2009.03.12 THE TREND
Posted: Sun Apr 12, 2009 5:48 am
2009.03.12 THE TREND
The "trend is your friend". How many times have you heard that?
How do you determine what the trend is? A magic moving average? What time frame? How about a bunch of squigglys all over your chart? How about an equation that you need a masters in mathematics to understand? The more complex the formula, the more accurate... right?
It's so simple!!
Pick a point some time ago and note the price. Compare the current price to the noted price. Is price UP or DOWN? THAT'S THE TREND. Remember, trend is RELATIVE to the OBSERVER just like Einstein proved.
The "trend is your friend". How many times have you heard that?
How do you determine what the trend is? A magic moving average? What time frame? How about a bunch of squigglys all over your chart? How about an equation that you need a masters in mathematics to understand? The more complex the formula, the more accurate... right?
It's so simple!!
Pick a point some time ago and note the price. Compare the current price to the noted price. Is price UP or DOWN? THAT'S THE TREND. Remember, trend is RELATIVE to the OBSERVER just like Einstein proved.