The finest in trend trading

[jaquille]

Wheres I comes from, we all dont like dem sunday preachers dat take all the dang day long to preach. We like it when dey sez what dey gots to say and be done wit it.

Can we have an Amen?

[jaquille]

Jaquille:

I request you to stand by your word. Please stay away from this thread if you are not going to add anything better than those expressive icons.

Regards,
Muthu.

But it’s ok for Buckscoder to quip?

DOUBLE STANDARD.

Remember, it’s in the BabyPips forum rules that you have to make a joke.

4. Have fun. If you don’t throw in a corny joke with your posts, it will get deleted…just kidding! But do try to have fun!

[Buckscoder]

But it’s ok for Buckscoder to quip?

DOUBLE STANDARD.

Holy smoke. I just told you, you must be a genius. Anything wrong with that?

Somebody cries like a baby, act like a baby and probably is a baby, but you are a genius! I seriously hope I can join your groupie fan club one day.

Wasn’t this a debunking thread, was it? Well, to be really seriously, your writings amuse me. Keep on rolling …

Well jaquille, take it easy please. Today is my profit day and if my loss day will come, I will cry, too. But I won’t point to others about that.

Oh, I see, this was the other thread. I am getting older and make mistakes. Hopefully not in trading.

To be really serious about my opinion: I learned more from Tyman in one day than from your stuff in 2 months. Subjective matter, though. Plus, it includes that I learned from you also, doesn’t it? Ya know, I learn from anything and everybody. Not to throw that to you, but I learn also from others mistakes. Without debunking it. I say one time what I guess and that’s it. If anybody can’t or won’t follow, her/his decision. As long as I make profit, my pleasure.

[Aarnog]

I think it’s only confusing so far because we haven’t fully defined what a trend is - it’ll clear up soon, don’t worry!

If you are still confused, don’t be afraid to ask questions!

[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 .