Re: XARD - Simple Trend Following Trading System
Posted: Wed Mar 25, 2020 4:59 am
Rob, great story about Dr. Joe. Thanks for that.
This sums it up perfectly. Others should take note of this and go back through chart history to see how effective it isSenior Rob wrote: My understanding of what he was telling me is this:
Buy when prices are moving up. Buy each retrace/dip. Keep buying until the last retrace becomes a trend change which is the one trade you lose on.
Sell when prices are moving down. Sell each retrace/rally. Keep selling until the last retrace becomes a trend change which is the second trade you lose on.
Obviously, the trendier the price, the better it works.