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Day Trading Indicators or Systems for Bull or Bear Trends???
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Day Trading Indicators or Systems for Bull or Bear Trends???

  #11 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
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oathmark1 View Post
Are there any indicators or systems that people use to determine if a trend is forming on an intraday chart for day trading?

I trade /ES, /CL, /GC every day, and what I see whenever there is a bull or bear trend all day is that the market becomes overbought or oversold, and it begins to oscillate the other way. As it begins to retrace though, it fakes out, and the market continues the trend.

I'm missing out on ton of money in the trend trades. I make great money scalping futures otherwise for a prop fund, but otherwise I could increase my potential with this trend day trading indicator/s or system.

Thanks in advance.

I really like this short video from Nictrades where she explains how she determines if a trend or a reversal may be taking place on 5-mins interval chart.

http://screencast.com/t/ciNbeQGTbL


Last edited by xplorer; December 21st, 2015 at 06:21 PM.
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  #12 (permalink)
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Futures Experience: None
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Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
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oathmark1 View Post
Are there any indicators or systems that people use to determine if a trend is forming on an intraday chart for day trading?

I trade /ES, /CL, /GC every day, and what I see whenever there is a bull or bear trend all day is that the market becomes overbought or oversold, and it begins to oscillate the other way. As it begins to retrace though, it fakes out, and the market continues the trend.

I'm missing out on ton of money in the trend trades. I make great money scalping futures otherwise for a prop fund, but otherwise I could increase my potential with this trend day trading indicator/s or system.

Thanks in advance.

My friend the market by definition is not becoming "overbought or oversold" if it continues in its bull or bear ways....what is happening is you are looking at "things" like MACD, Stochastics or one or a few of the many other "lines" or your charts and they are "telling" you some garbage (forgive me but I'm passionate) about overbought/oversold because a line has gone above or below some other line.
The system you need to learn is, Market Context. This term is vast. Market is a market is the market. Meaning the market is EVERYWHERE.....its all the same thing its just basically the speed at which it happens is different. The housing market: same thing just sales are in super slow-mo when compared to futures like ES NQ ZB. Think about the house you bought. Why did you pay what you did? This post could go on for a very long time with examples but I'm not inclined so, so it won't.
If you are 5'2" you are not going to be in the NBA. If you are 90 lbs soaking wet you are not going to be in the NFL. You are going to need the basic requirements to trade futures and make a "ton of money" as you put it, and that requirement is, a... ton of money.
You need a good 1000 days under your belt, lets call it 5 years day in day out. You need to have seen your instrument under many many situations/conditions FOMC Quad Witching Flash Crash etc etc. You need to crunch 1500 days worth of probabilities for your instruments in Excel or R etc until they spit out favorable stats you can see if this go round goes in your favor as you execute flawlessly....... your Trade.

The video is my gift to you. I wish you the best.
Ron
Mark Douglas... Edge Define Risk Take the Trade.mp4

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
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