Very hard question, What is a trend?

[ForExTractor]

Originally Posted by Dr. Zogg

Yet,

If you asked last year Jun/Jul what the Eur/Usd trend was everybody would have said up...a blind man could see that. So can there really be more than one trend going at any time?

You do realise the person that works out what a trend is and defines it mathematically will be the first trillionare in the world?

Edit:

Or put another way. Can there be any debate that between Jan 2002 and Jan 2005 the trend was up. It sarted at .08580 and the reached 1.3667 in 2005?

Does the fact that the trend was up mean that it was impossible to make truckloads of pips by shorting EUR (e.g. intraday or intraweek)?

[Dr. Zogg]

Off-course not.

If a proper definition is derived you will know at any given time exactly where where you are in the overall trend and will be able to go long or short the trend with absolute certainty, and even better know exactly when it changes so you can take all your vunrable positions off the table.