Hi Folks......I'm sitting in front of my computer watching the price go up and down on the various pairs and it came to me to ask a question to the folks here on the Forex Factory...
My question is this....."How do you know when a current trend has stopped and a new trend has begun"
For example: on the eur/usd the over all trend was up....until it had a nasty 3707 pip fall from grace....so at what point do you decide that it is either going to go back up or it is going to keep going down.
What is the tipping point that a trend changes direction and does that same tipping point apply to only one time frame or different time frames.
Still learning and thanks for your input.
Billser
My question is this....."How do you know when a current trend has stopped and a new trend has begun"
For example: on the eur/usd the over all trend was up....until it had a nasty 3707 pip fall from grace....so at what point do you decide that it is either going to go back up or it is going to keep going down.
What is the tipping point that a trend changes direction and does that same tipping point apply to only one time frame or different time frames.
Still learning and thanks for your input.
Billser
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