Hi,
that is the outcomes of research I'm doing. I write this thread to find some ideas.
What we see about market is price (quotes) and this price is obviously moving down or up.
This is the reason why market will never change.
What's a trend?
For me personally a tendency is a move from point A to point B.
Could I create profit from every fad? No.
When the transfer from point A to point B is less than disperse I can not make profit from it.
Trend isn't anything we specify as stationary or changeless, trend is variable.
Looking at market we can view fakeout or continuation and breakout.
Fakeout = we've got a tendency and we see a fictitious break
Breakout = we've got a tendency and we see a clear legal break
What does it mean”legitimate”?
To specify”legitimate” we will need to quantify a fakeout or even a breakout.
For me personally market is the amount of intentions (price).
So in a way I want to sum all past prices (for example past hour) to have the intentions of this market and then compare this to current market condition.
This is what I'm attempting to do, looking for a way to quantify breakout or fakeout.
I'm looking to use these theories to a tick chart or 1second chart.
All thoughts are welcome.
Alex