Everything Flows

A prophet is notsomeone with specialvision, just blind towhat others see.1

What is a trend? The question has hit me for over a decade. You don’t spot trends. You don’t find trends. You react to market movements, and hopefully at the end of a big move, a big trend, you will have made great money from that big trend.

Consider an example to better make my point. A new trader asked: “I am new to trend following and wish to ask you what your favorite chart is for determining a given market’s trend? Daily, weekly, yearly, hourly?”

One old pro trend trader responded: “Your list lacks options for minute, second, and millisecond. If you want to go for the really high-frequency stuff, you might try ...

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