I've not seen this sort of stuff before on Tradingview, so I do apologise if everybody knows about it.
I show how I used both a microtrend change on a 15 min time frame and a macrotrend position to get a suitable entry position on Japan225. Note carefully, that this is not a 'win'. I totally expect to lose but if that happens the loss will be minimal. If however...
Is finding your 'true friend' a psychological issue? Absolutely! We normally think of 'friends' as people - and that can be something of a mistake (based on personal experience), as I explain.
Your true friend in trading is right there hidden in the backdrop behind the candles - and that's why you see no candles in the screencast.
So I'm saying, find the tools...
In this screencast I show a different way of tackling the markets. This is about trend-following which is a pretty difficult methodology - but it is the most powerful and potentially rewarding.
I show how I made a decision to short.
I am not promoting my own methodology. I encourage all new and seasoned traders to explore different methodologies to find what...
Trend following is not easy because:
1. Finding trends requires a high level of attention to detail.
2. Removing disbelief as an emotional response.
3. Having lots of patience.
I explain a few difficulties I've encountered.
I'm showing another way with trend-following that I'm experimenting with. I invite all traders to get involved, so some back testing on paper-trading accounts and see if we can work this thing. Let's share and grow together.
I'm exploring the psychological torture of managing equity gains - mostly in trend-following. I shall not go into methods. I wish to distinguish trend-following from trend-continuation trading. Those who do not know the difference can read up on the net, or start here.
At the outset traders will have watched their positions move into much positive equity in a...