The finest in trend trading

[Buckscoder]

About patience.

It is sort of the biggest pieces in everybody’s lesson. If you have no patience, you will lose. Sooner or later. Likely sooner.

So, whoever feels time pressure has to go back right to start (without earning more money) and take a break.

[jaquille]

About patience.

It is sort of the biggest pieces in everybody’s lesson. If you have no patience, you will lose. Sooner or later. Likely sooner.

So, whoever feels time pressure has to go back right to start (without earning more money) and take a break.

Most of the time is spent waiting for something to happen anyway.

[Buckscoder]

Most of the time is spent waiting for something to happen anyway.

But there are other choices than just betting on boring currencies or joining flame wars:

• going to beach
• eat
• don’t eat
• looking at beautiful girls (opposite if the reader is a girl + straight)
• speaking with beautiful girls (opposite if the reader is a girl + straight)
• flying around
• shopping
• …

[jdash]

Most of the time is spent waiting for something to happen anyway

yes, they sometimes wait and dream that they can debunk a thread easily

But there are other choices than just betting on boring currencies or joining flame wars:

• going to beach
• eat
• don’t eat
• looking at beautiful girls (opposite if the reader is a girl + straight)
• speaking with beautiful girls (opposite if the reader is a girl + straight)
• flying around
• shopping
• …

nice

[Aarnog]

OK, thanks :). Patience is a great quality and we don’t need to hurry in the learning process.
But just one thing, I didn’t say [U]confusing[/U], I said [U]hard to understand[/U] or simply [B]difficult[/B]. I’m just trying to combine something difficult with the KISS formula

That was my bad, I read your post, then went and made a snack, putzed around on the internet, and then replied to your post. Sometime between reading it and replying to it I probably twisted your words around.

Either way, I’m sure any difficulties will be resolved with the volumes of examples and Tymen’s excellent teaching style.

[Clint]

Hi, Buckscoder

You posted this over on the [B]Bunko[/B] thread:

The finest in trend trading - DEBUNKED

I am from Europe and there is a phrase in my native language. I’ll try to translate that:

[B]Arrogance comes short before falling down![/B]

That’s either a verse from the Bible, or a saying based on a verse from the Bible.

Proverbs 16:18

[B]Pride goes before destruction, and a haughty spirit before a fall.[/B] (English Standard Version)
[B]
Pride precedes a disaster, and an arrogant attitude precedes a fall.[/B] (God’s Word translation)

[Buckscoder]

Hi Clint,

I replied via mail, because I won’t disturb more here in thread.

[soul786]

Hi Clint,

I replied via mail, because I won’t disturb more here in thread.

Thank you for being the bigger man in this case and opting to end the babble with jaquille. Sorry to see he couldn’t be the first.

OK, thanks . Patience is a great quality and we don’t need to hurry in the learning process.
But just one thing, I didn’t say confusing, I said hard to understand or simply difficult. I’m just trying to combine something difficult with the KISS formula

Things may seem difficult right now but don’t fret just yet. Tymen is one of the best when it comes to explaining (I refer to the candlestick method threads) and though things are broken down and seem all over the place right now, I can bet a pretty pip he’ll get it all together concisely.

I look forward to discovering the definition now. I’ve already come to see the differences between my previous conceptions of a trend and what Tymen is suggesting now.

[Buckscoder]

Thank you for being the bigger man in this case and opting to end the babble with jaquille. Sorry to see he couldn’t be the first.

Ur welcome. At least in this thread. Tyman is doing a great job here, what I can see. I guess I know what I am talking about.

[soul786]

Thanks for your words. I will keep on the learning with an [B]open mind[/B] and with patience. And if at the end it results impossible for me personally to [B]keep it simple[/B], without doubt I will ask for help in that specific matter. In my personal case, the most complicate I make things, the worst my performance results.

Take things step by step. If you’re new you won’t understand everything right away. I’ve been at this over 6 months and still wish I understood things at a deeper level. But going back 6 months, I had trouble deciphering pip values so it’s a good feeling knowing I’m making some progress.

