%% Good points, especially when we are not aiming @ lies. But like one lawyer said ''the whole truth- that IS pretty ambitious''LOL, The whole truth[a-z] is not practical in a time sense unless one uses a yes or no answer. ....LOL Plenty of good , truthful answers, here.
If you are looking at 38 charts, then you are mistaken to think you are taking anything valuable away. A trend by the book, is formed by 3 confluencing points. In my view, in the traditional sense, it should be 2 tops or bottoms and you can trade to a point where a 3rd may be made.
It all depends on how you want to trade them? Intraday? Overnight swings, multi week swing, or 6 months to a year swing? The longer your time horizon, the bigger the charts and trends you need to identify.
i have plenty, check twitter on @timdug for some trade screenshots of me trading my own book. I cant share most of my trades now as I am with a firm.
This standard definition of a trend is correct and confirms it but does not rank it by preference for an actual trade. If using a trend-following strategy, multiple targets will be appropriate, as trends are only seen in any given single market for a minority of the time. It is therefore very practical to have some way of assessing which trend-following trade would be best for the individual's strategy.
oil down for the first 6 months of 2017 - there is a major swing trend. Look at the daily continuation chats for WTI. Its not rocket science. Draw some trend lines on it. Then pick your entry and exit zones. The same principals apply to intraday. as far as I can tell, though I dont professionally hold overnights, so am merely speculating against any long term personal equities I have held. Are we getting away from the question?
This has a trend that was formed over 2 months cutting right through the intraday chart providing support. This one is a trend channel on RBOB over a week where I sold it on the back of this channel.. Here is another on WTI forming a trend channel here is another with a breakout h <blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/NASDAQ?src=hash&ref_src=twsrc^tfw">#NASDAQ</a> sold the top. These highs are <a href="https://twitter.com/hashtag/crazy?src=hash&ref_src=twsrc^tfw">#crazy</a> <a href="https://t.co/08xRtkOBXI">pic.twitter.com/08xRtkOBXI</a></p>— Tim Duggan (@timdug) <a href="">August 8, 2017</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> here is another forming a flag here is another on euro, multi day trend where price will move up to test it and either break, or in the case of multi week trend, reject it, endorsing the resistance. and on and on and on...... PM me if anyone wants to go through anything with me. Trends are some (if not) the strongest future indicators there are in the markets in my mind.
another I stumbled across trying to find some fib charts. In this NASDAQ chart, you can see where a multi day trend I drew provided resistance, then when broken, turned to support to endorse the long. I liked this trade a lot actually as I sold the top and held it until the bottom. This is the type of trade I live and breathe for.