I don't know how many times I've heard the phrase: "Follow the trend" or "the trend is your friend."
I'm a little confused because one trader can look at a chart and say that we're in a downtrend. A second trader can come in and look at the same chart but in a different time frame and conclude that were in downtrend. Two opposing views of the same chart.
Is there a better way to define a trend in a more consistent manner?
if 2 people are using charts of different time frames, they are not the same. in your example, both people are right. pick a time frame and trade it accordingly.