Discussion in 'Trading' started by bidask, Oct 21, 2008.
What are your stats?
i blew out a demo account in one day using one a few weeks ago. Search my posts for something like "attn: trend followers."
edit - here it is http://www.elitetrader.com/vb/showthread.php?s=&threadid=137242&highlight=trend
I realize that is the opposite of what you were asking for, tho
counter-trend systems always go bust, sooner or later. They work well during finite periods of price consolidation. Once the inevitable directions take hold, counter-trend traders enrich directional traders.
Same thing goes for the trend systems.
<i>"Same thing goes for the trend systems."</i>
The last few weeks were counter-trend?
It all depends on how you view and read your charts I guess.
I'm an avid "Trend Reader". Only charts have "Trends" and price moves either with the "Trend" or counter-trend. If you can read price direction and strength you can profit from both directions.
"One doesn't trade Trends, one trades price as it moves inside a Trend."
13 years with the same account and no blow outs!
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