BlogSeptember 25, 2023Michael Covel

“I learned that Trend Following is not all and only price, price, price…”

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I checked out some famous trend following successes. I learned that Trend Following is not all and only price, price, price. Mr. Seykota uses EMAs, congestion areas of supply and demand zones (volume based). Fibonacci zones which are often price and volume oriented, even the technical golden cross-over of two selected exponential moving averages with reference to a selectively chosen time frame.

If your method is solely price and nothing else, that is to say, there is no other reference except price, then I cannot understand it, and emails of the type I am addressing are not going to educate me. My background prevents me from biting most hooks.

All the best to you,
Richard

Trend following is price only. Period. No value. No predictions. No fundamentals.

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