Lizard Trader – Leading Indicators

That the trend is your friend, is probably the single most used line in the trading community. Of course, one may identify trends that last for extended periods of time in higher timeframes, such as daily or weekly charts. This is however rarely the case in intraday trading. Typically there are temporary imbalances that lead to a sudden increase or decrease in price. For a brief moment the market will know where it is heading. But then the sudden move stops and the market returns back to a bipolar mode. The new price levels are now being tested until there’s a new sudden move with a breakout from the trading range.

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