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questions about trends from newbie...!!!

Dec 09 2012 at 11:16
192 inlägg
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....

David (RollingStones74)
Dec 12 2012 at 10:16
76 inlägg
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.
Gary Sharp myfxpt com
Dec 21 2012 at 02:36
345 inlägg
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!

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