Hi, everyone. Fairly new trader here. I think I tend to be more of a counter trend trader. Days like today I end up getting beat up. What are some indicators/ indication that we are going to have a long trend like today?

Also very open to hear any simple trade setups with high probability if anyone has one they are willing to share


Sent using the NexusFi mobile app

Jones1020 

Hi, everyone. Fairly new trader here. I think I tend to be more of a counter trend trader. Days like today I end up getting beat up. What are some indicators/ indication that we are going to have a long trend like today? Also very open to hear any simple trade setups with high probability if anyone has one they are willing to share Sent using the NexusFi mobile app

The easiest way I see a trending market is to use moving averages. I usually use 8ema and 34 ema and you will see price action usually trade below on bear trends and above on bull trends. Also its a matter of perspective. If you are trading the 5min chart, then always take a look at the 30min to 1 hr charts just to get perspective.

Please friend and contact me and we can chat more if u like.

The Volume Weighted Average Price (VWAP) is a good tool. Lizard Trader is having a good one.
Big Mike probably is having a good VWAP for Elite Members and a subscription will cost you less money.

price action is best to determine slowing momentum imo. I use a variation of guppy, this helps to see squeeze times or when they are spread way out, price will come back to the mean. (counter Trend trades)