anticipate or predict with reasonable confidence when a trend day is either about to occur,
to identify it before it has run its course.
the intraday traders who get in and then hang on for much of the duration of the trading day.
dentify a move with legs in advance.
I have to content myself with capturing moves with reasonable accuracy but of indeterminate magnitude and duration.
And so, I'd like to know how many or what proportion of intraday traders here believe they can anticipate a trend day that they normally ride for the duration. If you trade intraday, and particularly any of the indexes, then please participate in this poll and provide any relevant comment.
I am interested in hearing people's techniques for determining larger moves the direction and the length.
To your question I think it can be done though I am not sure I can do it all the time.
In reverse, part of the question is determining when a day will (or has) dissolved into a chop.
I has noticed for the ES that there are multiday moves which are in one direction and the extent of the mulitday move helps with that day. For example, if the multiday move is 40 points and you have done 20 of the 30 you still "have room" for the upcoming day.
Another part of the question is in range determination. If you can reasonably estimate the days range
AND IF
you can tell when the first of the HOD or LOD is in place, then you have a basis for determining a trend from HOD to LOD or vice versa.