I trade US stocks and Nasdaq futures. So my question is just for those, please. The above can only go 3 ways, up, down or sideways. We have access to make money many ways once we figure that out. What do you all use to determine the above. (for day trading only please) Indicators? Volume? VIX? Common sense? Crystal ball? I would like to hear everyone's thoughts/ideas. Thank you for your time.
Price ONLY.... no volume considerations. You don't "predict", you don't have "targets"... you only "react to what you see" on the charts. If the market is buying, you buy. If market is selling, you sell. Not rocket science. (Plenty of challenges, but rocket science ain't one of them.) How do you do that? Price TA. KISS, baby.
Everybody is talking about support levels for stocks. How about we back up. How high can yields on Treasuries go? Riddle me that. That spills over into stocks. Trade accordingly.
OK, maybe for some. But I definitely like to know if this is a bull move or a bear move, even for scalp trades. I always like to know the size of the risk.
Couldn't agree more. I've been a chartist forever. Never considered any thing else. Trade what is happening right now even if you think the market should be going he other way.
Ditto! (Could be YOU are wrong... the market is NEVER wrong!) The market is the net sum of all that is believed, perceived, hoped for, anticipated... the players factor "everything" into their brain and then decide whether to buy or sell. The market reveals that.... even if only in the short term.
I get what you mean, but could you give an e.g. Look at TSLA today. mkt opened, volume was normal, but it dumped all the way down to $220, from $228. This all happened within 30 mins. Aim of the game for us is to predict that before and get short.