Hi
I have been reading SAINT article Teach a man to fish, I have a few questions I would like to clarify. I tried to contact SAINT but his message box is full, hence I am asking my questions on this thread hope you guys can help.
As per my understanding SAINT mentioned never trade against the trend.
Q1 Which trend short term, intermediate term or long term trend?
He mentioned to pull up weekly chart and try to find out what trend we are presently in
Q2 This chart opens up in Amibroker. Now as per my uunderstanding Long Term trend of Crude is downtrend, but its awfully hard for me to tell whats the short term trend as I can join pivot high and lows.
Q3. Also if we look at crude 5 min chart yesterday to determine the trend.
Can we call this trend sideways? ( I am specifically talking about intraday trend for 9/04/2015) I am clear on 8/4/15 trend was down.
I have been reading SAINT article Teach a man to fish, I have a few questions I would like to clarify. I tried to contact SAINT but his message box is full, hence I am asking my questions on this thread hope you guys can help.
As per my understanding SAINT mentioned never trade against the trend.
Q1 Which trend short term, intermediate term or long term trend?
He mentioned to pull up weekly chart and try to find out what trend we are presently in
Q2 This chart opens up in Amibroker. Now as per my uunderstanding Long Term trend of Crude is downtrend, but its awfully hard for me to tell whats the short term trend as I can join pivot high and lows.
Q3. Also if we look at crude 5 min chart yesterday to determine the trend.
Can we call this trend sideways? ( I am specifically talking about intraday trend for 9/04/2015) I am clear on 8/4/15 trend was down.