As per title...
- Joined Sep 2008 | Status: hardcore chartist | 2,173 Posts
Distinguish "Slip" and "Re-quo" 12 replies
How do you differentiate between retracement and reversal? (In fibonacci) 5 replies
Trend Slope retracement 19 replies
Easy way to distinguish weekly info. on metatrader? 2 replies
POLL- Trend Reversal or Retracement 0 replies
DislikedDepends on your scope. A retracement on a weekly chart would quite easily be distinguished as a long trend on a 1 hour chart or lower. Not sure on what the point is as there is potential to make money on both and just saying your trading with the trend does not guarantee that you will make money long as it depends on your entry and as you don't know where you are at in a trend until in the future all you can do is trade your signal and manage each trade for what its worth.
All to often traders focus on the trend and only buy in a bull trend and...Ignored
Disliked...... All to often traders focus on the trend and only buy in a bull trend and sell in a bear trend,
they also tend to hold loosing trades based on this believing that the trend will eventually come back and return positions to the positive......Ignored
DislikedIn my experience the opposite is common. Traders don't focus on and should trading with the trend, which is the higher probablility play.
But the second part I agree, most then will hope the trend bails them out instead of using proper trade managament and having a stop in place and not "adjusting" it.Ignored