Re-entry in Trading Days

[haleh]

I would like to know how traders re enter in trading days, my interest is only in Dow.thanks

 

[TheBramble]

What do you mean re-enter?

 

[haleh]

What do you mean re-enter?

in trading days what kind of indicator do you use after you exited the market to get back in. i find it very difficult, because market is trading.thanks

 

[TheBramble]

Do you mean 'trending'?

If so, some inds work better in trending markets and others better in an oscillating (rangebound) market.

But it's the 're-enter' that's thrown me. I don't understand the significance you're putting in having already had one (or more?) trades.

 

[haleh]

Do you mean 'trending'?

If so, some inds work better in trending markets and others better in an oscillating (rangebound) market.

But it's the 're-enter' that's thrown me. I don't understand the significance you're putting in having already had one (or more?) trades.

Thanks for replies i need to explain, take yerderday in Dow according to my indicators it was a trading day from 10 o clock till closing time & market went down only 16 points, but during market hours it went up 18 points & went down 67 points as you can see market has moved 85 points,so which indicator you use for this kind of trading days.i have started to trust RSI(3) for entry to down side but upside i am not so sure.waiting for your reply .

 

[FetteredChinos]

i think TheBramblyOne may well suggest binning those indicators in favour of price and volume..

if it is any help...:-

the average daily range on the Dow is approx 70-90 points (havent recalculated this recently)

we had an early dip into the 10,020...

having courage , and trading from patterns we would have been expecting something of a Buy day.

70-90 points from 10,020 gives us 10,090-10,110 which is pretty much the high for the day, so you could have expected something of a retrace from there.

bin indicators. use price..and volume if you want confirmation.

FC