Trading the trend

[jamit_05]

people are requested to post their query if any so that thread can be directioned accordingly....

Now that the trend detection is clear. Lets make it crystal.

Some questions:

1) Will you trade any scrip which looks like a smooth chart or only Nifty?
2) What time frame will you trade? Daily or Intraday?
3) Will you use Higher Time Frame trend to filter entries?

 

[sanjn84]

vikas ji , if u can continue with basic parts step by step , as suggested by st da ,
it will be great help for us , as many times i stuck b/w erl , drl also in visual high , vph etc .
as the other medium is currently off (tsf) ,
if u can , plz...........

as methods are many but if building blocks is stronger than we can face market with ease.

 

[VIKAS 21]

HH and HL
Higher High (HH) : when the previous bar's high is crossed
Higher Low (HL) :when the low is higher than the previous bar's low.
LL and LH
Lower Low (LL) : when the previous bar's low is crossed
Lower High (LH) : when the high is lower than the previous bar's high.

 

[VIKAS 21]

Rally - Series of bars with higher highs and higher lows. Simplest kind of Uptrend

Bars in a rally need not have higher high but they must have higher low.

VERY IMP: In a Rally, track the Lows

Rally is in question if the low of current bar is lower than previous bar’s low


Decline - Series of bars with lower highs and lower lows. Simplest kind of Downtrend.

Bars in a decline need not have lower low but they must have lower high

VERY IMP: In a Decline, track the Highs

Decline is in question if high of current bar is higher than previous bar’s high

 

[VIKAS 21]

 

[VIKAS 21]

Peoples are again requested to ask their queries about basics very frankly.....

 

[burai123]

Rally - Series of bars with higher highs and higher lows. Simplest kind of Uptrend

Bars in a rally need not have higher high but they must have higher low.

VERY IMP: In a Rally, track the Lows

Rally is in question if the low of current bar is lower than previous bars low


Decline - Series of bars with lower highs and lower lows. Simplest kind of Downtrend.

Bars in a decline need not have lower low but they must have lower high

VERY IMP: In a Decline, track the Highs

Decline is in question if high of current bar is higher than previous bars high

sir,
if price is making HH and HL means uptrend and making LH and LL means downtrend ( so simple to determine the trend) then why trading is so difficult?
we know trend is our friend, so identify the trend first and trade in that direction because market is trending always, either in 5 min tf, or in 30 min tf
or in daily tf or ... so on.

 

[VIKAS 21]

sir,
if price is making HH and HL means uptrend and making LH and LL means downtrend ( so simple to determine the trend) then why trading is so difficult?
we know trend is our friend, so identify the trend first and trade in that direction because market is trending always, either in 5 min tf, or in 30 min tf
or in daily tf or ... so on.

Yes u r right....

That's why ST Sir is giving so much stress to learn basics.....

When we know basics then everything is simple.....

But what ST sir has said in his yesterday post is very true...( 95% of peoples are not aware with the basics , that's why we feel trading so difficult...)

please once again read the post by ST SIR.( POST NO-37)

So stick to the basics soon you will feel your trading very easy....

 

[mangup]

How to detect a change in Trend....

We can detect a change in Trend in three simple ways....

1. A Trendline is broken

2. There is a retest & a failure

3.Price falls below the prior low/ Goes above the previous high...

Hi, To ensure/mark the HH/HL or LL/LH, do we use zigzag function (which will be time frame specific) or Fib retracements or trendline or will it visual one?

While marking these points, how we will take care of whipsaw markings?

 

[DanPickUp]

Hi, To ensure/mark the HH/HL or LL/LH, do we use zigzag function (which will be time frame specific) or Fib retracements or trendline or will it visual one?

While marking these points, how we will take care of whipsaw markings?

If you like to use ZZ, you do it on the time frame you like to use. But it is of no need. Paint trend lines and use your eyes to spot High and low levels. That is no rocket sciences.

Fib is a Math indicator which has to be used and know in a different way compare to just spot the highs and lows in a trend.

And the usual question: Whipsaw?

If market starts to trade side ways, leave or change to side way strategies which will be different to what will be posted in this thread.

Sorry to interrupt the thread and the thread owner is pleased to move on with his good work.