Determining Trend

Quote from ElectricSavant:

DB..

The opening high was from 6:30...what is that other horizontal line drawn between the times of 7:50 to 8:45?
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Sorry. That's the opening low. Two bars later it seemed to break, but pulled back immediately to resume the advance. Therefore, I left the line where it had been.

These make a little more sense when they're drawn in real-time. Which is why drawing trendlines in hindsight is usually misleading.

--Db
 
Quote from dbphoenix:

I noticed after looking over some of the threads from yesterday that quite a few people seem to be having trouble determining trend. Therefore, they end up shorting when they should be long and vice-versa.

It is important to know how to determine (1) whether or not there is a trend, (2) if so, the direction of the trend, (3) how to determine a change of trend, (4) how to determine a trend reversal.

I won't go into any detail here as there may be no interest in this topic. But the attached chart may be of some help.

--Db
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Here's a replay
 

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Quote from jack hershey:

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Now we have a nice setting for what's next.

We can do a part 1 of the original post.

We need to find the new points 1,2 and 3.

Then we can watch how to trade the trend.

For intraday I do not go into market until after it synchs. Everything up to now is just a warm up to observe. What has been going on is just history before the day synchs.

Synch means the cash and futures are moving in parallel price wize.

If i were doing this with my data I would use volume as a leading indication of what price will deo to set up the daily trend that is coming up.
 
Quote from jack hershey:




Now we have a nice setting for what's next.

We can do a part 1 of the original post.

We need to find the new points 1,2 and 3.

Then we can watch how to trade the trend.

For intraday I do not go into market until after it synchs. Everything up to now is just a warm up to observe. What has been going on is just history before the day synchs.

Synch means the cash and futures are moving in parallel price wize.

If i were doing this with my data I would use volume as a leading indication of what price will deo to set up the daily trend that is coming up.
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Jack,

Thank You.


Could you discuss the the next step.

This is what I got so far...

1,2,3's......... draw the channels throughout the day.

now what is this volume thing.

Michael B.
 
Jack,

Also the signifigance of the 9:30-9:50 time zone was noted.

We have a channel drawn... we got a breakout...but it retraced back down tothe the top channel line and we have a half an hour to the zone.

What happens now? what does volume tell us...do we draw it as a continous line indicator with varying periods...or do we use our histogram?

Michael B.
 
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