questions about trends from newbie...!!!
Dec 09, 2012 at 11:16
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2 Replies
Dec 09, 2012 at 11:16
how do u identify a trend, and how do u identify a range?!
what does make u say the trend is started, or a range is started?!
what does make u feel the trend is ended, or a range is ended?!
what does make it a real swing high or a real swing low in uptrend or in downtrend?!
detailed replies are appreciated....
what does make u say the trend is started, or a range is started?!
what does make u feel the trend is ended, or a range is ended?!
what does make it a real swing high or a real swing low in uptrend or in downtrend?!
detailed replies are appreciated....
Member Since Nov 09, 2012
76 posts
Dec 12, 2012 at 10:16
Bisho, professionals usually say that chat pattern are ready for analysing only when they are finished)) It's hard to say anything about charts, because patterns can be also fake) So if I were you I wouldn't trust to charts so much
If you want to end up with a nonaverage net worth, a “learn from someone else” attitude is paramount. Putting your ego aside and admitting that you don’t know it all isn’t easy, but it is the mindset of true winner ----Paul Tudor Jones.
forex_trader_43716
Member Since Aug 06, 2011
345 posts
Dec 21, 2012 at 02:36
I think David has a point. It's easy to identify trending and non-trending price action 'after' the fact, but a little more tricky to identify in advance. You don't know you are in a trend until it is well established, so it would seem a bit pointless trying to identify something that you simply cannot see.
Personally, I use TD_Lines and Projections (Take Profit Target), coupled with Larry Williams Percent Range to time my entries, and back this with a trailing stop. As the trade progresses my stop moves along with the effect of (1) reducing risk, (2) locking-in a breakeven point, and (3) locking-in accrued profits. As new TD_Lines are formed, and new Projections created, I will adjust my Take Profit target accordingly. Hence, whether a trade turns into a short-term or long-term position is totally dependent on how far price action moves. Either way, I make money!
Looks like you are in for some online searching and reading!
Personally, I use TD_Lines and Projections (Take Profit Target), coupled with Larry Williams Percent Range to time my entries, and back this with a trailing stop. As the trade progresses my stop moves along with the effect of (1) reducing risk, (2) locking-in a breakeven point, and (3) locking-in accrued profits. As new TD_Lines are formed, and new Projections created, I will adjust my Take Profit target accordingly. Hence, whether a trade turns into a short-term or long-term position is totally dependent on how far price action moves. Either way, I make money!
Looks like you are in for some online searching and reading!
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