I have seen various ideas on this and was wondering if any had success with this and what they use?
How do you derermine it is trend day?
Started by
traderx
, Jun 21 2007 11:03 AM
12 replies to this topic
#2
denleo
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Posted 21 June 2007 - 11:20 AM
The best way to determine that (and I have tried it many times) is to try to scalp against the trend and lose money on all scalps. By the end of the day you realize it was a trend day.
Denleo
#3
vitaminm
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Posted 21 June 2007 - 11:22 AM
I have seen various ideas on this and was wondering if any had success with this and what they use?
$SPX
Click on first indicator on the list of indicators
http://quote.barchart.com/performance.asp?sym=$SPX
vitaminm
#4
TechSkeptic
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Posted 21 June 2007 - 11:32 AM
I have seen various ideas on this and was wondering if any had success with this and what they use?
$SPX
Click on first indicator on the list of indicators
http://quote.barchart.com/performance.asp?sym=$SPX
Doesn't look like a very successful indicator.
All I know is, if I knew the answer to this question, I'd be very rich.
#5
selecto
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Posted 21 June 2007 - 11:50 AM
What's a "trend day?"
#6
arbman
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Posted 21 June 2007 - 11:57 AM
The best way to determine that (and I have tried it many times) is to try to scalp against the trend and lose money on all scalps. By the end of the day you realize it was a trend day.
I love this one! You never know when exactly it will be the trend day, however, if you have everything lined up with a compressed range for a few days prior, the odds for a trend day will increase dramatically...
I like looking at the ratio of the standard deviations, say 10 day standard deviation right now and 10 days ago. Similarly, when the cyclical channel top or bottoms are reached and there are momentum divergences (internals etc), then the reversals will be powerful. So, you have to first look for the extremes and then for compressions, the two combined together has better chance for a trend day...
#7
atlasshrugged
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Posted 21 June 2007 - 11:58 AM
The best way to determine that (and I have tried it many times) is to try to scalp against the trend and lose money on all scalps. By the end of the day you realize it was a trend day.
Denleo
that was funny!!!
I determine if its a trend day by turning on MTV! If my attire that morning matches the the attire worn by the rappers then it must be a trend day!
#8
vitaminm
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Posted 21 June 2007 - 11:58 AM
I have seen various ideas on this and was wondering if any had success with this and what they use?
$SPX
Click on first indicator on the list of indicators
http://quote.barchart.com/performance.asp?sym=$SPX
http://www.traderslo...-trend-days.htm
http://www.trade10.com/Trend.html
http://en.wikipedia....i/Market_trends
vitaminm
#9
fib_1618
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Posted 21 June 2007 - 11:58 AM
The best way to determine that (and I have tried it many times) is to try to scalp against the trend and lose money on all scalps. By the end of the day you realize it was a trend day.
That would be a "de-trending" day!Too funny.
Fib
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#10
vitaminm
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Posted 21 June 2007 - 12:05 PM
I have seen various ideas on this and was wondering if any had success with this and what they use?
$SPX
Click on first indicator on the list of indicators
http://quote.barchart.com/performance.asp?sym=$SPX
http://www.traderslo...-trend-days.htm
http://www.trade10.com/Trend.html
http://en.wikipedia....i/Market_trends
http://www.aspenres....n-Trend_Day.htm
vitaminm
