============= DutchT; Agree with nononsense quote ''trends'' About the most complete study on the subject & the princioples are much the same for NasdaQQQ, NYSE, & derivatives like ES contracts, which admittedly usually reverse quicker than other 2; Market Makers Edge, book by Joshua Lukemen,market maker. You can find a few edge fragments on elitetrader.com, like trends; wisdom is profitable to direct, complete/practical is the Joshua Lukeman work. As helpful as Jack Schwager books , & more detailed; another ER2 trader was using a variation off his opening price measure.
developing an edge, at least in my case starts like this 1) study the market you are going to trade. 2) research trade setups that have positive EV 3) backtest and forward test these setups TRADE THEM and always keep your stops in place
There are edges but, for most people, playing such edges is too uncomfortable since they go against how the human mind is programmed...
If you are a retail futures trader your only edge is trend. Any market, any time frame. Don't waste time trying to learn how to spot a trend on your chart because when you spot it and decide to act it's too late (especially in real time trading).
utter rubbish "If you are a retail futures trader your only edge is trend. " if you have setups that have positive expectancy, you make money - assuming you stay disciplined, and take your stops and targets properly. there are many ways to skin the market cat
utter rubbish "If you are a retail futures trader your only edge is trend. " ______________________________________________________ You have a right to voice your opinion. If your edge makes money for you than I am pleased. Have a nice day