tag:blogger.com,1999:blog-26012405.post8812854823264502565..comments2024-03-10T12:27:40.157+00:00Comments on the trend follower: Sit tight to make big moneyUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-26012405.post-14149042111573843122013-03-20T18:48:05.284+00:002013-03-20T18:48:05.284+00:00Each trend system has its own parameters to determ...Each trend system has its own parameters to determine when to get in and out of a position (usually an x day high or low - x being one the parameters chosen by the trader). There can be more one trend in place at a time - for example, on a daily chart there may be an uptrend, on the weekly chart there may be a downtrend etc.<br /><br />I use scans which tell me those that meet my criteria (including a trend filter). From there it is a question of the 'look' of the chart, the current volatility in that stock or instrument, as well as other considerations like the spread etc. As Ed Seykota states in his MW interview 1) the long term trend 2) the current chart pattern 3) picking a good spot to buy or sell (the breach of the x day high or low).<br /><br />In addition if a stock is already extended in an existing trend they would be excluded from the scan results.<br /><br />Hope this helps.Trader Stevehttps://www.blogger.com/profile/07875469634283453010noreply@blogger.comtag:blogger.com,1999:blog-26012405.post-25116285247807687122013-03-20T15:37:13.190+00:002013-03-20T15:37:13.190+00:00That is one of THE great quotes. But with the NMC ...That is one of THE great quotes. But with the NMC example what would have been the signal? It didn't hit a 1-year high (230ish)until end of January (still a nice trade I guess). December was only a 2 or 3 month high - wouldn't you get 100s of these every time you scan the market - how to filter them except by manually trawling through? Thanks.Anonymousnoreply@blogger.com