I hate strong trend days

[bone]

Back in my scalping days one of the many market drivers I used to model was: overnight BIAS follow through to the day US session.

Yes of course, same with Forex, but the market could continue its Asian-European trend or reverse completely, later. Not sure how the Asian session could be used to consistently predict tomorrow's price.
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[Tradex]

overnight BIAS

Oh sure, I see what you mean now, I thought you were talking about something else.

 

[Tradex]

Trend days are the best, you can literally get in anywhere

Yes, but there is no way of knowing that it is indeed a trend day, in real time.
In fact most major reversals start with strong initial trend moves in one direction, only to go the other way later.

 

[bone]

If you require certainty - trading is NOT your profession. We deal with RISK.

Yes, but there is no way of knowing that it is indeed a trend day, in real time.

 

[Tradex]

If you require certainty -

???

Did I say that??

Where?

 

[Tradex]

Here is what looks like a super uptrend day in progress.

And here is what happened next...

Again, there is no know of knowing if we are witnessing the beginning of a trend or the first part of a reversal, in real time.

Of course it does not mean that we cannot profit from trending days, that's an entirely different subject.

 

[padutrader]

In hind site

trends can be seen of course in hind sight...ONLY IN HINDSIGHT....so use that hindsight to make money

you need to see a trend and trade it......until it hits another trend in the opposite direction.....it is simple......

i have wasted 200000 and 13 years thinking like you.

thinking of wedges channels trend lines reversals.

trade the blue trend until it hits the yellow trend......what is there to like or hate.. IT IS THERE
https://www.tradingview.com/x/lCGlbiKY/

 

[padutrader]

Here is what looks like a super uptrend day in progress.

And here is what happened next...

Again, there is no know of knowing if we are witnessing the beginning of a trend or the first part of a reversal, in real time.

Of course it does not mean that we cannot profit from trending days, that's an entirely different subject.

you did not show anything to the left...there would have been another bigger trend IN THE OPOOSIITE DIRECTION over there

 

[Tradex]

you did not show anything to the left...there would have been another bigger trend IN THE OPOOSIITE DIRECTION over there

Nope, the market was mostly in range mode before that (this is a 5 min chart).

 

[padutrader]

Bingo! Vegas needs to look at my journal. Later tonight will post 13 trades I took on retraces towards ma.

why wait for retrace

here is oil...... see here.... the blue trend hits yellow ,,,,,what do you think is going to happen?

why the hell wait for retracement get in the trend at the beginning

https://www.tradingview.com/x/lCGlbiKY/

this is not a call just a example....