This is my simulation result for Chinese stock market index in 2009; I donot know how to get 60min , 30min , 15min stock data in excel format, is anyone can help me with that?
%%%%%%%%%%%%%%% 200 day moving average was a very good measure of a trend; as IBD noted.And it still is a very good way to measure a trend............................................................................................................................................................................
Defined trend on the hourly chart does not grantee the 1-min chart will run in the same direction. Reversals on hourly charts starts from 1-min chart. Price on 1-minute chart could run for several days in opposite to hourly chart price-trend until you see confirmed rend change on hourly chart. Your strategy may work during long-term bullish trend when volatility is low and it is take time for radical price trend changes. I do not think it will work in highly volatile markets. Check the current S&P 500 hourly and 1-minute chart now when when we have high volatility - you may have 1.5% trend changes within a single session and if you use hourly charts now to define trading on 1-minute chart you will be buying at the top and selling at the bottom.
Certainly hourly trend does not mean that 1 min or 5 min will run the same direction. However, over the long run, 1 min and 5 min trades taken in the direction of the hourly, will have a tendency to run further, with less obstacles, and be more profitable than trades against the hourly trend.
You cannot define a thrend without knowing which timeframe we are talking of. Here AJ daily is in a downtrend (roughly) But on the monthly it is rather an uptrend (here again roughly) What may be seen as a consolidation on this monthly lookslike a nice full trend on the daily. Therefore, you must defint which TF is your trading TF and which Tfs is important to define the trend.
Except ET is so full of amateurs the concept of multi-timeframe is unknown to them or considered a waste of time. Nice to see someone approaching this crap the right way. Now tell them how to determine which is the TF commanding the rest
I think the best way to show what to trend means to you is by posting a chart. For me the optimal trend is to buy at the low and sell at the high of every significant move. If you want to define the trend you should define these points. Who can tell me how to do that?