A Cost-Benefit Analysis of Looking outside the Scope of Trend:
To Peek or Not to Peek
“The trend is your friend until the end when it bends.” - Ed Seykota
Trend analysis lies at the core of technical analysis. Modern technical analysis derived from Dow Theory. In turn, Dow Theory emphasized the nature and importance of trends and their constituent parts and...
Macroeconomic trends are represented in higher time frame charts. The trend and price analyses held secret opportunities for traders in lower time frames. I explain how I assessed the probabilities in my own unique methodology.