Wednesday, February 7, 2018

Trend Trade & Investment Principle (TTIP)

I have modified the above mentioned principle.

I wasn't happy with the Trend Channel and Bollinger Band as mechanisms to determine if I should make a trade or investment in a trend. Trend Channels are often difficult to draw and prices on a regular basis stay at or beyond the Bollinger Band levels. So I won't use these variables any more.

I will however pay more attention to the larger time frames, the patterns we find there and the corresponding levels of support and resistance to determine if a trade or investment in a trend makes sense.