hmm...i see that trends are by themselves subjective, although they are also classed as a deviation from an average.
I agree with what is being discussed here 100%, but, what i cant get my head around (as of yet) is HOW do you build a trading model that uses current price quote as a reference point...it goes up we buy...it goes down we sell...but at which points above/below such ref.point? Im wondering if standard deviations could come into play here.
Also what is more important is when NOT to trade.
By knowing when to stay away, we know when to trade.
false moves, fakeouts, exhaustions,...all these are issues no matter how we look at price...it is knowing HOW to avoid these challenges.
As for splitting time,...seems interesting. Curious to know
