Today, we do not need to manually construct the charts. It is all readily available from any trading platform that one subscribe. They will have BARS, CLOSE LINE and CANDLESTICKS but the more "traditional" one might include Point and Figure or Kagi or Renko ...etc.
Irrespective of whichever format you use, the basic function is to determine whether it is going up or down and the steepness or gradient for the mathematicians.
Well the truth is the trend moves NOT in a uniform straight line from the start till the end but ...zig -zag with different gradient in ONE direction until it do a reverse or change to the next direction.
The biggest obstacle to most people how one define the trend in motion and the trend reversal.
What and how one define trend in motion will also incorporate the temporary trend retreat before resuming in the earlier direction will decide one ability to weather volatility.
The next set of rule to define trend reversal is normally easier than the above.
Some of the veterans will not even look at any indicators other than simple basic bar charts. The gradient will be used to define to strength and momentum. Whether it is accelerating or cruising, the veterans
This veterans understand there will be turbulence, storm in the flight path until the destination is reached!! Experienced veterans know how to pilot the plane in all the different circumstances and that demand strategic plans to be implemented.
The modern veterans will move one step up to include indicators to help in precisions.
Is this game about precision? Or is it about ones ability to go with the flow???
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