|
PureBytes Links
Trading Reference Links
|
In it's simplest form this is what the replies are stating:
I haven't seen anything as vague as this. Although I was believed that most
on the list are traders and have to deal with the questing weather a trend
is up or down sideward on a day to day bases.
If I use the answers give I am not surprised that 80% of people loss!!!!
How may higher highs and or higher lows qualify for a trend to be up down??
Bye
Rene'
______
up trend = higher highs and higher lows
dn trend = lower highs and lower lows
Trend Up - higher highs...
Trend Down - lower lows...
__________________
It IS more complicated -
By this definition you could have higher highs AND lower lows, but that
wouldn't be an up trend. More of a nightmare!
________________________________________
I think you must decide upon a frequency of trading and series of
data. Example if you make 50 trades a year on a hourly chart. Then
your idea of what a trend would look like is 4 or 5 days of upward or
downward price movement. If you trade on a daily chart and make 3 or 4
trades a year then your idea of a what a trend is maybe 1-3 months of
upward or downward price movement. So to sum up a trend is relative to
the trading frequency vs the primary dominate cyclical price action
which is about 75 % greater than the average mean range movement.
_______________________
The important part is to always look at the same time frame. A trend can be
up in 5 minute chart and most definitely down on a 45 minute chart.
____________________________________________________________
Personally I subscribe to the Vic Sperandeo method of drawing trend lines
and
identifying changes in trend.
________________________________________________________________
Higher Highs and higher lows is trend up so down is lower highs and lower
lows. Time is not part of the equation so the term is rather vague.
|