Argadas, let me give you a different slant on that, but it has always been my belief in order to keep market action in its simplest denominator. BTW, I know you addressed your question to Smart Trade, but your question is irresistible.
One thing I am confident in is when I get done answering your question, and he gets done answering your question, you will probably have 2 different answers, yet the objective viewer would have to agree both answers are right.
Markets have to trend, and there is no getting around it. That is the nature in life. Everything in life moves in cycles. That is also the nature of life being dynamic. External factors? Naw. Don't over complicate things
Let's break this down to its simplest and lowest common denominator. Current rate on Nifty is 5669. Let's say that number just stays there, and we come back one year from now and find it is still 5669. Uh well, we are going to have some problems. Let's say it only moved 1 point (Average daily range is 86.71). It trended. Don't believe me? Look at the tick chart, and see if you don't notice the movement.
Movement is a trend. Markets also can never go just one way. If that was the case, then I could put every dime I have in the markets, train Tucker in pic--lol) to hit the buy button, and we all retire rich.
What I'm saying is, it's checkmate (I don't even play chess, but won this match.) Markets cannot be stagnant. They cannot move just one way. They have to move up and down. It is up to you with the tools you have at your disposal to determine if the market will go up or down. As long as you make the right choice, you make ticks or pips, which translates into money. The more you do it and the more you are right, the more money you have. It's that simple.
It's the nature of things (everything). Tucker and I have good times together. We'll walk around the property. He'll pee on a few trees as soon as we get out, then he'll take a break. Then he'll pee some more, and then head to the other part of out property. After he has covered most sides of the property, he'll head to the middle and squat. Afterward he'll walk a little further, and then there is one particular place he starts off running, because he wants me to chase him. I out thought him the other day. Right before he got to that spot, I took off running, and he looked so surprised.
Weather has the more obvious trends. If you live in India, I won't even ask if it is warmer today than it was 3 months ago. The weather is in an uptrend in the big picture. Tomorrow might be cooler than today, so the lower time frames are in a downtrend, but like I always say, don't count on staying in that downtrend if the higher time frames say we are headed north.
Something so simple as this, and I just had to write a book again.
nt to ask about "TRENDS IN STOCK MARKET".
In the history of stock market or any market , Is Trend always exist in the market, which keeps coming from many years? and will be there forever?
It is understood that it develops due to many external factors like co's results,IIP data,inflations,weather conditions, political issues, greed, fear etc..
But have u noticed that there is no trends or volumes in the market.
Will this trend always be there so that traders like us will make money.
This might be a foolish question but it came to my mind so i asked. thanks[/QUOTE]
