Are You Addicted to New Highs and New Lows

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Are You Addicted to New Highs and New Lows?

Maybe because it is discussed in most basic trading books, and is a often referred to as a “break to new highs (or lows),” that trading a new high or new low seems so appealing. Most traders are taught by basic strategies or free guides to trade an uptrend by buying (shorting) when the price surpasses an old high (low)…as this “confirms” the trend. While this can be profitable some of the time, quite often it won’t be. If you go through your charts you will frequently the price just eclipse an old high or low and then quickly retreat back the other way. This essentially makes you feel like you took a trade at the worst possible time.

The New High and New Low Fallacy

As indicated before, I am not saying buying on new highs or selling on new lows never works. Of course it can be profitable some of the time. And in the next section we will like at how to increase your odds if you are going to buy new highs or sell new lows.

On figure 1 I have marked moves new to highs, during a strong uptrend in the S&P 500 ETF. Red arrows mark new highs that quickly moved back below the entry point within a few bars, making the profit potential extremely ambiguous. Green arrows mark rallies to new highs where the price stayed above the former for at least a few days, making it likely at least a small profit was made.

Figure 1. S&P 500 ETF Daily Chart

10 trades are marked, only three were likely profitable, and 7 could have very easily been unprofitable. Not a very high probability strategy if you ask me.

I used the S&P 500 because it representative what of what you see in most stocks, and most assets overall for that matter. While this is a daily chart, these types of results are typical when trading any time frame.

So why is this? Why doesn’t buying on new highs (shorting on new lows) work as often as it should?

If you have read my day trading articles or any of my strategy article you’ll know that I am typically looking to buy during a pullback on an uptrend (see: Trade Middle Waves for a High Probability of Success to see the type of entry I am talking about) or sell on a pull-up during a downtrend.

Since I trade traditional markets, use a stop and profit target, and during an uptrend my target is usually placed just above the former high. In other words I am getting out of my trade as most novice traders are getting in! I would assume that other professional traders are doing the same thing, which means that as the price makes new highs (or lows) professionals get out and there is nothing left to keep pushing price higher, which typically results in a move back the other way and a loss for the novice.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Although, there are occasions when I don’t get out of a long position when the price breaks to a new high, and may even by a new high (short at a new low)….

Increasing the Odds on Trading New Highs or Lows

One trader who popularized the buy new highs (short at new lows) strategy was Jesse Livermore back in the early 1900s, and was one of the most successful traders of all time. Jesse was very good at picking and trading only the most powerful stocks though, and got out of a trade immediately if it didn’t surge beyond the former high.

The same thing applies today. I will buy as the price makes a new high if the price is moving extremely aggressively and it looks like it will continue to run. If the price is slowly approaching a former high, I have no interest.

Figure two shows a trade I posted in a former article which did warrant buying a break to a new high. Notice how the EURUSD has a big drop and then surges back to the former high, has a minor pullback and then makes another surge. I bought on that breakout, because based on the recent price action it looked like the price could keep heading higher. It only under very “strong” conditions that I buy on new highs or short on new lows.

Figure 2. EURUSD Day Trade – 1-Minute Chart

There are time that buying on new highs or selling on lows will work, and there are even times I do it. But a large number of the trades based on this strategy aren’t likely to work out. If you are going to trade this way, only do it when there is very strong price action and the price is likely to continue to run well beyond the former high or low. Otherwise, I would advise looking for earlier entries, like the pros do.

Are You Addicted to the Roller-Coaster Relationship?

Ah, the roller-coaster relationship. You know exactly what I am talking about. You have either seen one or have experienced it first hand. They are over the top relationships that are in blissful ecstasy one moment, and plummeting to the depths of dysfunction the next. They are characterized by a pattern of extremes, either high or low, with very little to no middle ground.

