Predicting Range Days

[duard]

Quote from Ripley:

That is not what I meant. Not how many points the market went up or down. But, the "potential points for the day"... Eventhough "range" and "volatility" etc are similar, I don't think that is what I mean. I think its movement up & down (yet not volatility).......A combination of range & volatility with respect to the movement of daily price shifts would be it.

Well,

Range, what range?

Vix @ a 7 yr low. Look @ weekly ATR and you'll see ES which has historically been a very volatile market is @ 25 pts/5 days.

 

[ElectricSavant]

I find this task impossibe and gave it up years ago...This business of predicting range.

 

[protrader-2K5]

apologies,

I thought you meant potiential for a "wider range" day...

as for what you are asking... in theory this seems near impossible.

ranges can quickly expand if stops get run

 

[daferiat]

Quote from protrader-2K5:

apologies,

I thought you meant potiential for a "wider range" day...

as for what you are asking... in theory this seems near impossible.

ranges can quickly expand if stops get run

Here's how TI finds interesting opportunities with expanding and contracting ranges:
http://www.trade-ideas.com/Help.html#wsf_MinRC

 

[stocon]

Look for NarrowRange4s - NR7. Coiled springs, bb inside Kelters will generally proceed a sloping trin type day with good range. Always seems to be at least one track day in the middle run from s to resistance then contraction at those key levels. I think another tight range day tomorrow. Then down slowly then boom up and through to the promised land.