“I wish you could help me with a universal idea…”

Feedback in:

Hello Michael Covel. My name is Arison. I taught myself trading. I am a veterinarian but I really love trading. I wish you could help me with a universal idea that identifies trending markets. May I know if you interpret candlestick patterns or you just look at price action? I want to learn from you sir.

Price action only. You need:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.

Candlesticks? No. Toss that idea away.

Filed under Trend Following