From an attachment perspective, the combination that most often contributes to this roller-coaster relationship is the pairing of the anxious style with the avoidant style. Here is why. The anxious attachment style has a strong inherent need for intimacy, while the avoidant style has a strong need for autonomy and independence. When the anxious partner moves toward the avoidant partner for intimacy, the avoidant actually takes a step back in order to maintain their intimacy buffer. This results in the anxious partner ramping up their protest behaviour, causing the avoidant partner to employ their deactivating strategies. The outcome? A never-ending roller-coaster ride of building up closeness, than creating division. The temporary highs feed the needs of the anxious partner and the lows feed the needs of the avoidant partner. The key word here is temporary. This dynamic clearly isn’t the most satisfying or fulfilling, so why don’t people just get off the roller-coaster ride? It isn’t that easy.

The roller-coaster relationship is an all consuming one. The highs are magnificently high and the lows are devastatingly low, either way both are equally intense. The trap with this relationship is that those who have experienced it start to mistake the intensity for passion. The relationship is literally an emotional roller-coaster with constant pulling away and making up. Unfortunately this drama gets mistaken for passion. And we all know that no extreme highs and lows equals no passion, equals boring, equals doomed to fail, equals why am I even trying?! Not quite. I can’t even begin to tell you how many times people who are reentering the dating world after leaving an unhealthy roller-coaster relationship tell me that the new prospects they are dating seem too boring. There is not enough passion or its too quiet. Even to the point where they start to provoke conflict or fights just so they can have that extreme high and intensity.

When you mistake drama for passion, you’re forfeiting your chance to date a secure partner. How come? Two reasons. First, secure partners are often repelled by drama. They know how to communicate their needs and don’t like to play games. They won’t put up with chronic protest behaviour or deactivating strategies from their partner. Secondly, those who get addicted to the roller-coaster relationship (especially anxiously attached partners) enjoy the intensity of the high times. When they meet a secure partner, they often find them boring and disqualify them as a match. Sounds harsh, but it’s true. The good guys get overlooked for all of the wrong reasons.

I am here to set the record straight!

Passion does not equal drama and secure does not equal boring. Both anxious and avoidant styles are best paired with a secure partner. If you knew that a secure partner will be responsive to all of your needs, support you and be consistently emotionally and physically present, you might actually give them a chance and see them in a different light. Nice guys don’t finish last, in fact they often make it to the finish line with secure and lasting relationships. If you are on the dating scene and you are an anxious or avoidant attachment style, seek out a secure partner. They will be comfortable with your needs and are known to create the secure buffering effect.

If you are currently in a roller-coaster relationship or marriage, don’t fret. Knowledge and understanding can help to improve any relationship dynamic. Well, knowledge and understanding mixed with some hard work and motivation for change ��

Next week we will discuss how to escape this anxious-avoidant trap and get off the roller-coaster. Many of you are already past the dating stage and are in long-standing relationships. These relationships can be improved by learning how to effectively communicate and by implementing secure principles. Come back next week and/or subscribe to the mailing list to get the post directly to your email.

If you are finding these posts helpful, please remember to share them with a friend and help others build a stronger lasting connection ��

Wishing you love and connection,

Levine, A. & Heller, R. (2020). Attached: The New Science of Adult Attachment and How It Can Help You Find—And Keep—Love. Penguin Group, NY: New York.

