First off, I know what a trend is, but I'm looking for a more precise opinion.
Q1. What timeframe would you be looking for a Trend?
Q2. What is the minimum length of a trade in a certain direction, before u deem it to be trending
Q3. Do u use an indicator to determine if a trend has begun?
How Jacko Identify Trend..
DETERMINE THE TIME FRAME THAT YOU WANT TO TRADE.
1. If the graph on the chart starts in the bottom left hand corner and ends in the top right hand corner, the market is going UP.
2. If the graph on the chart starts in the top left hand corner and ends in the bottom right hand corner, the market is going DOWN.
Nampak mudah...
So
every timeframe has a trend that you can trade. Sometimes the trend of
one timeframe will be in the opposite direction of another time frame.
It's generally considered dangerous to trade a smaller trend running
opposite of a larger one.
One rotation of a higher high
or lower lower followed by a higher low and or a lower high and then
another higher high/lower low.
In one of the Joe Ross manual, he defines certain spots where
1. a new trend is "defined"
2. a new trend is "established"
Say you have a downtrend...and later an uptrend
then the sequence goes:
...LH-LL-LH-LL-LH-LL..*[...]*..HL-HH-HL-HH...
(LH = lower high, LL = lower low, HL = higher low, HH = higher high)
the q is: what has happened in the *box* ?
a: a trend reversal process
However.. You can look at SMA slope.. then decide either the trend is up or down...
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