Trading vs Trending Day

[thundertrader]

I need to know how i determine whether it is a trending day or a trading day. I visited the Fx calendar at forexfactory.com to try and determine this by seeing which days have major announcements and which days did not. However most days have some announcement that should affect the market significantly and i know that trading days should be more prevalent than trending days. Please shed some light on how to fliter the information to come to a position on whether it is a trending or trading day. If someone so decides just post general information on how you determine what type of day it is.

[trader273]

That's a pretty loaded question. I don't think its actual possible to predict trending vs ranging trading days. If someone knows how to do that, I really doubt they are going to share that information. My advice is to have a system that allows you the versatility of range and trend trading.

[walterw]

Thunder : you may want to take a look at my "Momentum Discernment" video series... here http://www.traderslaboratory.com/for...ps-2558-3.html they refer to the ability in recognizing momentum conditions as they unfold... hope that brings some light... cheers Walter.

[brownsfan019]

What you've asked for is my definition of the grail.

If you can know going into the day of trending vs. chop day, you will be a multi-millionaire in a very, very short period of time.

My point is (in case the humor was lost) is that there's many different ways to try to diagnose what type of day is in front of you, but they all have their faults. In my time on boards and trading, I have only seen one person provide anything of substance in this regard but it requires an immense amount of research and data collection, and then analysis. This amount of work would turn most people off. The person I refer to, and sometimes posts here is NihabaAshi. Look up his posts here and elitetrader and you'll get a sense of the amount of work required to come close to having an idea of where the day might go.

[Reaver]

I may be misunderstanding your question....

but if the market is doing this /\/\/\/\ it is a trading or ranging day



if it is doing this / you have yourself a trend...

now you also seem to be referring to some sort of forex equivalent to seasonality based on events and time..like Trader273 and brownsfan said, no way to predict the future, or else none of us would be trading....but if you were to conduct research and find high probability patterns on a calendar basis..there are those that trade that way and say it's the way to go.

I don't think this would be a good move in forex, but it's not my call, who knows you may come up with a way to blow the doors off the concept.

Good luck, hope I helped a little.