If you’ve ever sat in front of the futures chart with 20 tabs open, indicators firing signals in every color, and your brain melting from contradictory candlesticks—welcome to the club.
The number one question intraday traders wrestle with isn’t about entries or exits. It’s this:
“Where the heck is the market even going today?”
And no, the answer isn’t hiding in a magic indicator. It’s in learning to see the story of price beneath the chaos.
Step 1: Start With the Higher Time Frame (Don’t Skip This)
The worst thing you can do is open a 1-minute chart and try to “guess” direction. That’s like walking into a movie halfway and trying to predict the ending.
Zoom out. Look at the 1-hour or 4-hour chart first:
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Is the market trending up, down, or chopping sideways?
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Has it broken a major high/low recently?
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Where are the obvious zones where buyers/sellers fought before (support and resistance)?
This gives you context. Without context, your intraday trades are just noise.
Step 2: Use the Opening Range as Your Compass
The market often tips its hand in the first 15–30 minutes. Traders call this the “opening range.”
Here’s the trick:
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If price breaks above the opening range and holds, intraday bias leans bullish.
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If price breaks below and holds, bias leans bearish.
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If it chops inside all day, congratulations, you’re in a sideways market (manage expectations).
It’s simple, but it works because you’re letting the market set the tone—not your emotions.
Step 3: Volume Doesn’t Lie
Candles without volume are just shapes. Volume tells you who’s serious.
When you see a breakout with high volume, it’s more likely real. When you see one with weak volume, it’s probably a fake-out waiting to punish you.
Pro tip: Compare volume at key levels. If buyers are slamming in at support or sellers are hammering resistance, that’s your clue.
Step 4: Accept That Direction Isn’t Static
Here’s the uncomfortable truth: intraday “direction” is rarely a straight line.
The market can:
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Trend in the morning.
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Chop midday.
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Reverse in the afternoon.
Your job isn’t to predict. It’s to align yourself with the flow as it changes.
Step 5: Control Yourself Before You Try Controlling the Market
This is where most traders implode. Even if you nail the bias, you can still lose if you:
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Over-leverage because you “feel” certain.
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Refuse to stop out when the market proves you wrong.
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Chase fake moves out of FOMO.
Direction matters, but discipline matters more.
The Bottom Line
Intraday futures trading is not about fortune-telling. It’s about reading the story of price—context, opening range, volume—and then staying humble enough to admit when the story changes.
Because the truth is, the market doesn’t care about your prediction. But it rewards traders who adapt.
So next time you’re stuck wondering, “Which way is the market going?”—remember: it’s not about finding certainty. It’s about finding probability and managing yourself along the way.
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