Tuesday, May 21, 2013

Stay with the trend

Not much to report except that the last 2 days have been a good "go with the trend" days. I've pretty much only traded bonds, and have gone with the ATR trend on all trades. Has been really clean.

Here's an example of how staying with the ATR would've kept one on the right side of this rally in equities.

In the ES chart below, one would've got long on the ATR trend flipping long at 1628ish, and the long trade is still on... 40 pts later!!

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