Consolidation after a trend day

[Soultrader]

Continuation of this thread: Identifying the %TREND

Always watch out after a powerful trend day. The markets will trend 30% of the time and consolidate 70% of the time. Making money in a trending market is easy. Consolidation is what makes new traders broke.

The %TREND is useful to identify whether we will have a trend day or a rangebound day. The markets like to take a breather after a strong trend day and there is a higher probability that the following day will be rangebound.

If the %TREND is high, that means the market closed far away from where it opened. If the %TREND is low, that means the market closed near the open. On a high %TREND day look for a low %TREND day the following session. On a low %TREND day look for a higher %TREND day the following session.

The calculations for the %TREND are listed in the thread: Identifying the %TREND

[Tams]

the link is broken...

[brownsfan019]

Maybe since it's 3 years old Tams and all the changes James has made something got lost in the shuffle...

Better question is how does one find a 3 yr old post? Who has the time for that?

[Tams]

Originally Posted by brownsfan019 Maybe since it's 3 years old Tams and all the changes James has made something got lost in the shuffle... Better question is how does one find a 3 yr old post? Who has the time for that?

the link was on the left column of the TL home page.


I guess whoever has time to look for a 3 yr old page will have time to answer this post.