Trading With The Directional Ratio by John Jay Norris
ARTICLE SYNOPSIS ...Trading With The Directional Ratio by John "Jay" Norris
Whether you trade long term, short term, or intermediate term,
you need to know the direction of the trend. Here's a simple way
to find out.
If you are an active trader, or if you manage traders,
you probably already know the importance
of differentiating between a "trend trade" and a
"countertrend trade." By using the highs and
lows on the chart to determine overall direction, it should be a simple matter to determine a market's current
stance for a particular time period, be it 15 candles or 60.
However, once you add up the long-, int...