Trend following is the bedrock for many great traders throughout recent history. Trends are where big money is made. Trend following is not “trend predicting”. No one can predict trends accurately over a long period of time. One thing we can do is follow a trend once it emerges. The biggest earners as traders in 2008 were all trend followers. Whether it was the credit market or the currency market some trend followers personally made as much as $3 billion dollars in a single year! Watch this video to learn how the market moves and the five questions that trend following answers.
December 23rd, 2009
Cecil
with your set up is there any way we can get your modified 50 EMA where it turns colors under different trends?
Also is there a different name for the MO I see on your chart I can not seem to find it in my charts?
Thanks
David
December 23rd, 2009
Hello David,
Not really, but it is reserved for our members. It is easy to follow though, just use closed candles and highlight over the line on each closed candle to determine the price that it closed at. If it is moving up then you may buy, if it is moving down than you may sell. We do have a little extra programming for our members hence the gold part of the line in sideways markets. We switch systems when the line is gold and use only a counter-trend system. It is fairly simple.
The Peru line is a magical super top secret indicator that only works on my charts.
The MO is also a proprietary indicator and is only used for one trade setup and not as a stand alone indicator.
Sorry if I couldn’t be more help. Let me know if you have additional questions.
Best regards,
Cecil Robles