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Is Trend Really Your Friend?
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Is Trend Really Your Friend?

  #11 (permalink)
Elite Member
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You've identified a range going from A to B, how do you call the movement of prices moving from A to B?

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  #12 (permalink)
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trendisyourfriend View Post
You've identified a range going from A to B, how do you call the movement of prices moving from A to B?

Trend, counter trend, or mini trend.
I'm a "range" trader. That's why the "trend" at the end is my friend.
But the new move off my range could be considered counter trend or new mini trend.

Psychology > Strategy ≥ Money
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  #13 (permalink)
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aligator View Post
Not if the markets are trending only 20-30 percent of the time. For day trading, one might do heck of lot better for his time and effort to learn trading non-trending periods of markets at 70-80 percent of the time.

Thinking of most day traders frequently getting whipsawed in trending markets, the trend could be their worst enemy. But of course, that is not what the non-trading gurus would pontificate.

Trend and range are two sides of the same coin, if either exists they both exist, and likely in about equal measure. It's a naive argument to assert one isn't prevalent in modern markets.

The only enemy a trader has is himself, and his inability to separate the wheat from the chaff. Which just makes them bad traders, independent of the strategy they employ.

"If I agreed with you, we'd both be wrong."
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  #14 (permalink)
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addchild View Post
Trend and range are two sides of the same coin, if either exists they both exist, and likely in about equal measure. It's a naive argument to assert one isn't prevalent in modern markets.

The only enemy a trader has is himself, and his inability to separate the wheat from the chaff. Which just makes them bad traders, independent of the strategy they employ.

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  #15 (permalink)
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aligator View Post
Understand trends on micro or macro scale. While it may be easier to use a trend trading strategy on a daily or weekly chart, try the same on a 1-minute chart; one will not survive to see the daylight trend trading on a 1 minute chart unless one has deep pockets to trade without stops or owns the trading house (like casinos).

As for swing, position, and long term trading, the point in simple words: If you keep a position overnight you are not day trading. Trades initiated off a 15 minutes chart and closed day(s) later are not considered day trading.

If they can wait for the day, I believe a trend trader can be successful on a 5 minute chart (or 1 minute, see below) using the previous days range as the foundation.

The timeframe (vertical) isn't as important as the prices (horizontal).

My system identified today as a trend day and I have a specific strategy for such. I used to trade it frequently
However, I've had continued success trading my "ranges" that I don't see any need to go for the day trade trend plays.

Psychology > Strategy ≥ Money
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  #16 (permalink)
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aligator View Post
Understand trends on micro or macro scale. While it may be easier to use a trend trading strategy on a daily or weekly chart, try the same on a 1-minute chart; one will not survive to see the daylight trend trading on a 1 minute chart unless one has deep pockets to trade without stops or owns the trading house (like casinos).

As for swing, position, and long term trading, the point in simple words: If you keep a position overnight you are not day trading. Trades initiated off a 15 minutes chart and closed day(s) later are not considered day trading.

Who gives a flying f*ck what you call yourself. Personally, I trade the market. How I trade the market is dependent on the context of the market. Why would I trade the market the same way every day, when the market doesn't trade the same way every day? The problem with any discussion on trends is that trendlines are in inevitably brought into the discussion as a metric for the beginning or end of trends. Trendlines for the most part are about as arbitrary as any tool in trading gets - you can keep drawing them ad infinitum until you make your point.

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  #17 (permalink)
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Hey Gary

@tigertrader what do those two graphs represent again....showing momentum and reversion based on time of day?

Dan

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  #18 (permalink)
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tigertrader View Post
Who gives a flying f*ck what you call yourself. Personally, I trade the market. How I trade the market is dependent on the context of the market. Why would I trade the market the same way every day, when the market doesn't trade the same way every day? The problem with any discussion on trends is that trendlines are in inevitably brought into the discussion as a metric for the beginning or end of trends. Trendlines for the most part are about as arbitrary as any tool in trading gets - you can keep drawing them ad infinitum until you make your point.

I guess nobody really cares but it's something that's easy to do to give others a sense of your style.
I prefer trading 1 setup over many instruments rather than 3 setups over a smaller number of instruments.
I don't feel I trade the market. I used to when I focused on ES day trading and had my trend play, my range plays
and my closing play. Now I feel I trade a 1 style, regardless of the market. My focus is on what has worked best.

Psychology > Strategy ≥ Money
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  #19 (permalink)
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Massive l View Post
I guess nobody really cares but it's something that's easy to do to give others a sense of your style.
I prefer trading 1 setup over many instruments rather than 3 setups over a smaller number of instruments.
I don't feel I trade the market. I used to when I focused on ES day trading and had my trend play, my range plays
and my closing play. Now I feel I trade a 1 style, regardless of the market. My focus is on what has worked best.

Not knowing what that one style is, I really can't form an opinion. However, it does sound rather limiting.

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  #20 (permalink)
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No need for that, let's keep the trend cordial. All input is valued.

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