How to define a strong trend ?

Quote from Xspurt:


Decades back I learned to watch the 45 degree angle. If PA is advancing faster than the 45 line then it is very strong. It's a simple rule of thumb that needs a lot of refinement but if you want a short answer... 45+ degrees.

Now as to how a trend is born and evolves - that's a different story.

You forgot to specify how your axes are calibrated :)
 
Measuring volatility over a period of time is the best way to catch the early part of a trend. As volatility drops the trends but you have to have a reference point, which is why you need to collect data and do some number crunching.
 
Quote from Xspurt:

Use a Gann 1 x 1 line

In geometry, you cannot mix different units of a triangle to arrive at an answer.

Geometric Triangles etc need to be measured distance x distance, or time x time, or weight x weight etc.
You can't mix distance x time or apples with oranges.

Gann was a con artist! Sleight of hand snake oil salesman in my opinion.

Then there is the issue of linear vs logarithmic units of price.
Either one will give you a difference in the trend line angles.
 
Quote from murray t turtle:

=============
Mr Mo;
Most important,ema's,ema's;
keep records especially TREND vs counter trend PROFITS
====================================

Its your business;
but momentum gets you out WAAAAAAy to early .I hate it;
it costs you much in profits, comissions.

mr murray;
wisdom is profitable to direct:cool:


Yes, I believe EMA's are the most important indicators. I am still learning how to read it correctly.

I use the momentum indicators mainly for the entry, not the exit.
 
Back
Top