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marco33

2,457 Posts.

203

02/06/17

19:45

Post #: 25073169
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Originally posted by baird ↑

You will never see me refer to an hourly chart to give trend , way too much noise hence I talk of 1 day ,2 day even 6 day .
Pull up a daily chart of coffee, sugar, soybeans , put a simple bollinger band or even better a Hurst band and you will see easily we are in a downtrend well defined. But the bands will tell you you should be on alert for a trend change , you then need a daily trigger to go long with stops .
Pull up a crude chart and see the easy long trade triggered may 5 , ride it to the top on may 25 , then the signal to go short. You can do the sums on what those trades were worth .
All the while mountains of opinion was calling for a either a rise to 60 bucks or a fall to 30.
Simple trend following would put you on the right side of the trade ,all the while the experts gave you their worthless opinions
cheers.... off

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Agree re dailys etc.. merely looking and refering to hourlys because its Skols fave for charting..
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