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ALWAYS REMEMBER:
1) there are MANY ways to compute trend and trend "tightness"
2) trend requires a time frame : 10 bars, 10 days, 10 weeks, 10 years.
example: the 10 year INDU trend is up; as of yesterday, the 10 day trend is
down
> -----Original Message-----
> From: Rene' Muench [mailto:muenchr@xxxxxxxxxxxxxx]
> Sent: Tuesday, February 22, 2000 8:17 PM
> To: Omega List
> Subject: RE: Trend Up ?? down?? simple Question, but the vaguest answers
> I ever heard from Traders!
>
>
> 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.
>
>
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