Nostalgia to me a year ago reading the forums and seeing wave types and wondering “how will I ever make that?”
I’ve decided to add an additional category, FTrend, or fake trend. I defined it to be anytime the third leg does not exceed the first leg, or other wise known as the additional logic of 3>1 to be a Trend, and 1>3 as FTrend.
If there is an assumption that there’s a difference between Trend and Ftrend on future development, the the left section is the correct one to be reading. if they are assumed to be the same, the right one is correct. Either way, it’s really showing the strength of trend following, which honestly is a bit strange to me. It makes sense, but you would think that if it was so clear and so well taught, more people would be successful using it.
Next, I want to take a dig into the Trend Spotting thread that was linked in the Similarity thread. Interesting that Mr. Patrick was active in that thread when it was created in 2010, would love to know some of your thoughts on it if you played around with it (: