I often read a lot about trading with the trend and I have a couple of questions:
1. What constitutes a change of trend (say, from downtrend to uptrend). I know this may be a little subjective. But what do people use? a higher bottom? a percentage movement from the bottom? accumulation in the background?
2. Do people trade with trend filters? For example, only shorts while the ALL ORDS is in a downtrend as it is at the moment? Or only a certain percentage of longs allowed?