What is trend following and how bad do you want it?

joaquinfxtrading
Many times I wonder if my system or style of trading is making any progress. Heck yes it is! I had a down week this week which was my first down week in the past 3. I lost about 40 pips or so all week. However, in the past few weeks, I have had some huge gainers. The biggest thing about this week was I took only the trades that met my criteria. I didn’t force or “manufacture” trades. There is not one trade I made this week that I regret..
The great news is this has been a choppy, non trending week in the currency markets. On Thursday, some trends began to develop or continue and next week should pose some great opportunities.
So here are this weeks trades.

3 weeks ago, my profit was 376 pips
Last week, my profit was 60 pips.
This week my loss was 40 pips.

I am happy with the results and will continue to hone my skills.
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All that being said, I want to talk for a few minutes about trend following. What is the definition of trend following. Hang on and let me google it…

According to wikipedia… trend following

Trend following is an investment strategy based on the technical analysis of market prices, rather than on the fundamental strengths of the companies. In financial markets, traders and investors using a trend following strategy believe that prices tend to move upwards or downwards over time.
So what the crap does this mean? It means that each trader has to use whatever the crap they feel comfortable with. I could be a trend follower on the 1 minute chart or on the weekly chart. Well what if I dont use Donchian channels? What if I dont use MA crossovers?
Who the crap cares? Trend Following is a technique to follow the trend. Thats it. It is not a reversion to the mean strategy and not a scalping strategy to capture the least amount of pips possible. 
When does trend following work? I will answer that by saying, ” Look at any chart. Is it trending up or down? If yes, would you like to hop on board and see if it goes to the moon? If yes, then do you have your stop in place?” I mean come on people! Some douchebags try to make it so freaking complicated. No one can tell you when it will work until after the fact.
Is there any proof whatsoever that trend following works? Absolutely! Here is a link you might wanna check out for proof http://www.barnesandnoble.com/w/trend-following-analytics-michael-w-covel/1112356373?ean=9780131875647
and here is a nice free resource http://www.trendfollowing.com/performance/
This post is all over the place today and really has no flow but I am just jotting down my own thoughts so that I may review these thoughts in the future so if you do not like what I am saying, I am super sorry but try not to be offended.
There was some chitter chatter on facebook this week about a famous trend following author named Michael Covel. All this talk surrounded something like, ” Does he trade his own account?” 
Who freakin knows? and so what? Who freakin cares? He has compiled the largest data base of the worlds riches hedge fund people. He shows you how “kinda” they did it. No arguement can be made about that.
So what if he is an asshole? Again I ask, “Who cares??” I mean come on people! Are you here reading this page to bash someone or here to read more about how others have done it so you can do it too?
There is one guy this week who private messaged me and pretty much told me that he didn’t have time to do any research. He demanded that I send him some shit but didnt want to look where I told him to look.  All I have to respond to that would be, ” If you do not have enough time to research, then don’t expect anyone who has spend tens of  thousands of hours of research to help you.”
Look, to be a profitable trader, you WILL devote your life to this craft or you WILL fail. There is no other way around it and this will be the one and only post this week where I will give the people who want a free ride the time of day.
I will tell you like I tell my own son, “DO your homework. If you do not understand something, research until you are blue in the face. No one will help you-nor should they- until you have exhausted every other opportunity available. There is no free ride in life. But if you want something so bad you can taste it, then you will start understanding because that never ending drive will propel you forward.”
Here is a video that talks about this. I urge you to watch it.
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