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How you determine the trend from daily or weekly chart?

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  • How you determine the trend from daily or weekly chart?

    Hi,

    For all trade, we need to know the main trend direction, up ,down or sideway.

    How do you (any guru/expert) determine the main direction of the trend ?

    I using a MA of 10 for the week but also depend on the candlestick formation.


  • #2
    Re: How you determine the trend from daily or weekly chart?

    I am a big fan of price action........... A good person to read about in finding a trend is Joe Ross........ He has a wealth of information on defining a trend and consolidation. I hope this helps...

    Ladder105

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    • #3
      Re: How you determine the trend from daily or weekly chart?

      thank you indo-investasi... now i become a better trader...
      Last edited by dr0o69; 07-08-10, 01:03.

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      • #4
        Re: How you determine the trend from daily or weekly chart?

        Hi everybody.

        I have always found this indie to be most useful.

        Drop it onto any chart and you have a good idea of the trend on every time frame on that currency pair.

        Very helpful.

        Egwig

        duh...how do I attach it???

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        • #5
          Re: How you determine the trend from daily or weekly chart?

          Daryl Guppy's trend trading book is a very good guide on trend trading via Guppy moving avg, darvas, etc.. Nonetheless, the key issue is matching the tools with our internal pyschology..

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          • #6
            Re: How you determine the trend from daily or weekly chart?

            I am using the Hector traders 30,50,100 MA to determine the main trend.

            the area between 30 & 50 is a good support or resistance.

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