wow! This NQ trading is fun!
Yeah, It's fun for sure when you are making money..... I just follow the signals, but I do get whipsawed sometimes, and that's not fun... An important point below for us trend traders. I don't guess I just trade the signals.....
Long = SDS VXF = Cash
"But, got to be careful because political issues seems to be having more influence that TA or FA today."
Please read below Brother... NONE of THAT matters to my SYSTEM... I JUST TRADE THE SIGNALS....win, lose or draw.... VST trading is different, and much easier to get whipsawed. That is why I sell VXXB so quickly. However, the SDS and VXF are part of my trend system. I have my own system, but trend traders live by the comments below - if you are a true trend trader and not a market guesser.
- At Fibtimer we are "trend followers." We respond to what "is" happening instead of predicting or forecasting what might happen. We "follow" price and allow the changes in price to tell us "when" to enter or exit a position.
Using price to determine trend does not allow trend traders to enter at the exact bottom, or to exit at the exact top. In fact, trend traders do not try to forecast the market, but instead let the market tell them when to trade and in what direction.
Trend traders wait patiently for prices to tell them a trend has begun. Then they jump on board. If the trend fails, they exit quickly to control losses. Price tells them when to enter "and" when to exit. If the trend continues, trend traders have no predetermined profit goal. They stay with the trend until it reverses.
Cutting losses quickly and staying with a trend until it ends is how trend traders realize huge profits in the financial markets. The financial markets are trending "about" 80% of the time. That means trend traders are profitable 80% of the time. During the other 20% trend traders keep losses very small so that they are ready when the next trend starts.
This does not mean 80% of their trades are winners, just that they are in the plus column for that 80%. If you have three losing trades of 2% and one winning trade of 18% in a year, you finish with a 12% gain, even though most trades were losers. This fits the old saying, "cut your losses short and let your winners run.
https://www.fibtimer..._commentary.asp
Edited by robo, 25 March 2019 - 09:29 AM.