Calling a Trend Day early

Discussion in 'Trading' started by paulr, May 19, 2003.

  1. paulr

    paulr

    Anyone have a mechanical way to call a trend day early in the day with any semblance of reliability (ie: > 50 %)

    Thanks!
     
  2. I knew today would be a trend day because of the "minor change" in the McClellan Osc. on Thursday, combined with the fact that Friday was not a trend day.

    Read

    http://www.pitstock.com/mcclellan.html

    great info on highest probability of predicting a trend day

    It has helped me tremendously

    -Matt-
     
  3. When the open is the extreme print and the market drives powerfully in one direction in the first 10 minutes or so.
     
  4. opm8

    opm8

    Sounds like Market Profile. :)
     
  5. prox

    prox

    If the prior day was a narrow range, inside day or a 5 tick doji.. you have a very favorable percentage change of some sort of followup trend day -- or at least, open and close at relative extremes.
     
  6. Brandonf

    Brandonf ET Sponsor

  7. PetaDollar

    PetaDollar Moderator

    Who cares about predicting it, when you could be trading it?
     
  8. Because it gives you an hedge and when you can have consistent edge the risk is more than proportionally lowered see money management rule.