What is needed to keep aiming at the market with a averaging strategy focused on single-entry positions?
As for the trader's mindset,
the most stable and profitable approach comes from having a firmly established long-biased mindset
Beginner's luck is also tied to a long-biased mindset
Trend following is also tied to a long-biased mindset
Dow Theory is also tied to a long-biased mindset
Yet, you must also keep trusting the market at the same time
If you don't prepare something you can rely on as market intuition
you won't be able to stay conscious and in position
and you’ll end up fleeing from the market
I want a technical that I can trust in the market
Myself, this was Dow Theory and support/resistance,
From a technical perspective,
I think it's the Envelope
Envelope has upper and lower bands near the MA central line,
so although the envelope's trend strength is somewhat ambiguous, you can clearly understand it
so I think it's perfectly adequate as a discretionary method
If you consider Envelope with a long-term parameter
it also lightly functions as a range break
I think it's specialized for discretionary trading
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