[Adamned]

Recently a light bulb has turned on in my head. The second most important thing in intra-day trading the stock indexes is knowing what type of strategy to employ. Either a range strategy or a trend strategy. The first most important thing is of course risk management which addresses the crucial aspect of stops and position sizing.

I would greatly appreciate some creative ideas which would help all the great people on this forum trade a little better. The objective is to help determine which strategy is the correct strategy to employ on any given day.

In hindsight its very easy to determine which was the correct strategy but in live trading its a totally different story. After deep thought and long back testing I have found it makes an enormous difference if I use only a trend strategy on trend days and a range strategy on range days. Now the problem is actually achieving such a great feat.

I like some of the ideas from tony crabel for assisting in this area such as NR4 and NR7. If you are not familiar with his book its basically just when you have an inside day expect a persistent trend when the high or low of the inside day is breached by a predetermined spread. This is a good tool to have in ones arsenal but its not enough. Many trend days occur with out a previous narrow range. I have read the indicators such as ADX and volatility indicator (not implied or historic) can help in this area. I don't particularly like indicators but if some one has had good experiences with indicators for this purpose i would love to hear about it. Thanks for the help and good trading to all.