Highs, lows, and plateaus…

For my last blog of 2020, I thought I’d take a quick look at some of the highs and lows of the year that I have been involved in or around this profession of ours. So if you’re ready to hear some back-slapping and some back-stabbing then come with me as I take a look back at 2020.
In general, it has been a fairly torrid and tumultuous 12 months for me both personally and professionally, but it also has been a big 12 months for the UK physio profession with some big changes to its structure and way its governed. However, physiotherapy is no stranger to ups and downs, and others have discussed the rollercoasters this profession tends to go through.
Over the years there have been some big claims and high expectations about how effective various different treatment techniques and modalities within physiotherapy could be for some conditions and pathologies. Unfortunately, this year the research and the critics (myself included) have shown and highlighted that a lot of these are not as effective or useful as some would like to believe or claim.
This has caused a lot of debate, disagreement, and disillusionment for many physios who often feel their efforts and hard work are nothing more than placebo and that the profession has no real future. However, some are beginning to realise that physiotherapy can have a key role in modern healthcare if it follows the evidence better, ditches the low value, ineffective treatments quicker and recognises its role lies more in providing simple, honest, advice and education, and promoting and advocating the benefits of physical activity and exercise.
Like most others, I have been riding this physio rollercoaster right from the beginning of my career when I was full of high expectation and anticipation thinking I could help people with pain and disability. I was taught and led to believe that the many different manual therapy techniques and corrective exercises I had learnt would be reliable and effective.
Unfortunately, it wasn’t long into my career that I became hugely disillusioned and despondent as I realised my training and education had left me woefully unprepared and ill-equipped to help those I was seeing. The more I read the research critically the more despondent I became, and I will be honest and say there have been many times I have thought about leaving the profession.
However, I can now say that I have reached the ‘plateau of productivity’ and although I still find my job frustrating and far from perfect, it is far more rewarding and satisfying now that I have ditched the crap and clutter and am realistic in what I can, and more importantly what I can’t or don’t need to help people with.
It is this plateau of productivity, or expanse of effectiveness, or plain of common sense where I want more physios to reach, and hence my efforts and attempts on here and other social media platforms to promote a more simple, honest, and evidence-based message and way forward, which leads nicely into my first high of 2020…!

Highs

Without a doubt, one of the highs of 2020 for me has been the success of my course. I have been extremely fortunate that in the last 12 months I have been invited to 11 different countries, done 25 courses, and spoken to well over 600 therapists. I would like to personally thank everyone who has kindly invited me, helped organise and attended one of my courses.
Not only have you put up with me for two days ranting and raving about shoulders and various other issues in and around physiotherapy management, but you have also helped me realise that many of you have the same issues, frustrations, and concerns that I have, giving me hope that our profession is in good hands and will endure despite the many dinosaurs and idiots determined to hold it back.

[wpvideo OAPV0XJc]
I am also grateful for the feedback and suggestions I get on how my course can be improved, and although my course is mainly focused on the management of the shoulder, the principles I think can be applied to many other areas. So thanks to your feedback I hope to launch my new course soon simply called “Physiotherapy; Complex doesn’t have to be Complicated”.
This new course will aim to give those attending the confidence to overcome the barriers and common myths around simplification in this profession of ours that just loves the opposite, but more importantly, it aims to give the evidence that simple advice, education, and active interventions are effective for many conditions.
Another high for me this year has been the continued growth of this site with more and more of you reading these bloody things. What first started as just somewhere for me to rant about my issues and frustrations with the profession back in 2020 with a grand total of 9,342 views for the year, has grown into a site that now has over 150 evidence-based blogs and has had over 1.2 million views this year alone.
This simply blows my fucking mind that these posts and rants of mine are read by so many, and I will admit it does make me a little more nervous when I write them and occasionally makes me check my spelling and language a little more… but only a little bit! Anyway, thanks to you all for reading and sharing these posts and for all your comments and feedback… well mostly… as with the increased number of visitors so comes the increased number of stupid, daft, and sometimes downright nasty comments I get, and this leads into my lows of 2020…!

Lows

Now I am no stranger to receiving nasty comments and personal attacks due to my strong and unpopular views on many things in this profession that often challenge and confront others own views and opinions, usually around the effectiveness and usefulness of manual therapy and other passive interventions and treatments.
And I’m not going to act like I am whiter than white and without blame here, as I am well aware that I do rub people up the wrong way, sometimes purposefully, but often unintentionally with my mannerisms and language. I also know how I express my views and opinions can be a bit ‘rough around the edges’ but as I have said many times before… tough shit
However, this year has been without a doubt one of the worst I can remember with regards to personal attacks, not just because of the number of them, but more for the nasty, vindictive, malicious nature of them, and who they have come from. This year I have had two serious attempts to smear and discredit my personal and professional reputation by some of our most senior members from some of the most popular orthopaedic, sports, and manual therapy interest groups in the UK, USA, and Australia such as the MACP, IFOMPT, WCPT, IFSPT, and AAOMPT.

