Which is essentially my point. Any decent trend follower would not be buying now as you keep saying, they would already be long.
And that's the key right there...YOU have never seen a trend following system that works...I've never seen a one-eyed midget but that doesn't mean one doesn't exist... the whole basis of how I trade relies on identifying the trend and trading in the direction of it because 1.) you can tilt the win rate "just a little" in your favor, and 2.) you can achieve winners much larger than losers by cutting losses and letting winners ride....try that counter-trend trading and let me know how it works out for ya The last time I checked, that's the proper way to consistently make money trading Also, just because you see a trend doesn't mean you blindly jump on board...every trend is not tradable
http://www.elitetrader.com/vb/showthread.php?s=&postid=3732586#post3732586 This is what typically happens to those who try to trade against the trend...
Yeah, tell that to the 600 plus points of pure profit documented in surf's special situation journal-- Just in January this year. Price Drivers are on FIRE. surf
I'll grant you that trend is super important, but only AFTER the trade is entered-- prior to entry, its meaningless. surf
You mean decent like the best ones in the world? LMFAO!! 2012 results chesapeake -17.8 dunn -18.6 eckhardt +3.9 hawksbill -13.6 hyman beck -19.6 millburn -5.3 rabar -14.3 sunrise -20.0 transtrend +0.7
I wasn't going to mention it but now that you have you're right. I've seen this a hundred times, probably even been guilty of it myself. smurf can't make TA work for him so he makes it his purpose in life to convince the rest of us we can't either. Someone can't successfully trade with the "trend" so they assume no one else can either. A guy keeps losing his wad day trading so presumes that no one can day trade. Same thing with options, futures, dating super models...