Determine Trend Direction

This is a discussion on Determine Trend Direction within the First Steps forums, part of the Reception category; Originally Posted by EnlightenedJoe Retiring early is a sign it didn't work. Or a sign that at age 50+ one ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jul 24, 2017, 5:15pm   #33
 
Quantt's Avatar
Joined Jul 2017
Quote:
Originally Posted by EnlightenedJoe View Post
Retiring early is a sign it didn't work.
Or a sign that at age 50+ one doesn't want to run a business anymore, manage people, do all the regulatory paperwork and have more than enough money to trade them only for himself and enjoy life and play golf all day with friends...
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
Quantt is offline   Reply With Quote
Old Jul 24, 2017, 5:19pm   #34
 
cbrads's Avatar
Joined Mar 2014
Quote:
Originally Posted by cbrads View Post
One of the ways I define a trend is bar closes above/below a moving average (typically 5 EMA) this can be applied to any time frame, but for me and my trading style it will range from M5 to H1
A nice example on both the 15 minute and 5 minute charts today from the 14.30 open, blue line is 5EMA. It not normally this easy or obvious btw!
Attached Thumbnails
5ema.png  
cbrads is online now   Reply With Quote
Old Jul 24, 2017, 5:27pm   #35
Joined Apr 2016
Quote:
Originally Posted by Quantt View Post
Or a sign that at age 50+ one doesn't want to run a business anymore, manage people, do all the regulatory paperwork and have more than enough money to trade them only for himself and enjoy life and play golf all day with friends...
Possible.

But people who don't play demo pips are more motivated because the reward is way better. Take soros, he now looks like the emperor from star wars and he still wants to work. Take warren buffet. Have you ever heard about these people play demo pips ?
EnlightenedJoe is offline   Reply With Quote
Old Jul 24, 2017, 5:39pm   #36
 
Quantt's Avatar
Joined Jul 2017
Quote:
Originally Posted by EnlightenedJoe View Post
Possible.

But people who don't play demo pips are more motivated because the reward is way better. Take soros, he now looks like the emperor from star wars and he still wants to work. Take warren buffet. Have you ever heard about these people play demo pips ?
We live in 21st Century, so indeed everything is possible... And Soros and Buffett do back tests based on past data, as far as I know no one has invented the crystal ball yat...
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
Quantt is offline   Reply With Quote
Old Jul 24, 2017, 5:47pm   #37
Joined Apr 2016
Quote:
Originally Posted by Quantt View Post
And Soros and Buffett do back tests based on past data
That's just your wishful thinking. Economic value is not determined by past data. It is determined by current data.

If a shop had 10 trays of cakes on the shelf last week, it has no bearing on how many trays on the shelf this week.
EnlightenedJoe is offline   Reply With Quote
Old Jul 24, 2017, 5:55pm   #38
 
Quantt's Avatar
Joined Jul 2017
Quote:
Originally Posted by EnlightenedJoe View Post
That's just your wishful thinking. Economic value is not determined by past data. It is determined by current data.

If a shop had 10 trays of cakes on the shelf last week, it has no bearing on how many trays on the shelf this week.
How do you think Buffett evaluates a company? Looking only at the data from this week or maybe the last two weeks?
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
Quantt is offline   Reply With Quote
Old Jul 24, 2017, 5:59pm   #39
 
cbrads's Avatar
Joined Mar 2014
Quote:
Originally Posted by FractalTraders View Post
Objective: Build a master list of methods for determining trend direction.
Quote:
Originally Posted by FractalTraders View Post
Please read the thread objective before posting. Thanks
Are we getting a bit off track lads?
cbrads is online now   Reply With Quote
Old Jul 24, 2017, 6:02pm   #40
 
Quantt's Avatar
Joined Jul 2017
Quote:
Originally Posted by cbrads View Post
Are we getting a bit off track lads?
Yep sorry, looks like we are both very passionate and it got completely out of hand...
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
Quantt is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
General Trend direction - FX ChattiFX First Steps 6 Jul 25, 2013 4:53pm
Obvious trend direction Joe Ross General Trading Chat 14 Apr 6, 2009 9:24pm
Asian session action - trend trend trend andys0506 Forex 1 Nov 7, 2008 6:43pm
Whens the best time to determine the trend outlook kagein Forex 0 Nov 13, 2007 4:29pm
POLL - How do you determine the trend? billpritjr Technical Analysis 7 Nov 28, 2005 2:55am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)