Many people have asked me what I'm doing and how I'm doing it. Basically - it's very different.
This is an educational post. I'm an open book - no secrets. This methodology is a bespoke trend following strategy. It loses! You got that? It also wins.
The job of a trader is to use any methodology to limit losses and maximise gains. That only comes with lots of practice. It doesn't matter which system you use. Perfect our skills on paper trading accounts - Tradingview has an excellent free paper trading account. Blow up no fewer than 10 of those. 😃😂 Seriously it's a good idea to do it that way.
But in my own methodology, I've noticed that when following a trend it is a good idea to take profits in a sudden deep RSI if going short (and very high RSI if long). The rebellions nearly always comes.
In this 2H strategy would be nested other trends on say 5 min or 15 min. Those who need to see more can check my scenario on Gold.
I also combine 'theory of curves' in my trend expectations (not predictions). I predict nothing in trend following. How would I know how far the trend is going? I can't know!
See also EURAUD 1H
Disclaimers: This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
This is an educational post. I'm an open book - no secrets. This methodology is a bespoke trend following strategy. It loses! You got that? It also wins.
The job of a trader is to use any methodology to limit losses and maximise gains. That only comes with lots of practice. It doesn't matter which system you use. Perfect our skills on paper trading accounts - Tradingview has an excellent free paper trading account. Blow up no fewer than 10 of those. 😃😂 Seriously it's a good idea to do it that way.
But in my own methodology, I've noticed that when following a trend it is a good idea to take profits in a sudden deep RSI if going short (and very high RSI if long). The rebellions nearly always comes.
In this 2H strategy would be nested other trends on say 5 min or 15 min. Those who need to see more can check my scenario on Gold.
I also combine 'theory of curves' in my trend expectations (not predictions). I predict nothing in trend following. How would I know how far the trend is going? I can't know!
See also EURAUD 1H
Disclaimers: This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Comment:
I'm showing a similar RSI situation with the Indians. Again we see that rebellion from a sudden fall in the RSI <20. I'm not saying that the RSI is 'the thing'. I'm only saying know what to expect.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
