Sorry to but in here
but I've noticed a few people are struggling with the definition of the 'trend'.
Some peope have said use a 20ema/50ema on 4 Hour chart to determine this. that most certainly helps for anyone still learning.
If your still struggling with that, then may i suggest some reading on martin pring. This should bring you up to speed.
Also, some people are using the Daily to determine the trend, but then are using the 1 Hour to find the trades. That's all good and well, but usually I think what you'll find that happens is the 1 Hour chart can still trend in the opposite direction to the Daily all whilst your trying to buy/sell it in the 'wrong' direction.
What you might be better off trying is instead of jumping from daily to 1 hour, try to reduce the gap a little, say 4 hour and 1 hour, or better yet weekly for outlook and daily for 'going with the trend'. This way you will be notified earlier if/when the trend does change. Otherwise you just keep going 'with it!' - It really is that simple and I think I can understand Dredd's frustration over this whole thing of trying to explain the trend to people, so if your still struggling take some time out and do some reading and investigate what a trend is, how it works and why. Google it, read Martin Pring Technical Analysis (some here in forexfactory if you look).
It comes down to a trend inside a trend, when your looking at time frames too far apart this makes it harder to see.
Hope this was some help.... Good Luck!
VB,
but I've noticed a few people are struggling with the definition of the 'trend'.
Some peope have said use a 20ema/50ema on 4 Hour chart to determine this. that most certainly helps for anyone still learning.
If your still struggling with that, then may i suggest some reading on martin pring. This should bring you up to speed.
Also, some people are using the Daily to determine the trend, but then are using the 1 Hour to find the trades. That's all good and well, but usually I think what you'll find that happens is the 1 Hour chart can still trend in the opposite direction to the Daily all whilst your trying to buy/sell it in the 'wrong' direction.
What you might be better off trying is instead of jumping from daily to 1 hour, try to reduce the gap a little, say 4 hour and 1 hour, or better yet weekly for outlook and daily for 'going with the trend'. This way you will be notified earlier if/when the trend does change. Otherwise you just keep going 'with it!' - It really is that simple and I think I can understand Dredd's frustration over this whole thing of trying to explain the trend to people, so if your still struggling take some time out and do some reading and investigate what a trend is, how it works and why. Google it, read Martin Pring Technical Analysis (some here in forexfactory if you look).
It comes down to a trend inside a trend, when your looking at time frames too far apart this makes it harder to see.
Hope this was some help.... Good Luck!
VB,
