Recent content by OMF

Thanks for your reply. What I mean is that I look at 2 minute bar charts not 2 minute trend. If I put a 50 period moving average on this chart then it really becomes a 100 minute trend. The trends sometimes last a good one or two hours though. the problem is always is when is a trend close...

I assume all traders who use a trend following model have a criteria or rule that tells them when a market has entered an uptrend or downtrend. How important is it to catch a trend early. With 24 hour markets quite often when I get behind my desk in the morning there are already some...

Quite often breakouts out of a consolidation phase are so violent that if you are not in the tradeakreadt, by the time you get a pull back there is nothing left of the trend or it has reversed. Should one wait for the pull back or not. Any idaes??

I am glad I put this thread on. I am very confused but it seems thats OK. No one seems to be in agreement on anything. I am begining to question the wisdom of getting into trading!!

S&R Hmmm. Often by the time a market comes back to a support or resistance it has had its move and it probably has already reversed. How does one differentiate between su&R that is going to fail or the ones that will not. I appreciate its not easy, but any pointers??

Thank you LV. You have given me food for thought.

What other method would you advocate for establishing trend. All techniques seem to crash in consolidation phases of the market OMF

I have been trying various moving averages and combinations of moveing averages to develop a trading sytem/method. They seem to generate too many trades and most of them losing ones. Any one has got any suggestions?

Does anyone use TradeStation4 with windows XP professional. I have a problem with this combination. I get a message "security block missing" Does anyone know how to solve this problem. Thank OMF