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Hi Clement,
Tuesday, January 25, 2005, 8:38:29 PM, you wrote:
CC> I would appreciate if you can comment on how to determine a trend
CC> is up or down or sideway?
CC> I have checked different resources and I learn some of the possible ways to
CC> determine an up trend...
ADX(20)>>30;
ADX(20)>>30 AND PDI(10)>MDI(10);
C>>MA(C,10) AND C>MA(C,20) AND MA(C,20)>MA(C,50);
C>>MA(C,50) AND C>MA(C,200);
C>>MA(C,10) AND C>MA(C,20);
CC> (ADX(10)+ADX(20))/2>=30 AND PDI(10)+PDI(20)>=MDI(10)+MDI(20);
CC> I know this may be a complicated question without a perfect answer. I am
CC> learning to determine a trend so I can buy ONLY when a trend if moving up.
CC> Any input is very much appreciated.
You are right; it's a complicated question. "Trend", however, can
only be defined in conjunction with "holding period". A trend on a 5
minute chart is just noise on a daily chart.
My best advice for you would be to browse through hundreds and
hundreds of charts in the time frame you want to speculate in, and
then get an idea of what "trend" means . . . to *you*.
This is the way to become a trader. Any advice you get along this
line is likely to fit the market of the advisor much better than it
will fit *your* market. Good luck, and good study.
Yuki
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