Very good upward momentum, high chance of continuing.

EURUSD only

One thing that has helped me is to always cut both my winners and my losers short. Trends occur rarely, perhaps 15-20% of those moves are big moves. I can guarantee you I'm always out of them. I am content with trying to ride the regular small ...

Trend Trading

Yeah, I always say to people that this is hard work. The pain simply never stops, no matter the years of experience.

Trend Trading

I also think position sizing is more important than strategy. But I will remain reserved on that. I think success in the market is all about position sizing(risk management).cheers

Trader Mentality & Psychology

I didn't say psychology don't count, I said strategy is more important than psychology. You can have the right psychology but no edge, all that means is you going broke much slower.

Trader Mentality & Psychology

The reason people lose money is not because of psychology, it's because they don't understand the game and how it should be played. Psychology counts as much as you have a winning method.

Trader Mentality & Psychology

It's because of the greater impact of commissions on results .

Case for market efficiency and against

There are inefficiencies spanning decades too. Like long term cycles etc. 2008 was one of them, it was the burst of a bubble that had been developing for almost 4 decades.

Case for market efficiency and against

I don't think there is any difference between timeframes. I believe the markets are fractal. The same things happen on different timeframes and also across all markets.

Case for market efficiency and against

So to sum your post, the market is tending towards equilibrium in a disequilibrium manner. I like that.

Case for market efficiency and against

People here can learn alot from you and save them years. Thanks for sharing your knowledge.

Trend Trading

That's why I diverted away from trend following. Too volatile for me. I prefer looking for low risk entry points on the charts. Where i can be right more than 60% of the time with risk to reward 1_2, 1_3, occasionally up to 1_5. It has greatly ...

Trend Trading

I have tried but I can't.

Trend Trading

Yeah you are right on that. In a bull market no price to too high and in a bear market no price is too low. But u can improve on entry or if you cant just jump on the band wagon.

Trend Trading

---On March 10th 2009 Mark Haynes (RIP)--->Rip mark wherever you are. It's part of the process, you will be wrong a lot. I like sending it after it recovers thou from the cleaning.

Trend Trading

OR Stanley drunckenmiller, marty Schwartz ,mark weistein etc.

Trend Trading

I see trend following as comparative to buying an index fund . Good advice but to a young man like me, that doesn't have a lot of money, not practical. To become rich I have to do better than average. To an older person, best advice in the world.

Trend Trading

The S & P has been in an uptrend like forever. Buying everywhere will result in a profit in the long run. But will also result in average performance, which is not bad. The whole point of trading is buying at the low point in the trend and selling ...

Trend Trading

Plus I don't think you can be consistent by being in every trend.

Trend Trading