Direction for stocks and futures:

T

tradingpoker

I trade US stocks and Nasdaq futures. So my question is just for those, please.

The above can only go 3 ways, up, down or sideways. We have access to make money many ways once we figure that out.

What do you all use to determine the above. (for day trading only please)

Indicators? Volume? VIX? Common sense? Crystal ball?

I would like to hear everyone's thoughts/ideas.

Thank you for your time.
 
tradingpoker said:
What do you all use to determine the above. (for day trading only please)
More...
Price ONLY.... no volume considerations. You don't "predict", you don't have "targets"... you only "react to what you see" on the charts. If the market is buying, you buy. If market is selling, you sell. Not rocket science. (Plenty of challenges, but rocket science ain't one of them.)

How do you do that? Price TA.

KISS, baby. :)
 
tradingpoker said:
I trade US stocks and Nasdaq futures. So my question is just for those, please.

The above can only go 3 ways, up, down or sideways. We have access to make money many ways once we figure that out.

What do you all use to determine the above. (for day trading only please)

Indicators? Volume? VIX? Common sense? Crystal ball?

I would like to hear everyone's thoughts/ideas.

Thank you for your time.
More...
Everybody is talking about support levels for stocks.
How about we back up.
How high can yields on Treasuries go?
Riddle me that.

TNX_1.jpg


That spills over into stocks.
Trade accordingly.
 
Scataphagos said:
Price ONLY.... no volume considerations. You don't "predict", you don't have "targets"... you only "react to what you see" on the charts. If the market is buying, you buy. If market is selling, you sell. Not rocket science.
More...


Do you mind elaborating more please
 
Scataphagos said:
"Trade why you see" on the charts. That's it.
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Couldn't agree more. I've been a chartist forever. Never considered any thing else. Trade what is happening right now even if you think the market should be going he other way.
 
spooz said:
Trade what is happening right now even if you think the market should be going he other way.
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Ditto! (Could be YOU are wrong... the market is NEVER wrong!) The market is the net sum of all that is believed, perceived, hoped for, anticipated... the players factor "everything" into their brain and then decide whether to buy or sell. The market reveals that.... even if only in the short term.
 
Scataphagos said:
Ditto! (Could be YOU are wrong... the market is NEVER wrong!) The market is the net sum of all that is believed, perceived, hoped for, anticipated... the players factor "everything" into their brain and then decide whether to buy or sell. The market reveals that.... even if only in the short term.
More...


I get what you mean, but could you give an e.g.

Look at TSLA today. mkt opened, volume was normal, but it dumped all the way down to $220, from $228. This all happened within 30 mins. Aim of the game for us is to predict that before and get short.
 
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