The finest in trend trading - DEBUNKED

[jaquille]

The Forex Store

… Most traders and their systems lose. One reason is because they find themselves on the losing side most of the time. Traders talk of “waves”, “trends” and “cycles”. But they never agree on which way the “trend” is moving. One way of winning the game is to only look for one direction. Eventually, you will catch a wave in your direction. Think of it this way, if at the beginning of each day you had to place a “bet” either long or short, how would you bet? If you tried to guess which way it was going you could have quite the losing streak. If you always guessed long, how many losses in a row might you have? Over the last 100 days, the answer is 6.

One can not construct an edge, they can only “discover” or “uncover” it. If you “cut your losers short” and “let your winners run”, you can make up your losses in a few trades. Let’s say you started out with bad luck and had 6 losses in a row. If you risked 2% per trade, you are down 12%. If you get lucky on your next trade and hit the 100 pip run, you have a 20% winner and are up 8% overall. And all you did was trade the same direction each and every time. No indicators. No analyzing. No drawing lines. No predicting. No multiple time frames. No anything! Sounds simple, doesn’t it? That’s because it is.

Consider it the art of trading without trading.

If traders can’t agree on the trend then how can it exist?

If “trend” exists then why are the so called experts and “talking heads” wrong so many times?