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Re: The Advantages of Trend Trading/Wayne

Exactly. I'ts nice to get past it and its always a learning process anyways. Like my observations on DX breaking out in Nov which was correct and then the run up. And you had mentioned the previous low ran up and consolidated for some time which it had. And this time it did the same thing. So I was very sure and posted the DX chart with every bit of confidence that this trading channel would hold and price would run up just like it should. WRONG. The channel broke down and then I was also sure price would hold on the uptrendline and run up instead. WRONG. So now I don't give a damn about DX and don't care either,lol.......... I gave it my best shot and posted my observations and that's all I can do. It's not about being right or wrong anyways. Its about making money or at least protecting your capital. I have seen brand name traders laugh about being wrong 2/3 of the time and saying their wives laugh at how wrong they are and then laugh about it themselves. I have also read most traders would rather be "RIGHT" than make money. I'm not one of them.

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Re: The Advantages of Trend Trading/Wayne