[Synergistik]

I guess from a math point of view I would define trend as a general monotonic (everywhere increasing or decreasing) behavior in price action within a specified time frame.

[Synergistik]

In our trend trading we would only be interested in [U]efficient trends.[/U]

These have the advantages of easy trendline placement and quick entries/exits.

Using these definitions allows us to get a better picture of what retracements are - price action candles going in the opposite direction of our trend.

To get a better understanding of this, we look at the following chart >>>

No attempt has been made here to draw the trendlines accurately - I am only trying to show the direction of the price action.
Green is up, red is down.

The blue line is a general trend line.

The more efficient the trend, the closer the price action hugs the trendline and the [U]retracements are smaller.[/U]
We can live with small retracements as our trend moves forward.

But I would submit that in an [U]inefficient trend[/U], the retracements can be very large - indeed they are no longer just retracements - [U]they are whole new trends on their own.[/U]

This is clear in the example of the fully zoomed out EURO/USD with the yellow bar across it.
This is a very [U]inefficient uptrend [/U]and when the yellow area is fully magnified in the next post above I stated…

In fact this yellow area is a downtrend all on its own.

[B][U] Temporary Conclusion[/U][/B]

[B]Efficient trends have minor retracements but inefficent trends have whole new trends seated within them.[/B]

Wouldn’t then an inefficient trend, simply be consisting of two trends, in opposite directions?

[Synergistik]

I was going to mention signal to noise ratio. then you come up with efficient and inefficient trends which is sort of the same thing. Inefficient trends are noisy. Efficient trends are not noisy. Not sure of the exact mening of volatility but I equate that term with noise. Is there a way to measure the noise level, and subtract it to find the signal / trend? You don’t seem to be going in that direction but it seems like an interesting idea.

as for my earleir post, I’ve always been the class clown. sorry

Yes, as the subtrends diminish, that is get small, there should be a more stringent tolerance, to be able to determine the trending from the noise. If subtrends are like atoms, discrete, then they should there should be a limit to their size. Anything else is subatomic!

[Synergistik]

This might be a next generation idea to the theory, but would should also consider trends in relation to their surrounding supports and resistance lines. For example, if price action is smack dab in the middle of a support and resistance, and trending up, this might be an indication of either certainty or uncertainty in the trend continuing. As if gets close to one, more/less certainty.

Just newbie thoughts.

[akeakamai]

Thanks for your words. I will keep on the learning with an [B]open mind[/B] and with patience. And if at the end it results impossible for me personally to [B]keep it simple[/B], without doubt I will ask for help in that specific matter. In my personal case, the most complicate I make things, the worst my performance results.

open mind, patience, simplicity. You might be a new trader but you’re spitting out gold nuggets on this forum :eek:

write those concepts on your wall with a jiffy marker if you have to. You just summed up the perfect attitude of a winning trader. Those 3 concepts in unison will create confidence as you continue to trade, just don’t forget them!

[MattJones]

I’ve subscribed to this thread and I’m also going to write some things down on my wall with the marker. Actually, it’s not my wall it’s a whiteboard - lol. Anyway, the information shared in here is gold.

Best Regards,
Matt Jones .

[johnnykanoo]

Tymen great thread so far. Its nice to see people talking and learning. I can’t wait to see your trendline indicator and how it works.

[tymen1]

[B]My apologies to all that I have not posted today[/B]. :o

I have been hit by a mass of interuptions (I did not even trade) and also had to go shopping.

I will do my best to post tomorrow since it is 1.30 am here now.

Please bear with me in this very difficult subject - it is not easy to plan the curriculum. :eek:

Because of the lateness of the hour I cannot reply specifically to each post, much as I would like to. (tomorrow!!)

I am glad readers are learning something.

For those who think matters are complicated just now, I can assure you that major relief is coming.

Everything gets simplified, [U]without losing accuracy, [/U]as we go on!!

[B]Please keep posting!! [/B]

[kockneerebel]

Excellent information takes time to sink into dense grey matter

[simonjf77]

Take your time, Tymen, do what you need to do.

Your thread is top quality so you don’t need to rush it