Quote:
Originally posted by Jetheat
Does anyone know how to determine the so called "Mood" of the market?
How would you estimate if it was gonna be a trending day or ranging day?
What kind of research could you do at the beginning of the day to see what the sentiment is?
Thanks
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For the news trading system I use its very important that I get the mood and the feel of the market for both trading and for the actual numbers, then I can make the right choice for my trades. I'm no expert yet but I usually look at all of the forums and my newswire to get this "feel". If its not strong enough I don't make any trades. I mean sort of anticipation wise. So far I have kept away from news trading since last friday GDP and I feel that waiting all week for this friday is best as everyone seems to be waiting for the jobs number. I will place my trades before the data and hope for a big big move!