are we discussing the market are are we discussing our varying perceptions of the market? Are we trading the market,or are we trading our perceptions? Difficult to say something useful without saying enter here exit here- hence why Nodoji is popular among some people here,because she does exactly that.Ok if you want 11 trades 1 winner.So what is useful on a trading forum? Exact instructions?It wont change the 90% losers statistic. How long should a journal run for? Do you want a Livermore journal or a Neidorhoffer journal? Or a journal that runs until the trader dies rich? Now, i think you got me defending my posts and the reasons i'm here (which is vary rare actually) for long enough.And the reason you think i need to do that is what exactly?
Looks like i've inspired the man to make a coherent intelligable post...a rare ocurrence.Proof that the reason Jack comes here is to screw other peoples minds...compared to him my posts seem like vey small misdemeanors.I can hardly be accused of wasting other peoples' time on the colossal scale he has.
You are 100% correctamundo when it comes to trend. Trend only matters AFTER a directional trade is entered, previous to entry, trend is meaningless.
You know, that was just one day out of hundreds of days. It was very narrow range poor price action day and I was fly fishing for a breakout. I finally caught the big fish and turned a small losing day in to a small profitable day. I had a similar day last Friday, reduced to scalping small profits. There are plenty of days with very high win rates, even days with 100% win rates. The point I was making (and Surf too) is that you don't have to avoid losses by averaging down, or trading with ridiculous stops (or no stops). You can learn to trade the odds and accept losses as the cost of doing business. And these price action tactics are fully transferable to longer time frames. I use the same patterns and triggers on a daily chart as I use on a 5-min chart for day trading. Exact instructions are useless. Experienced traders gave me exact instructions and I ignored them. Experienced traders called entries, stops and targets in advance and I ignored them. I've given traders exact instructions and they ignore them. 90% lose because profitable trading is counter-intuitive. That's why you have so many trading psychologists/coaches out there. Doing back flips is risky and counter-intuitive, too. But plenty of people learn to do them.
Wait a minute,,goddamn...are you suggesting this would create a pretty predictable trend for the forseeable future? Wouldn't that be too much like easy money for any competant trader? Nah,too simple my friend,,you need expert advice..you're suffering under some kind of misconception in which those who manipulate/manage a market don't understand what they are doing,why they are doing it or what the end result will be. Sounds to me like you need some advice about how to fade an "overbought" market that must come down.You need to listen to spanish.Unless he suspects that you can spot a trend.In which case he'll tell you to "fuck off" (he doesn't suffer fools gladly)
Well QE helps the economy, but it depreciates the value of everything, So it is not the bars that are going up, its is actually the the price increments that are getting smaller. But this is probably not going to be seen till people want to see it. For now its becoming a bubble. If QE had had been accepted as a a true boost to the economy, then usually we would expect to see a bit of a jump in gold. This may be the last part of the consolidation but nothing stands out. I havent been keeping up with news. Ill check it out, but no bad news is good news. Especially when technical are so bullish, We need a reprocution, but we are seeing inter country problems and war is a free ticket to print and usually means that some one will be forced to use our currency as a reserve. A country must accept to be broke, if we are distracted by war we simply step on credit monitoring agencies. The economy sucks, It always has it gets worse cause we export our money and blow up those that dont use it or sell oil with gold. Say what you will, we always find a way, heck at one point we detached the dollar from its value. "We " Rule the word Obama is doing a great job with those drowns no bodies coming home,. no need to judge the cost of war. Without repercussions, the population does not taste the harm. so if some one gets pissed of we just assume that they are over exaggerating and let our government deal with it. OBAMA is worse then bush. Bush was clear, OBAMA, he is a nice guy yet there has been absolutely no change in our forun policy. we have actually progressed from where we were. There is not way that state of a country can be made with a 180 degree turn every 4 to 8 years. No, there was a plan and like any plan it must be followed. We also have some gold under our belt which seems to be distancing it self from being a payment to debt. Take our money but don't touch our gold ? What percent of your wealth is invested in the US dollar ? 5 % ?
When they started to talk about Quantitative Easing, QE..... they basically said buy and hold, and buy on all dips. easily the easiest money you can make. if you can't make an easy 100k on these moves... well....you can't find your car in the morning and likely think the sun is an illusion and everything is a conspiracy....