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At 10:36am on July 22, 2009, Michael Thomas said…: Hi Suresh, Thank you for your message below.
The absolute best indicator to use would be the Wizard chart on the AI software, and the best time frame to use to identify a reversal of the shorter term channel trends would be on the 90 minute chart. While a lower chart may indicate a change, the reversal does not show commitment until at least the 90 minute timeframe. Keep in mind that I am referring to the current shorter term trends when I talk about this particular timeframe. In the very volatile markets that we have been experiencing over the past year our trading trends are moving in big enough waves to offer great trading opportunities while still maintaining their overall longer term trends. Now for the reversal of an overall longer term trend a daily chart would be best, but still use the Wizard chart for your indicator, two closed time frames out of the cautionary zone will indicate a commitment to the move. I hope this helps... Thank you again and take good care.

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hi,
i just want to ask what are the best indicator to justify wheather the trend changed or not and which is the best time frame to justify.