This particular strategy employs the monthly Trade Triangles for both trend and timing. This trading strategy is best suited for long-term investors who enjoy holding a position in the market for months at a time. Unlike the other strategies, this long-term strategy requires that you only enter your SAR order(s) on average once a month. As a trading strategy it is exceedingly effective and profitable when the conditions are favorable, is quite straightforward in its methodology, and there are many individuals, past and present, famous or obscure, who have used this strategy to success and riches.
We should note that the technical aspect of trend following is in fact quite simple, but also that it requires, before everything else, discipline, sound money management, and patience from the trader. Trend following is not a short-term method, and patience and determination are as important as correct analysis as a result.Trends are created by powerful underlying economic factors which may not be all that clear to those who are not very familiar with fundamental analysis.