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Good chance today will be a trend day for day traders


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#1 traderx

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Posted 21 September 2020 - 06:42 AM

Open would be high for day for those who do not know what a trend day for day traders.

FWIW MYHO 



#2 traderx

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Posted 21 September 2020 - 06:42 AM

MY humble opinion



#3 traderx

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Posted 21 September 2020 - 06:55 AM

one more time, I am slow this morn meant IMHO



#4 traderx

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Posted 21 September 2020 - 07:16 AM

Also, most here are smarter than me, and much better traders than me. I think too much, with too much analysis paralysis., 

I also had trouble my with time frame, having done day trading, swing, position trading and intermediate with stocks, options, futures, commodities, and even currencies. Not enough focus over the years, but now I think I have super focusing.

I try to improve and now look at price only, and one other number, and eliminated all TA indicators even thought I love TAand used it forever. I am now into EOD day trading, which seems to be working, but have not done it for long, so do not know if it will work in the long run.

 

Any comments and suggestions are welcomed



#5 traderx

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Posted 21 September 2020 - 11:58 AM

should have described better --EOD low for the day



#6 kaiser soze

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Posted 21 September 2020 - 12:34 PM

I thought it would be a trend down day too but have also seen the Algos produce a reversal too many times around the European close. Got in short at ES 3262, exited at 3235, and then watched ES go down all the way down to 3217.  There was a potential trap door to 3030 at that point.  But as expected, the market began to rally on the heels of the European close and we're at 3244 now as I type this at 1:30 pm.



#7 kaiser soze

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Posted 21 September 2020 - 01:34 PM

Russell 200 and Dow have been very weak all session, with IWM trending down and making new intraday lows.  Might make for an exciting final 30 min at the New York close.