How do you determine trend direction?

Discussion in 'Technical Analysis' started by jpvil123, Aug 28, 2016.

  1. qxr1011

    qxr1011

    very well
     
    #81     Sep 12, 2016
  2. SunTrader

    SunTrader

    LOL a f'ng trend day and you are talking about a 300 second chart.
     
    #82     Sep 12, 2016
  3. If you are referring to me, Sunny, read the freaking post. Thanks for an insightful comment. Your chart is really cool with its lagging indicator and funny straight lines.
     
    #83     Sep 12, 2016
  4. Anyone that can daytrade using a 1min futures chart successfully has money coming his/her ass. Something tells me Sunny's ass aint green :D
     
    #84     Sep 12, 2016
  5. SunTrader

    SunTrader

    Well youngster my indicator caught all THREE trends that day and yes it lags by all of a bar or two each time. Terrible. And funny straight lines were just to emphasize, for those clueless, like yourself the actual trends of the day. Nothing to do with the actual location of the bars.

    But you are insightful realizing that I was talking about you and your ridiculous comment about using 300 second bars on a day that only went ONE direction.

    Good luck with that.

    BTW ask freaky deaky what does ... money coming his/her ass mean... ? Because I'm not into asses like some others. But I am into trading - close to 20 years.
     
    #85     Sep 12, 2016
  6. Glad to hear that you're not into asses, even after 20 years. Even more glad that you managed to catch all three thingies that day using your odd little 1 minute chart with the helpful directional lines (exactly when did you draw them?) and crisp, tunable indicator. Truly a masterful and yes, insightful, performance.
     
    #86     Sep 12, 2016
  7. But wait don't tell me. With consummate insight I believe I have figured out that the funny straight lines were for instructional purposes only.
    In contrast, correctly drawn trend lines can be used in real time to tell you when to hold and when to exit or reverse. Incroyable. These are mind-bending revolutionary thoughts that have only been around for the past 80-90 years.
     
    #87     Sep 12, 2016
  8. Zodiac4u

    Zodiac4u

    You trade a 300 second chart and a 900 second chart? o_O Does it sound better when you say you trade a 300 second chart as apposed to a 5mn chart or a 900 second as apposed to a 15mn chart?
     
    Last edited: Sep 13, 2016
    #88     Sep 13, 2016
    Apophenia and FreakofNature like this.
  9. Believe I said I trade a 900 second chart and use a 300 second chart as an indicator. The reason for using seconds vs minutes is that with my charting software, which is Ninja Trader, if you use seconds for ETH and minutes for RTH then you can have both ETH and RTH in the same workspace. Otherwise you can't.
    I use two workspaces - RTH and ETH, the former with 8 charts the latter with 10 charts. Time frames are 30, 15, 5 for ES and 30, 15, 2 for YM then 1800, 900, 300 for ES and 1800, 900, 120 for YM.
     
    #89     Sep 13, 2016
    Zodiac4u likes this.
  10. SunTrader

    SunTrader

    That I use as well.
     
    #90     Sep 13, 2016