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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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Hayduke
To: Lee Lichterman III who wrote (82644)11/3/2023 12:31:36 AM
From: Sun Tzu1 Recommendation  Read Replies (1) of 98151
 
OK Lee, part with your wisdom. Is SPX in an uptrend or downtrend right now?

You cannot tell, can you? At best you are going to draw some arbitrary regression channel and say it is at the upper/lower/middle whatever of an up/down/sideways channel. How is that of any use? Especially since you cannot tell when the trend is changing.

I am telling you something very simple. Follow the trend in the shortest timeframe that matches your trading skills. Then when the stock goes extreme by hitting the red/green lines *and* the stock makes out of character move - i.e. shows strength at the green or weakness at the red, take a chance.

This is how all trading works. You spot an anomaly and take a chance before the rest of the market wises up to it. If it is the start of a new uptrend, you will have captured outsized gains because there will be a short squeeze or a big selloff. And if it is not, then your stoploss at the trendline minimizes your losses.

Why is this so complicated for you to grasp? Every trend comes to an end at some point. Those are your ideal entry and/or exit points.

I even demonstrated it for you step by step on Toyota. When the stock violated the downtrend, it was a buy. Once it violated the uptrend in the opposite direction, I took profits.

I don't know if you really don't understand this concept or you just want to play word games.

PS you should most definitely trade a 10 tick trend if you have the means for it. For me, my skills don't go much below the 15 minute bar. So stop playing word games.
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