Determining the market direction/trend

Method for Determining Trend of market (Document)

My trading in August and September has been horribly wrong. I've been fighting the upward trend lately. I know how to determine the trend,but I haven't been utilizing it. I decided to write down the method, so I wouldn't be fighting the trend and to reinforce what I already know.

These studies are all available on the Thinkorswim platform. The studies are based on things I learned from Price Headley (bigtrends.com) and John Person. Both have appeared on the Thinkorswim wednesday chats (Price and john person chats)

Method for Determining Trend of market
1. Look at the William %R (use 30 period parameter) on a weekly timeframe
a. >-20 then bullish (must close above high of the day to confirm)
b. <-80 then bearish (if breached, it much close below the Low of the day within the next five bars)

2. Use the Monthly Person Pivot points to determine possible areas of support and resistance a. Are R1 and S1 higher highs and lower lower -> `(can use the Pivot point as support)

3. Apply Person Proprietary Pivot Study as further confirmation of W%R

4. Moving lines

a. Use the 9 EMA as areas for support and to add in
b. If 9 EMA >50 SMA, then bullish
c. If 9 EMA bearish