Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
KT Lin
-
Content Count
1 -
Joined
-
Last visited
Everything posted by KT Lin
-
Great thread, Tim. I agree that 20 MA is the easiest way to identify a short term trend. 60 MA and 200 MA are good tools to identify mid and long term trend. To me, however, the most difficult part is to stay in the trend and get out at the reversal (not too early, not too late). Nicolas Darvas has this box method to monitor his trade. This method works pretty best in a bull market with weekly chart, but less than satisfactory in a sideway market, where most of the trends are short term trend. When you trade on lower timeframes, there are more market noices and you will be stopped out more often than with larger timeframes. Even with a long term trend, it is difficult to decide whether the retracement of the price is merely a pullback or a reversal. So when to get out? Anyone has any thoughts there to share about? KT