A zig zag market for someone, can be a market that still is trending for someone else. The short, medium and long term trend is long. So sideways or not, it stays long. Especially if you see no trend you should follow the trend in an higher timeframe. There is always a trend, but not always in the timeframe you would like. Range trading only exist in a specific timeframe; it will never occur in ALL the timeframes. I made yesterday more than 4 points net in the ES by trendfollowing.
Exactly. There's always a trend...we just need to be willing to change our interval or trading instrument to trade in it... Adapt. NihabaAshi
This is a SILLY agruement. Of course there is ALWAYS a trend if I trade off a 1 min chart! Generally speaking we refer to the market on a Daily timeframe and while I will admit the Bulls recaptured the market at the end of Fridays close for the last 6 months the macro Daily trend has changed 3 agruably 4 times. Please don't make me post a chart of the obvious.
VERY interesting analysis I never looked at this as a possible form of retracement, thanks for sharing.
brave man i am looking at them pre market and all i can say is thank god i closed out end of the day. i thought they were a short too.
I posted last weekend that the trend would be up for the next two weeks. So the trend is LONG based on daily timeframes. The fact that the trend changes 3 to 4 times has no importance. Only the trend at the moment you trade is important. So if it was three weeks ago short doesn't matter if you trade today. There are many trends: a monthly trend, a weekly trend, a daily trend, an hourly trend ...... so you don't need to go down to 1 minute trends. Because that is a silly arguement. If you can't see clear in 1 timeframe you should look in another one. The only problem there is, is the person that watches the charts, some see lots of things, some see nothing at all. That's where the problem is. That's why there is never consensus whether to go long or short.
I didn't have the intention to " lecture" you. My english is not good enough to always express myself in a proper way. Excuse me if i may sound arrogant, i just wanted to react from my personal experience.