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Keep it simple. You should look at gaps relative to previous day High, Low, and Close.

I don't use floor trader's pivots. Without getting into specifics my S/R levels are dynamic.

When price breaks through two support or resistance areas without a significant pullback it’s an extreme day. My current plan to mange this is to look to reverse (with a max. 2 point stop) especially if the next support or resistance area is far off.

Martys, I’m also a counter trend trader; therefore, we have similar challenges. Unlike your method my entries are not always perfect, because they are predictive (near perceived support and resistance levels; therefore, my stops are very wide. It’s currently working for me but I’m...

Counter trend traders have to be extremely conservative when the FOMC puts out info, or stop trading a couple of hours before the info is released.

Scaling in or out (averaging up or down) is an art; therefore it shouldn’t be done randomly. In short, if you don’t know what you’re doing (no plan) than don’t do it.

I’m not looking for it, but want to avoid (being on the wrong side) those occasional freight trains.

e-Mini S&P 500

I understand what you guys are saying; however, I’m just looking for a better way to mitigate risk, for a counter trend method that is working well for me. Ebo, I do agree that not too many people are willing to share with others; however, I’ve picked up some nuggets here and other...

So, are you saying I should only focus on probabilities and shouldn’t be concerned with adapting to market conditions?

Thanks!!!

Maybe I missed them when I did my initial search; however, I would appreciate it if you could point me in the right direction by recommending a couple.

FYI: Conditions Preceding a Trend Day Several key price patterns can serve as alerts to the potential for significant range expansion: -NR7 -- the narrowest range of the last 7 days (Toby Crabel introduced this term in his classic book, Day Trading With Short-term Price Patterns and...

Coolweb, Based on the following website less than 14% of trading days are inside days: http://www.dailyspeculations.com/vic/inside_day.html How do you define it? If you have a method for predicting them I would love to hear it.

How do you define inside days and when they will occur?

My bread and butter method works best when price is range bound; therefore, I have to make sure I’m on the freight train instead of in front of it.

Another way of looking at it is: What filters do you use to determine when it's appropriate to trade pullbacks to a MA, similar to easyrider's method, mentioned above, or to seek to pick tops or bottoms of a range?

Another way to us the ADX indicator: http://www.s108395813.onlinehome.us/enthios/charts/adxtrend.htm

To date, I use two tools to help me determine if price will trend or is range bound. 1. I noticed if price is gapped up or down, at the open of the market, by more than 3 ES e-mini points from the previous close and is above or below the previous day high or low, price will more than likely...

You should explore all the free options first before paying for a service. For example the following: http://dacharts.com