How do you identify a trending day?

Raghavacc

Well-Known Member
#1
This question to me is priceless because all our strategy, position sizing,energy spent depends on whether the day is a trending one or not.

As rightly said by ST da in a week one or 2 days will be highly trending and we have to there on those days to make a real killing.Remaining days will be like " Digging mountain to catch a rat".:lol:

Would like to know your views on the techniques that we can employ to identify the day as trending or not.

I personally use
1. NR7 and
2.Volumes upto 11.30 am as my guides.

Will accept all comments, criticism,suggestions,advices with both the hands.

Regards
Raghav
 

veluri1967

Well-Known Member
#2
This question to me is priceless because all our strategy, position sizing,energy spent depends on whether the day is a trending one or not.

As rightly said by ST da in a week one or 2 days will be highly trending and we have to there on those days to make a real killing.Remaining days will be like " Digging mountain to catch a rat".:lol:

Would like to know your views on the techniques that we can employ to identify the day as trending or not.

I personally use
1. NR7 and
2.Volumes upto 11.30 am as my guides.

Will accept all comments, criticism,suggestions,advices with both the hands.

Regards
Raghav
On lighter side, you can easily identify a trending day at EOD.:D
 
#3
On lighter side, you can easily identify a trending day at EOD.:D
If you identify the trending day at EOD, you are market analyst and commentator.....welcome to TV financial channels :D....if you identify it as the day progresses , trade and make money on your finding, you are a trader....:)

Smart_trade
 

Raghavacc

Well-Known Member
#5
On lighter side, you can easily identify a trending day at EOD.:D
Ok.Will ask my broker whether I can trade on EOD charts?

Regards
Raghav
 

trader.trends

Well-Known Member
#6
The lowest TR for the year is at 26.85 on 15 January.Today's TR was the 32.50. The narrowest in 35 days.

The 7D ATR stands at 70. Tomorrow if the 7 day ATR has to be around that then the day's TR should be around 143 to make up for the narrow ranges of the last few sessions. A range of 143 gives us the expected high of 5241 and the expected low of 4956
A trending day in the offing?
TR=(max of PC-L,H-PC, H-L)
 

AW10

Well-Known Member
#7
This question to me is priceless because all our strategy, position sizing,energy spent depends on whether the day is a trending one or not.

As rightly said by ST da in a week one or 2 days will be highly trending and we have to there on those days to make a real killing.Remaining days will be like " Digging mountain to catch a rat".:lol:

Would like to know your views on the techniques that we can employ to identify the day as trending or not.

I personally use
1. NR7 and
2.Volumes upto 11.30 am as my guides.

Will accept all comments, criticism,suggestions,advices with both the hands.

Regards
Raghav
I would also include Inside day (specailly IDNR4 or greater), 2 continuous NR4 ot NR7 to this list.

Happy Trading
 

trader.trends

Well-Known Member
#8
The TR on NF was 44 a tad better than yesterday. We did not break yesterday's low but broke yesterday's high. So the range expansion was towards the higher side. The 7ATR has dropped to 56. To be near 56 tomorrow we need a range of 104 pts. Giving us the anticipated high of 5222 and anticipated low of 5014.
 

Raghavacc

Well-Known Member
#9
I think one more contributor to this range contraction is gap ups and down there by stalling the movement for the rest of the day.

Today was a classic set up for a pivot trader. Just opened below Pivot Point crossed R1 got stalled at R2 and then came all the way back to pivot point to get a small pullback.

By now market remains rangebound for the 4th consecutive month.

Waiting for March 15th..


Regards
Raghav
 
#10
HOW TO IDENTIFY A TRENDING DAY

I had posted silmilar post in miniflow thread some months back,tried to locate it but it seems to have got burried...

Nobody can identify a strong trending day before the day starts...but as the day's market action progresses, it can be identified with fair accuracy. Some of the tell-a-tale signs of strong up trending day are as under : Mirror image for down trending day.

1) Strong up day starts near the bottom of the day's range and closes near the top of the range both within bottom/top 20%. This means that the market does not retrace much after opening and quickly gets down to its business.

2) Strong up days are made of 1-2 Wide Range Bars ( WRBs)with large volumes.

3) In up trending day the rallies will be have more volumes than declining bars.

4) In uptrending day, there are no frequent reversals.

5) Market overall is strong and broadbased meaning there is strong move in many stocks/indices.

6) In uptrend day market does not retrace much....retracements are small and market gains the retraced ground fast.It is my thumb rule that if the market in-between retraces more than 25 points in Nifty Futures from its intraday top,chances of strong up day are remote.

7) In strong up day market gallops after 2:00 -2:30....and rises very fast from 2:45 to 3:10....and may retrace some ground gained afterwards.

We daytraders must have some large trend days on our side ,where holding till end and adding on every dip is all we need to do , to keep us on winning side.

Best wishes,

Smart_trade
 

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