These unfounded and ultimately failed attempts have tried to remove my licence and ability to practice as a chartered physiotherapist, as well as attempt to censor or at least discredit my views and opinions on manual therapy and other passive interventions. However, these complaints are a thin and pathetic disguise for these individuals own fear, frustration, and jealousy of the platform I have via my social media profile, and because I threaten their own vested interests.
Many of the individuals who have attacked me this year are closely linked with the promotion and selling of their interest groups memberships, training programs, and accredited qualifications, not to mention their own personal courses, and to put it simply I threaten this hugely profitable business for them.
I have and I will continue to challenge physios that they don’t need to spend thousands of pounds, euros, or dollars as I have done on extensive courses or group memberships that promise you much but deliver little. These often only try to teach you overly complex and technical ways to rub, poke, prod, prick, stick, or click patients yet they all ultimately have little to no specificity and add very little to your ability to be an effective physiotherapist.
Personally, I hope that most of these interest groups are soon a thing of the past. Why the musculoskeletal profession needs so many different groups is beyond me and some others. Personally, I see them as a huge barrier to our progress with their mixed messages, elitist closed group mentalities, and hidden agendas of selling courses and subscriptions thinly disguised behind promoting best practice and career progression.
Now you may think this is a bit rich and hypocritical coming from me who also sells a course to be calling out others who run courses, and yes it is a bit. However, although I do earn an income from my courses I don’t rely on it as others do. I am and always will be a full-time clinician and my courses are ever only extra-curricular activity whilst people are interested in what I have to say and do.
And before you accuse me of discrediting all post-graduate learning, I know that there are many, many excellent courses out there run by some ethical and sensible clinicians, and there is no doubt that continued post-graduate learning and education is essential for all of us. However, I would ask you all to consider your post-graduate training and courses a little more carefully in the future and perhaps consider potential conflicts of interests and financial biases that some of these groups and individuals have, including mine!
Finally, to finish on a positive note, one good thing that has occurred from this whole nasty fiasco is that the profits from the sales of my slogan t-shirts that first triggered many of these complaints this year have raised just over £250 for the charity Save the Children so thank you all for that. If you would like to help support this charity my t-shirts can be bought online here.

Plateaus

To finish off my review of 2020 I want to talk about a couple of events that have happened this year that I am hopeful will bring some much-needed level ground to our profession in the UK.

The first is the landmark changes to the CSPs council and its committees with a radical streamlining from 27 members to just 12. This is an effort to remove the unnecessary delays and organisational difficulties that such a large group of council members create. The smaller council will hopefully make our professional body more fit for purpose and able to keep up with changes in policy and practice that are constantly needed. I also hope it will reduce the number of members who have biases and vested interests for some of the special interest groups I have already mentioned.
The other event that I have big hopes for is the call for Reasoning, Responsibility, and Reform or the Big R’s. This project I hope will help drive forward more responsible clinical reasoning and much-needed change for the profession. However, if my call for the removal of therapeutic ultrasound machines is anything to go by, it’s in for a rough and challenging ride.
In summary 2020 has been like most other years, full of ups and downs, highs and lows. However, I am hoping that this new year of 2020 is the start of more physios reaching the ‘plateau of productivity’. I hope that more physios recognise and tolerate the uncertainty in our ability to diagnose why things hurt and that pain is a multifactorial presentation which often we will not fully understand. I am also hoping that more start to recognise that many of the treatments we use are surrounded by uncertainty about how they work and have some serious limitations in what they can do. However, this doesn’t mean physiotherapy is useless, in fact, if used responsibly and rationally physiotherapy has a strong and bright future.
So finally I wish you all a happy, healthy, and successful New Year and look forward to writing more in 2020.
As always thanks for reading!
Adam

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Trading Secrets
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: