Trading NR's & WR's

J

Joeboy

It seems to me after watching NQ/ES, that you should really have different strategies for certain days that the market behavior is in. (am i wrong?)
What kind of strategy should I use to trade, after a NR and WR day(4's an 7's). And then the days in between those? Also, are there other days that I am unaware of, besides WR's an NR's ?

Anyways,,,
Any discreationary strategies would be great to hear!

Thank you.
 
Quote from Joeboy:

It seems to me after watching NQ/ES, that you should really have different strategies for certain days that the market behavior is in. (am i wrong?)
What kind of strategy should I use to trade, after a NR and WR day(4's an 7's). And then the days in between those? Also, are there other days that I am unaware of, besides WR's an NR's ?

Anyways,,,
Any discreationary strategies would be great to hear!

Thank you.
More...

FWIW, after a NR day, I'm on the hunt for a breakout and possibly retracements if a trend is established. After a WR, chances are good that you're in for another NR the way things have been going lately. As for a strategy when this happens, staying out has been the best strategy for me. Of course, all of this is so obvious and simple but sometimes, heck, make that a lot of times, obvious and simple are the best ways to go. If you really want to delve deeper, fading the obvious can be quite profitable.

Uni
 
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