Is Trend Really Your Friend? - Traders Hideout | futures io social day trading
futures io futures trading


Is Trend Really Your Friend?
Updated: Views / Replies:5,657 / 52
Created: by aligator Attachments:5

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 5  
 
Thread Tools Search this Thread
 

Is Trend Really Your Friend?

  #11 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received

You've identified a range going from A to B, how do you call the movement of prices moving from A to B?

Reply With Quote
 
  #12 (permalink)
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
Favorite Futures: NQ, SB, 6J, CL, GC
 
Massive l's Avatar
 
Posts: 1,458 since Mar 2011
Thanks: 922 given, 1,821 received


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
Reply With Quote
 
  #13 (permalink)
Elite Member
Bay Area California
 
Futures Experience: None
Platform: TT T4
Favorite Futures: Futures
 
Posts: 719 since Nov 2011
Thanks: 635 given, 740 received



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."
Reply With Quote
The following 4 users say Thank You to addchild for this post:
 
  #14 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received


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.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following 4 users say Thank You to tigertrader for this post:
 
  #15 (permalink)
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
Favorite Futures: NQ, SB, 6J, CL, GC
 
Massive l's Avatar
 
Posts: 1,458 since Mar 2011
Thanks: 922 given, 1,821 received


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
Reply With Quote
 
  #16 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received


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.

Reply With Quote
The following user says Thank You to tigertrader for this post:
 
  #17 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,069 since Aug 2011
Thanks: 967 given, 2,624 received

Hey Gary

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

Dan

Reply With Quote
 
  #18 (permalink)
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
Favorite Futures: NQ, SB, 6J, CL, GC
 
Massive l's Avatar
 
Posts: 1,458 since Mar 2011
Thanks: 922 given, 1,821 received


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
Reply With Quote
The following user says Thank You to Massive l for this post:
 
  #19 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received


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.

Reply With Quote
 
  #20 (permalink)
Market Wizard
Las Vegas, NV
 
Futures Experience: Advanced
Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
Favorite Futures: Futures
 
aligator's Avatar
 
Posts: 3,424 since Aug 2010
Thanks: 1,053 given, 5,822 received
Forum Reputation: Legendary


No need for that, let's keep the trend cordial. All input is valued.

Reply With Quote

Reply



futures io > > > Is Trend Really Your Friend?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Hello my friend puppeye Chinese Traders 5 December 10th, 2017 11:38 AM
Law Enforcement is Not Your Friend kbit News and Current Events 0 August 23rd, 2012 10:40 PM
Would you recommend trading to a friend? Big Mike Traders Hideout 31 October 27th, 2011 08:39 PM
Man's best friend Ausy Mick Off-Topic 2 October 27th, 2011 08:37 PM
The swoop and squat...where slippage is your friend RM99 Commodities Futures Trading 3 July 29th, 2011 06:59 AM


All times are GMT -4. The time now is 09:20 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.18 seconds with 40 queries on phoenix via your IP 54.82.56.95