As a day trader scalper is the trend is your friend?

[rb7]

Don't know why I didn't notice this at first glance but scalp <> trend.

Anything but.

That what's funny with forums and all those social media, you never know who's hiding behind nickname and avatar.

Let the OP live his dream...

 

[Fonz]

That what's funny with forums and all those social media, you never know who's hiding behind nickname and avatar.

Let the OP live his dream...

Sometimes, it is easier than you think: I recognized your socks on your avatar

 

[twstn]

The range is not your fried.
The range is your reality. 70% of time.
To much money left on table during the day because trend calculation. If you want comfortably make money during the day, you should master the range. Trend flowing is nice for big accounts.
If you want to bring bread on your table withe less then 100k.. you must have adge over trend

The range could be your friend if you are on the correct side of it. Or, it could be your worst enemy if you are on the wrong side of it!

 

[maxinger]

The range is not your fried.
The range is your reality. 70% of time.
To much money left on table during the day because trend calculation. If you want comfortably make money during the day, you should master the range. Trend flowing is nice for big accounts.
If you want to bring bread on your table withe less then 100k.. you must have adge over trend

the range could be your best friend when
price moves nicely from the low of the range to the high of the range, then,
price moves nicely from the top of the range to the low of the range, then,
price moves nicely from the low of the range to the high of the range, then,
price moves nicely from the top of the range to the low of the range, then,
price moves nicely from the low of the range to the high of the range, then,
price moves nicely from the top of the range to the low of the range, then,
price moves nicely from the low of the range to the high of the range, then,
price moves nicely from the top of the range to the low of the range, then ...

 

[KCalhoun]

Tradable signal like increasing range, vs choppy noise.

See recent UVXY increased range. I love daytrading it $$$

 

[p0box4]

I think it depends on the instrument you are trading.

On NQ i prefer the 5 minute chart since stops need to be just that little bit wider compared to for example ES, NQ is much more volatile and it can hop around quite a lot before taking of in a certain direction. Placing stops too tight on NQ can be fatal.

ES on the other hand trades a bit slower, so the stop can be tighter. On ES i prefer the 1 minute chart.

However lately i have been focussing most of my time on fixed income. Slower, but i find it a bit easier to day trade compared to indexes, they can go out of control from time to time.

 

[mute9003]

havent you heard?

 

[HeSaidSheSaid]

it sounds our dear Leob is a noob (who hasn't seen/experienced all the trials and trickeries in the markets yet).