upward trend, page-2

Hey PDG :)

It's all an uptrend. Don't forget what I said last week - an uptrend is a series of higher highs and higher lows. You have to have lows in there for it to be a sustainable uptrend over the longer term.

However, definitions really depend on your timeframe. You can have an uptrend that lasts for 15 minutes if you're intraday trading.

Or you can trade the swings from day to day. Or week to week.

Or you can just ride the longer term trend upwards, and trail a stop loss up the trend below the price - for example at each resistance/support level. Every time the price bounces off a new support level, then you may consider setting a stop just below that support level. When the rising trend bounces off the next higher support level (i.e. a higher low) then move the trailing stop up to just below that. And so on - that way you will ride most of the trend, and you'll miss the very top. No biggie.

So, it all depends on your timescale.