Ep. 997: Some Surprise and Origins with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The History of Trend Following
Trading with a trend appears to be the only important forecasting principle which can be derived. Trend Following Methods in Commodity Price Analysis by Richard Doncian appeared in the Commodity Yearbook of 1957. Every good trend following method should automatically limit the loss on any position, long or short, without limiting the gain. Whenever a trend, once established, reverses quickly, there is always a point, not far above or below the extreme reached prior to the reversal, at which evidence of a trend in the opposite direction is given.
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