#fida

A friend said that he used the trading method in "Trend Trading Method", but why couldn't he make a profit?

I also referred to the trading logic in "Trend Trading Method" in the early days, but I found two big problems.

The first is that the process of confirming the trend requires the use of trend lines and channel lines, but both lines need to be drawn on the chart subjectively. Different traders will connect two different points, and they may draw completely different channel lines. If you do technical analysis, these two channel lines may not be very different, but in actual combat, different channel lines may mean the confirmation or non-confirmation of trend reversal. If you confirm, you need to enter the market, if you don't confirm, you can't enter the market, then it's messy.

The second is to enter the market with the reversal K line, and the reversal pattern of the K line cannot be fully quantified. There are many explanations of the reversal K line in the book, but it has never been accurately defined, that is, there is no clear standard. You may encounter similar patterns in the real market, and you will be entangled in whether to enter the market, which is also a very bad state.

Therefore, we can refer to some of the technical logic of this book, but we must standardize all our trading behaviors so that our trading strategies can be executable.