My second month with PSW coincided with the huge increase in volatility and big drops of August 2007. In the midst of that craziness, Optrader posted a significant thread on his trend following strategy. This situation has recently been repeated, with the big drops on Nov. 8-9. Collected here are a bunch of those postings, arranged to give a beginner background on the strategy.
Farther down, after the comments describing the strategy, there are two case studies following Optrader’s moves through the big adjustments downward in the market (so far) this year, in August and November. There is an annotated QQQQ chart tying comments to the 15-minute candles for closer study.