I wont be surprised that the statistical results got from using the dice will be better than following the paid gurus who trade the market after close to write their newsletter
My understanding is that swing trading is supposed to be able to pick turning points when a new trend is about to start. However I am not an expert in it, but the limited research I've done into the subject makes me sceptical. Perhaps an expert can elucidate. Generally though trend followers, like myself, try and find trends that have already started (relatively easy, since the definition of trend is pretty broad, and hindsight is great), buy into them, and then get out once they appear to have ended (relatively hard). We don't try and forecast trends in advance.
Most trading platforms have a toolbox of widely used indicators that measure various aspects of price behavior. If one followed any set of two or three for a while one would notice that some actually indicate that conditions for a move are ripe. Volume patterns,expansion and contraction of volatility bands, shifting of moving average relationships, divergences, the traded issues' leading or following it's peers (RS), lopsided sentiment readings etc all give useful clues to what condition the particular market is in and whether or not it is ripe for a move. By constructing a context of using a set of indicators on different time frames one can further assess if a new move is possible. A combination of conditions pointed out by the indicators could be called setups. Because humans drive the markets these setups endlessly repeat themselves. Please do not believe the lame comments to the contrary. Every indicator is a tool, find out what they are good for (no need to follow the author, decide for yourself) and find one for each aspect of price movement you are interested in. When we were kids and the breakpads of the bike were worn off we used our sneakers to break the speed of the bike. I assure you I do not use Bollinger bands the way Mr.B teaches one should utilize it. Not all factors leading to a new price move are quantifiable but enough are so that one can build a system that's one's own. Another question is: does one need good moves to make money in trading? Of course not. Regards, GC