tag:blogger.com,1999:blog-26012405.post1839854152061988229..comments2024-03-10T12:27:40.157+00:00Comments on the trend follower: Bucking the trendUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-26012405.post-49882860262184824872016-01-09T13:07:20.897+00:002016-01-09T13:07:20.897+00:00Good point. He trades two systems - one being the ...Good point. He trades two systems - one being the standard system as I trade it, the other being longer term - if you like he has his own version of the Turtles S1 and S2. The chart above shows the chart based on my own entry/exit parameters. He entered the trade in October on a breakout based on his own longer-term parameters, which met all his criteria. As it happens, the entry level he used wasn't too dissimilar to those indicated above.<br /><br />Secondly, I'm pretty sure that most traders I know 'personalise' their own approach. They may take someone's rules and tweak them based on their own beliefs. Even amongst the traders I know, they have made changes to the rules that I use, adding new rules or taking bits out. Some use the same basic parameters, but only take end of day entry signals, whereas I use intra-day signals.<br /><br />I don't think the Finnair trade is lucky. He followed his criteria, got the signal and entered the trade. What happens after that is out of his (or any traders) control. The market has to do its own thing. The breakout could easily have failed the day after entering. But that can happen with any trade. There's no such thing as a 'sure-fire' trade.<br /><br />The point of the blog post was two-fold:<br /><br />1) To keep your eyes open to potential trading opportunities which may be contra to the general market direction;<br />2) To reinforce the point that, once you do get into a trade that is trending, then you keep in that trade until your trailing exit level is hit - regardless of what other stocks or indices may be doing.<br /><br />Hope this clarifies.Trader Stevehttps://www.blogger.com/profile/07875469634283453010noreply@blogger.comtag:blogger.com,1999:blog-26012405.post-71723652733948316182016-01-09T12:42:01.012+00:002016-01-09T12:42:01.012+00:00Regarding the Finnair trade, it would be interesti...Regarding the Finnair trade, it would be interesting to know when our guy entered that trade. If he entered at some point that is not in the chart (too far away in the past, before mid July), he would have been got out of the trade around Aug 20-26. If he entered at the breakout around Aug 10, again, his trade would be closed on Aug 20-26. If he entered at one of the breakouts after Oct, there wasn't a low vol environment. So, the most important question of trading can be raised here, too: is he just lucky that he is long Finnair today? (my comment is based on the assumption that this guy is trading based on your methodology, the way I understood your methodology)Anonymousnoreply@blogger.com