I was wondering if anyone has done any research on Pace of a trend verses the duration it lasts. Pace meaning the angle of the trend. I think I am mistaken that the slower the Pace(less angles/money velocity), the shorter the duration of the overall trend. It might even be the opposite. If the pace is real fast, the odds of the trend lasting very long might not be very high.
What I have been working on is using the pace to go to a different fractal to trade off of. The only concern is if the trend is a slower pace, it might not last as long. This is probably flawed thinking as probably both paces make the same moves in terms of overall points but one just takes longer to get there.
Any thoughts would be appreciated.
What I have been working on is using the pace to go to a different fractal to trade off of. The only concern is if the trend is a slower pace, it might not last as long. This is probably flawed thinking as probably both paces make the same moves in terms of overall points but one just takes longer to get there.
Any thoughts would be appreciated.