Thanks for the reply and for the time and effort you put into it. I agree with much of what you say but this thread is an attempt to help those just starting out or those who like myself posess limited mathematical/statistical knowledge they may, ...

Trend- what is it?

Hi Guys if you want granularity at potential turning points fine you can use 1min better still one tick. Personally, I would trade neither 1min or 1 tick without a longer-term view. Why not give it a try and post your findings for the benefit of ...

Trend- what is it?

If only it were always easy. We get a sign of weakness at point A, so we expect a pullback that may give a short signal it is easy to get sucked into shorting the market. Yet the market explodes to the upside taking out B. Why? well if we take a ...

Trend- what is it?

Ok so lets say we are trading the 60 min chart and wish to know where we are with respect to the weekly trend at any given time. I use a swing indicator on the 60 m chart set up so as to measure the weekly trend The weekly swing indicator is set to ...

Trend- what is it?

With regard to the price action of individual bars, you need to pay attention for inside/outside bars, pin bars, hammers etc. I do not intend to describe all of these as plenty of information exists online. The main point is not to chase the market ...

Trend- what is it?

Now for a downtrend which is just the opposite of an uptrend and once again you need to be selling the pullbacks into the previous trend. Important Note how at Down trend low 1(DBL=Downtrend low) the CLOSE is a new closing low in the uptrend and ...

Trend- what is it?

OK many thanks to those people who have already posted their interpretation of a trend. My interpretation is a series of Higher Highs/Higher Lows for an uptrend Lower Lows/Lower Highs for a downtrend. On the attached chart UHB = Upside Breakout, PB ...

Trend- what is it?

No problem and thanks for the correction. I have just started another thread on trend and hope to eventually show trades in this thread using trend and fibs. perhaps ultimately I shall be able to combine the two threads into one useful document. All ...

A little bit of give back

Just had a quick scroll through the book it looks like a very interesting read. Thanks for the link. Regards Nut

Trend- what is it?

OK so a little bit of interest, perhaps there will be more as the thread gets going. I shall make a start at the weekend. I will only be able to update at weekends as I intend to return to trading during the week. The main purpose of the thread is ...

Trend- what is it?

Hi sorry for the very slow response. Your idea has merit and I am currently testing it as time permits, if I can bolt together a usable model then I shall post it. Cheers Nut

A little more give back

Sorry, I missed this post, I am reading no books on the market but have read many over the years and taken a little from each and the attempted to find the holy grail which as we know does not exist. If I were to read any further books they would be ...

A little bit of give back

You have put a great deal of work into your chart and post. It is spot on well done.

A little bit of give back

Looks good to me keep going

A little bit of give back

I studied Elliot for a long time, before the days of computers so all wave counts were manual. The best Elliot did for me was to tell me where the market had been and not where it was going. Information at that time on Elliot was scarce and was used ...

A little bit of give back

See post 309

A little bit of give back

Yes, you are seeing things correctly, however, it is only implied a reversal might happen I have undertaken no statistical analysis to prove or disprove this hypothesis. I study the price action to decide one way or the other. Sorry I cannot help ...

A little bit of give back