This is Trend Following Radio, where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covel, not filtered, raw, honest.

That's my passion.

Episode 955, 95, I did a little podcast called Price is It because I've been seeing a lot of emails from people and they're confused. They're confused about trend following and they're confusing it with every other thing under the sun. And I tried my level-headed best

in episode 9-55. I tried my level-headed best to say price is it. I tried. I tried like hell.

And I got a lot of feedback. People are writing me. Most people seem to get it.

They seem to get what I'm saying, that price is the variable upon which you make your trading

decisions. But not everyone gets it. They think they get it. And they write me to collaborate,

to share, to tell me about their experience. But invariably, they don't

seem to understand price is it at all. For example, I get an email from a very nice guy. He seems to be in the

financial industry, an advisor of some sort in a Tony's section

of Florida where people have plenty of wealth.

And he says, Michael, good work.

I listened to your last podcast, what the price and what I see and have found looking

back is trends that are rising and falling within channels.

He asks me a question.

Is that action still a trend?

He asks me another question.

Is a swing a trend, not a traditional one?

Examples and rattles off several futures contracts like copper, etc.

Let's tear it apart.

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