Comments on: Why You Should Turn Off Indicators on Trend Days

By: Dadadad

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By: Berry Myra

Berry Myra — Thu, 10 Feb 2011 21:44:33 +0000

This is a great strategy, I'm going to try it out. I usually use Candlestick, MACD and stochastic to predict the trend of DJI.

By: AtT Best of 2009 Part 1 | Penny Stock Trading System Blog

AtT Best of 2009 Part 1 | Penny Stock Trading System Blog — Sun, 14 Feb 2010 10:07:15 +0000

[...] Why You Should Turn Off Indicators on Trend Days [...]

By: 5 and 15 Minutes of Downside Doom in the DIA | Afraid to Trade.com Blog

5 and 15 Minutes of Downside Doom in the DIA | Afraid to Trade.com Blog — Wed, 02 Dec 2009 04:08:40 +0000

[...] – Turn Off Indicators on Trend Days. You’ll save yourself thousands of dollars. Do not read any positive divergences into the [...]

By: sandew

sandew — Sun, 28 Jun 2009 16:05:46 +0000

Try CC1 (3) instead of CCI (20). Dont trade in overbought / oversell

By: sandew

sandew — Sun, 28 Jun 2009 11:05:46 +0000

Try CC1 (3) instead of CCI (20). Dont trade in overbought / oversell

By: Reggie Perrin

Reggie Perrin — Sat, 31 Jan 2009 06:38:13 +0000

This is an excellent post and this theme has both made me money ….but more importantly SAVED me money.

J : Once the m avs have caught up with price (ie 1 or 2 hrs into the day) you know this outcome is a possibility / probability.

Personally I hate the trades, with low volume, stops sitting there and having often to wait a few hours, but if you fight it then the day’s stress and p/l is painful.

Hindsight Harry can be a good teacher.

Well Done

By: Corey Rosenbloom

Corey Rosenbloom — Sat, 31 Jan 2009 02:53:24 +0000

Anon,

In all actuality, I sold short just before the arrow after the spinning top/doji at resistance. I exited as price tested the prior lows and the 200 SMA. And I sold short each of these three times. I took more trades than that during the day, but I did take each of those opportunities.

If you look back over all my trend day posts, I teach the exact same thing every day. Sell short (or buy) any pullback to the 20 or 50 EMA with a stop just beyond it.

Also, please remember that I am not telling you the trades I took on the blog post. My blog is not about self-glorification. I do these free posts to teach you the best opportunities through the day, and that by studying the chart in hindsight, you will develop your pattern recognition skills to act with confidence during the trading day.

By: Anonymous

Anonymous — Sat, 31 Jan 2009 01:23:59 +0000

I think your down arrows conveniently placed with the perfect vision of hindsight is just as misleading as the false signals of the indicators. You can’t tell me you would have sold short on that first arrow. None of those candles were bearish until the big red bar 3 bars later.

By: Corey Rosenbloom

Corey Rosenbloom — Fri, 30 Jan 2009 18:28:12 +0000

The “enemy” of a Trend Day is the Rounded Reversal. The difference is a close (preferably two bars) above the 50 EMA. That is the official line in the sand. As of this writing (1:30 EST) it looks like we got at least 2 bar to close above it triggering the stop-loss and then price quickly fell back down, signaling a possible bull trap. Just a nasty whipsaw perhaps.

Either way, if it turns into a trend day or RR, the stop – just above the 50 – is close relative to the reward, giving you edge. One can always re-enter if your stop is hit and then price reverses back down.