Yes but determining trend can be very subjective. How do YOU determine when a trend has reversed. We all know the higher highs and lower lows theory and when a trend channel is running like that it is easy to pick, but a trend can be choppy with reversals and pullbacks on the way up or down......how do you look at a chart and say yep that down trend has turned and we are now in an uptrend......or was it just a pullback before continuing. I agree with you....I always flick up to the higher chart to determine the main trend, but often I read here...
There are many methods, the most important thing though is to find one that suits you.
Fractals are one way signaling a reversal of trend. And also drawing trend lines on your chart. The TDI we use in this strategy is also a good indicator for a reversal of trend along with oscillators (which so areas of over bought and over sold) signalling that the PA might move in the opposite direction. Look for areas of consolidation (S&R) as the price will move from those areas.
No indicator is 100% so yes it is subjective. I think it's a mixture of art and science.
Personally I use all the indicators on this method thats why i always say that I wait for the perfect set up. In fact I think it was you who posted a set of rules for this method. I have them printed out and laminated next to my screen and I follow them with discipline. It's only when I don't follow the rules that I have a loosing trade.
Just follow the rules of this method with discipline and you will be successful. This is a high probability method.
