Quoting MuddBuddhaDislikedHere's a small article that may help you:
http://www.professionalforex.com/for...topic.php?t=12
As well as:
http://www.professionalforex.com/for...wtopic.php?t=7
Trend is not overly difficult to determine especially one you've trained you eyes to spot it. It's kinda like missing the forest for the trees.
I'm a huge believer and proponent of new traders learning the Dow Theory. It helped me tremendously as a new trader and I think it's vital to overall success.
I can now spot most trends easily without the aid of lines, channels, crystal balls, or chicken bones. Though the chicken bones do help somewhat with price action!
All of this is because of training myself to see the general direction and the patterns that fit into the theories. Of course, staring at charts for endless hours is the only way to accomplish this as well as verifying your results with someone you trust.
Once that is done, you'll wonder why you had such a hard time with it!
~MuddBuddhaIgnored
Thanks for the articles. Very useful for seeing where the trend is, and conversely, where the trend isn't. I think the latter part is useful with this system because even though the Vegas method of using momentum measurements to determine trend is right on 90%+ of the time, it is when that "indicator" disagrees with the market that too many losses can occur. I appreciate your taking time to comment. Thanks!
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