Trend Direction Question for a newb, Please Help

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Old Aug 15, 2017, 9:27pm   #1
 
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Trend Direction Question for a newb, Please Help

Hello All,

I am new to trading and had a question on determining the trend to trade with., I attached a picture and as you can see it looks like there was a trend up for a while and then looked to turn down. The OVERALL trend still looks up to me but when we place trades would we go with the longer looking up trend or more current down trend?

Thanks in Advance
-CP
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Old Aug 15, 2017, 10:07pm   #2
Joined Apr 2016
It makes no different what direction you trade in. The trend will go opposite to the direction you want until you exit your trade at a loss.

If this is hard to believe, then believe your own trade history. It has a known characteristic even though I have never seen it.
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Old Aug 15, 2017, 10:30pm   #3
 
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Look at the red line I've drawn, I think it defines the trend pretty well. Whist the price is above it and finds support on it, this up trend is intact. Notice however the the price ducks through it on the right. At this point I'd say the trend was broken. This can herald many scenarios, but one of them could be a new down trend. In summary, research and practice drawing trend lines to help you understand the structure of the market.
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Old Aug 16, 2017, 4:03am   #4
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Originally Posted by EnlightenedJoe View Post
It makes no different what direction you trade in. The trend will go opposite to the direction you want until you exit your trade at a loss.

If this is hard to believe, then believe your own trade history. It has a known characteristic even though I have never seen it.
That happens to me many times that whenever I consider a trade going to be positive it goes to wrong moves and face loss.
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Old Aug 16, 2017, 5:11am   #5
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Quote:
Originally Posted by cpark0912 View Post
Hello All,

I am new to trading and had a question on determining the trend to trade with., I attached a picture and as you can see it looks like there was a trend up for a while and then looked to turn down. The OVERALL trend still looks up to me but when we place trades would we go with the longer looking up trend or more current down trend?

Thanks in Advance
-CP

Just to add I agree with cbrads' comments above.

Trading with the trend is low risk relative to other strategies you could pick up but it needs careful planning and discipline when you do it. It is key to accept very few charts show just one trend, and deciding which is the one to guide your particular trade. For some quite sensible guidance on trend-following have a look at Rayner Teo's clips on Youtube.

Keep in mind, the indicators and price action you see are a guide to what you COULD do, not to what the market WILL do.
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Old Aug 16, 2017, 8:50am   #6
Joined Apr 2017
Quote:
Originally Posted by cpark0912 View Post
Hello All,

I am new to trading and had a question on determining the trend to trade with., I attached a picture and as you can see it looks like there was a trend up for a while and then looked to turn down. The OVERALL trend still looks up to me but when we place trades would we go with the longer looking up trend or more current down trend?

Thanks in Advance
-CP
Trend is highly subjective , this is why no-one can give a clear answer , it is all very clear after the event.
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Old Aug 16, 2017, 8:51am   #7
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Originally Posted by june_girl7 View Post
That happens to me many times that whenever I consider a trade going to be positive it goes to wrong moves and face loss.
80 % of the time the markets chops , unless you are blinkered trend trading promoter .
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Old Aug 16, 2017, 10:11am   #8
 
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Quote:
Originally Posted by foroom lluzers View Post
80 % of the time the markets chops , unless you are blinkered trend trading promoter .
Why are you still quoting this figure?

You were given an opportunity to explain and expand on how you arrived at this figure and you failed miserably!

http://www.trade2win.com/boards/tech...0-succeed.html

Please stop peddling your rubbish, especially to newbies.
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