Trading NR's & WR's

Discussion in 'Index Futures' started by Joeboy, Aug 25, 2003.

  1. Joeboy


    It seems to me after watching NQ/ES, that you should really have different strategies for certain days that the market behavior is in. (am i wrong?)
    What kind of strategy should I use to trade, after a NR and WR day(4's an 7's). And then the days in between those? Also, are there other days that I am unaware of, besides WR's an NR's ?

    Any discreationary strategies would be great to hear!

    Thank you.
  2. Uni


    FWIW, after a NR day, I'm on the hunt for a breakout and possibly retracements if a trend is established. After a WR, chances are good that you're in for another NR the way things have been going lately. As for a strategy when this happens, staying out has been the best strategy for me. Of course, all of this is so obvious and simple but sometimes, heck, make that a lot of times, obvious and simple are the best ways to go. If you really want to delve deeper, fading the obvious can be quite profitable.