Why do prices trend? I get the price action part of it, but why do they sometimes follow this very fluid motion. With accumulation/distribution, that I can understand. But why an up or down trend? What is the mentality of the market when this trending occurs?
A TA system that I'm refining. This is my first post on ASF!
1. Stock must be in a lower price trend
2. Price trend must be matched by a bounce in the Stochastic Oscillator
3. Price must breakout from down trend or consolidation, this is when entry occurs
4. A stop is placed 1 to...