Are Day Traders 100% Technical? - Traders Laboratory | Thread profile

A day trader finds opportunities in a trending market or a rangebound market. You can buy the dips in an uptrend and short the rallies in a downtrend. You can fade the upper and lower extremes in a range or play the breakouts of key S&R levels. Day traders are also aware of key economic numbers that are released everyday. I like to watch how the markets react to the news. I also like to watch the overnight session and the market...

100% technical. Read momentum, structure, and behaviour at critical points. The only value of news is not to enter immediately before it - wait for either a reaction to trader or wait until the news induced noise leaves the market so you can get back to doing your normal thing.

100% technical. Read momentum, structure, and behaviour at critical points. The only value of news is not to enter immediately before it - wait for either a reaction to trader or wait until the news induced noise leaves the market so you can get back to doing your normal thing.

Quote: Read momentum, structure, and behaviour at critical points. As a day trader, there are only a few options available each day. Buy pullbacks, short rallies, fade ranges, play breakouts, or stay flat. 100% agree __________________ http://www.marketprofiletrader.com

yup, same here

99% technical and 1% not-so-mental!!! LOL __________________ "It's against human nature to succeed in the markets" -- Newbie Trader Lounge

100% Technical, 100% Automated - the only way to make real money!

100% Technical, 100% Automated - the only way to make real money!