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How to Find the Trend Day Trading Futures

by DavidWilson01 on Jan 12, 2012

How to Find the Trend Day Trading Futures

Day trading futures can be extremely challenging. There are several market maxims to trade by. One is the trend is your friend. When day trading futures you want to initiate positions that go with the trend. Imagine a boulder rolling down a hill you wouldn't want to stand in front of that because the momentum of that boulder has the potential to crush you. This is the same concept in day trading futures. If there is a clear trend for the day in one direction you want to take the path of least resistance and not fight the trend. So how do you identify the trend for the day so you can be on the right side? Here are two tools to help you do just that.

I Tick, You Tick, We All Tick
One of the tools I used to identify whether bulls or bears are in control of the market while day trading futures is using the NYSE Up/Down Tick Ratio or ticks for short. On most platforms the ticks can be found by using the following symbol $TICK. The $tick represents the number of stocks...Read More >>



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