Determine Trend Direction

This is a discussion on Determine Trend Direction within the First Steps forums, part of the Reception category; Originally Posted by EnlightenedJoe I said no such thing. I said demo pips made him nothing. It's a warning about ...

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Old Jul 24, 2017, 5:02pm   #31
 
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Originally Posted by EnlightenedJoe View Post
I said no such thing. I said demo pips made him nothing. It's a warning about demo pips and those who chase after demo pips.
The point was that he did in fact used the same risk management strategy in his real trades and that is what made him money, because he can actually control the risk through the betting size...
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Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Jul 24, 2017, 5:09pm   #32
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The point was that he did in fact used the same risk management strategy in his real trades and that is what made him money, because he can actually control the risk through the betting size...
Retiring early is a sign it didn't work.
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Old Jul 24, 2017, 5:15pm   #33
 
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Retiring early is a sign it didn't work.
Or a sign that at age 50+ one doesn't want to run a business anymore, manage people, do all the regulatory paperwork and have more than enough money to trade them only for himself and enjoy life and play golf all day with friends...
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Jul 24, 2017, 5:19pm   #34
 
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Originally Posted by cbrads View Post
One of the ways I define a trend is bar closes above/below a moving average (typically 5 EMA) this can be applied to any time frame, but for me and my trading style it will range from M5 to H1
A nice example on both the 15 minute and 5 minute charts today from the 14.30 open, blue line is 5EMA. It not normally this easy or obvious btw!
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Old Jul 24, 2017, 5:27pm   #35
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Or a sign that at age 50+ one doesn't want to run a business anymore, manage people, do all the regulatory paperwork and have more than enough money to trade them only for himself and enjoy life and play golf all day with friends...
Possible.

But people who don't play demo pips are more motivated because the reward is way better. Take soros, he now looks like the emperor from star wars and he still wants to work. Take warren buffet. Have you ever heard about these people play demo pips ?
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Old Jul 24, 2017, 5:39pm   #36
 
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Originally Posted by EnlightenedJoe View Post
Possible.

But people who don't play demo pips are more motivated because the reward is way better. Take soros, he now looks like the emperor from star wars and he still wants to work. Take warren buffet. Have you ever heard about these people play demo pips ?
We live in 21st Century, so indeed everything is possible... And Soros and Buffett do back tests based on past data, as far as I know no one has invented the crystal ball yat...
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Jul 24, 2017, 5:47pm   #37
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And Soros and Buffett do back tests based on past data
That's just your wishful thinking. Economic value is not determined by past data. It is determined by current data.

If a shop had 10 trays of cakes on the shelf last week, it has no bearing on how many trays on the shelf this week.
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Old Jul 24, 2017, 5:55pm   #38
 
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Originally Posted by EnlightenedJoe View Post
That's just your wishful thinking. Economic value is not determined by past data. It is determined by current data.

If a shop had 10 trays of cakes on the shelf last week, it has no bearing on how many trays on the shelf this week.
How do you think Buffett evaluates a company? Looking only at the data from this week or maybe the last two weeks?
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Jul 24, 2017, 5:59pm   #39
 
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Originally Posted by FractalTraders View Post
Objective: Build a master list of methods for determining trend direction.
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Originally Posted by FractalTraders View Post
Please read the thread objective before posting. Thanks
Are we getting a bit off track lads?
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Old Jul 24, 2017, 6:02pm   #40
 
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Are we getting a bit off track lads?
Yep sorry, looks like we are both very passionate and it got completely out of hand...
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Aug 11, 2017, 11:05pm   #41
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I use :

Regression analysis

true velocity

and working on something called market momentum ( nothing to do with what is found on TA software)

and more in future
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Old Sep 23, 2017, 3:08am   #42
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Originally Posted by EnlightenedJoe View Post
That's just your wishful thinking. Economic value is not determined by past data. It is determined by current data.

If a shop had 10 trays of cakes on the shelf last week, it has no bearing on how many trays on the shelf this week.
The only wishful thinker here is you because This an obvious , stupid and incorrect statement, by definition there is only past data and data in the future. If you can determine it then it is already past data making the idea of " current " data BS.

Listen boy, take from your superiror that you need to trade bigger to be able to talk big , yeah ? otherwise leave the real trading to the real men and not little peewee boys like you.
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Old Sep 23, 2017, 3:13am   #43
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Originally Posted by EnlightenedJoe View Post
Retiring early is a sign it didn't work.
Obviously it 's not going to work if you trade 0.15ppp , this rate you'll be 546 before you even have a chance to retire.

The penny Soros strikes again HAHAHAHAHA....
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Old Sep 24, 2017, 7:12pm   #44
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Originally Posted by FractalTraders View Post
Objective: Build a master list of methods for determining trend direction.

Aspiring traders will benefit from a single point of reference for developing this particular ability. OP will be continuously updated with convenient links to the different strategies.

Please post anything you don't see on this list.

1. At a Glance
2.
3.

John
We don't count on luck.
many old school sucessful traders have a simple answer to this

1) look at chart
2) if the trend doesnt leap out at you....move to next chart until you find a chart that does

so if you have to look too hard it aint there .....wait till it is

N
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