When there’s a trend, even if you’re trading on momentum (following the trend), you can win at anything.
When a trend is present, you can win with anything, whether it’s a trend-following approach or not
Basically, only a trend-following stop loss—eventually, the trend-following wins and profits
If you’re going to do line trading
If you’re going to trade by gauging the trend
Putting in indicators just gets in the way
If you’re trading with stop losses, the main chart alone is absolutely better
Trading with stop losses using indicators makes you lose surprisingly easily
Envelope counter-trend trading with trend-following is a fluke win
Entering with a trend-following breakout could be the holy grail
If you’re trading with stop losses
It’s valuable only if you can pinpoint with precise analysis
In the end, if pinpoint accuracy is achieved by line trading, the value of analysis is meaningless
Analysis must be conditional on a single indicator signal
Even if multiple indicators, they must be at the same indicator level
Williams %R and MACD do not align
Williams %R is a fast indicator
MACD is a slow indicator based on MA cross, so it’s not usable
Thus, unless signals from multiple indicators align, using several is a waste
If you use MACD alone, MACD can be a usable indicator—just that
In the end, trend-following is only trend-following, and counter-trend is only counter-trend
Because, except for envelopes, other analyses have too many downsides to be useful
Only envelopes will suffice
Recurrence theory
Dow Theory
Random Walk Theory
Prospect Theory
If markets are about repeating patterns
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