Forecasting a calm day

Discussion in 'Trading' started by Drawdown Addict, Dec 9, 2024.

  1. There are tons of books filled with shitty TA trying to pick a direction. Way too many of them.

    Traders love their crayons on their charts.
    They see golden ratios everywhere.

    It is well known that picking a direction is the hardest thing to do.

    But what if you were to sit down and enjoy a day doing nothing. As in, you know that during that day not much is going to happen.

    It would be the days that daytrading degenerates would not gamble their chips.

    What would be your drivers/signals to pick a flat day?

    Important rule: It has to be during the day, as in you start the model right at the open and forecast that nothing is going to happen during the day.
     
  2. newwurldmn

    newwurldmn

    So you can sell some straddles and drink some hot cocoa?

    There are some smart hedgefunds that do this.
     
    Drawdown Addict likes this.
  3. That is exactly the point sir, not straddles and cocoa, but strangles and espresso.

    Same vibes.
     
  4. R1234

    R1234

    periods with oversized ATR are usually followed by calm days, and vice versa
     
    Drawdown Addict likes this.
  5. Good attempt but that is a lagging indicator, it would fail miserably intraday.
     
  6. schizo

    schizo

    Hey Mr. oxymoron, you obviously know nothing about day trading. Nobody can predict exactly how the market will play out at the open. Trading is a combination of both prediction and reaction, ie. Risk:Reward. So stop pretending you know what you're talking about and spend that time learning how to trade.
     
  7. maxinger

    maxinger

    [​IMG]

    When the market is dead, or choppy
    you have to sit on your hands.

    When the market is alive and kicking and moving,
    better trade 24x7.

    So forget about trading the US index futures.
    Trade China A50, Hangseng because of China's Fiscal policy change.
     
  8. A momo divergence against the trend on the next larger timeframe(s) or two impulse waves opposite each other, leading to a WXY pattern, which is just random cr*p not worth messing with.
     
    Drawdown Addict likes this.
  9. maxinger

    maxinger

    [​IMG] upload_2024-12-10_8-19-3.jpeg upload_2024-12-10_8-19-14.jpeg
     
    TrailerParkTed likes this.
  10. You could have posted the link to the video, that is actually easier than taking a screenshot.



    But then you wouldn't be the wanker you are.
     
    #10     Dec 9, 2024