I accidentally deleted my first draft of this so this is the condensed blunt version. *Leaving Tradelandia*
Imagine your friend Bob is throwing a big party this weekend and it sounds like it's going to be good one.
The trend is movement. The trend is whether or not people are going to the party... not necessarily the quality of the party itself.
One more time; THE TREND IS WHERE PEOPLE ARE GOING... not which is "better".
Numerous factors contribute to the "trend" for his party. It's possible there's going to be amazing food, lots of entertainment.... and still not having anyone attend.
Maybe it's because the party is on a weeknight, there's traffic, or another friend Sarah is also throwing a party at the time.
The trend is where people are going.
For beginner investors Pretend you didn't know Bob's party is an outdoor party and it's raining. "The trend is your friend" can shield you from making the mistake of not knowing or factoring these conditions into your decision because others that do know this information, will be using it in their decisions and going to Sarah's party. The fact that the trend is to go to Sarah's means, you don't have to make the mistake of thinking "I bet everyone will be going to Bob's because he's serving Pizza"... and then be wrong since everyone else knew about the rain.
For intermediate investors Imagine you are running late and you call a friend to decide which party to go to. The friend says, "Bob's party is better and there are more people here!". THIS IS NOT THE TREND. The trend is not a static snapshot. It's possible a big group of people agreed to go to Bob's party first, then head to Sarah's. As you head to Bob's, this group heads to Sarah's. You get to an empty party at Bob's with the food gone and missed the fun. You should have been asking your friend, "by the time I get to the party, will more people be arriving? are people leaving by now? Even if the party is fun, will it be as fun once I am there?" Even if you're friend didn't give you much insight and just said, "Most people are leaving the party in the next 10 minutes"... it likely is enough information to not need to know why they are leaving. That's the trend.
For advanced investors Do you get caught up in party details and speculating event turn out? Are you wasting time crunching numbers, asking what food will be at the party, and other information... only to find out you're calculations didn't result in figuring out where everyone else is going? Some last minute party came up and everyone went there? Are you at Bob's party annoyed that Sarah's party isn't as fun and everyone would like Bob's more? Maybe it's time you step back from over antipicating, wait to see where most people are going, and go with them. After all, that's the objective anyways right? Getting to the party fashionably late is better than never and you took less risk waiting.
Feel free to add any other cheesy examples in the comments and blow this up.
Hi @RagsToCoins what is the kok agr and kok cons indicators you are using? I cannot find them to add them to charts. Thanks
Rule72
⋅
The "fair market" breaks down once some know what others do not. Insider trading, but that happens every day in all markets and few are caught. Then there is the infamous market manipulation, but that also happens in all markets. What to do? Follow the pressure - trend, decision points. Many thanks.
Shadowlytics
⋅
@Rule72, Thanks for the added thoughts and I couldn't agree more!
Great job, thanks! May I ask what are those "kokoro" indicators/strategies and on what are they based?
Shadowlytics
⋅
@victobio, astrology. Jk. Checkout the Ichimoku indicator. That's all it really is. It's a well-established indicator that takes a lot of information and represents the data well. For crypto, you'll want to tweak the standard settings to the ones I have here (20,60, 120,30). It works great on lots of different timeframes but I prefer 4h and 1d. I'll dump my greatest insights around it into a different post. Check out the other posts using it... this indicator does not lie my friend 😂😂
verybadwizard
⋅
@RagsToCoins, much appreciated man! Out of curiosity, how did you get to those settings?
Nicolewoods
⋅
Amazing
NicoleLomazowLowe
⋅
I appreciate Your work,sir.
Shadowlytics
⋅
@NicoleLomazowLowe, Thanks for the support! I'll be sure to keep pouring out the insights.