- generate an entry signal as early as possible into a new trend;
- exit a non-performing trade, if the new trend has failed, as soon as possible; and
- allow our position to run as far as possible on our chosen timeframe until that trend is invalidated.
As I've said before, I can be a bit of a trading heretic, and like to challenge some of the more popularly-held beliefs about how to trade successfully.
Below are a couple of those beliefs which I believe are worth further scrutiny - the use of multiple timeframe analysis and trend 'filters'.