[jpflores]

I have been reading this forum since Feb of this year and have really learned and enjoyed it a lot. I hope to get to where most of you knowledgeable traders/technicians are now one of these years. I daytrade the emini S&P and Russell. Anyway, I have been searching for a way to calculate/forecast the next day intraday major turning points. I have searched this forum and web extensively with no luck. Can anyone point me in the right direction? Thanks, jpflores

[brownsfan019]

You just need the current and future day's turning points?

Is that all?

[BlowFish]

Originally Posted by jpflores »

I have been reading this forum since Feb of this year and have really learned and enjoyed it a lot. I hope to get to where most of you knowledgeable traders/technicians are now one of these years. I daytrade the emini S&P and Russell. Anyway, I have been searching for a way to calculate/forecast the next day intraday major turning points. I have searched this forum and web extensively with no luck. Can anyone point me in the right direction? Thanks, jpflores

Try looking at any of the price action / support resistance threads also the 'busy day tomorrow thread' in the Forex section. Also take a look at DBpheonixs blog he did a couple of weeks marking up S/R for the NQ.

You maybe be better thinking of places where you 'anticipate price might find S/R' rather than 'forecasting turning points'. Thats not to say that you can not find success predicting but it is a tougher path to go down, not least for the psychological pressure of dealing with being 'wrong' a lot of the time.

Have you thought of anticipating S/R then monitoring price action to ask yourself is that holding now (in the present)? It is possible to do very well without needing to predict.

[smwinc]

Originally Posted by brownsfan019 »

You just need the current and future day's turning points?

Is that all?

Oh, come on Brownsfan, don't be unfair.

I'd like this week's and next weeks please.

[brownsfan019]

Originally Posted by smwinc »

Oh, come on Brownsfan, don't be unfair.

I'd like this week's and next weeks please.

no prob - why didn't you guys just ask.

[brownsfan019]

Check out this post for a response I gave w/ a similar situation.

[trader273]

What are you guys talking about? This is really easy to do. All you need to do is get a Delorean, Flux-Capacitor, MR. Fusion and you are good to go. I actually saw a documentary, I think it was a 3 part series, and this guy, Dr. Brown along with his teenage sidekick accomplished this feat. Not sure if they have a trading website, but you can check it out. I know I have!

Here they are in action:

[daedalus]

Try drawing session grids for fibonnaci retracements and extensions. They are just reliable as anything else at predicting potential turning points.