wow, nasty day.
The morning should give good volume all the way to 9:30-10:00. On days that are going to chop, the morning volume usually dries up around 9. Then...
Be aware of vol and avg volume throughout the day. Thats the ONLY thing I have from keeping me from getting chopped up on days like today.
Haha I know exactly what you mean. I have 3 trades today. Long at 8:36, short at 8:48. and Cover then Long again at exactly 9:00. No trades...
Going to be interesting to see which way they take this into the close.
Yeah, I doubt it will be today though. Check the daily for the decreasing volume on the past 3 up days.
I just trade spy. Could be changing soon though as my clearing firm is starting to make it cheaper and cheaper to trade futs.
The weekly resistance level is 135.79. I made some shorting that point yesterday.
Are you guys still long?
I'm about to get a triple top long signal. Also happens to be one with a tight stop :)
After going over the past 200 days of intraday data of the spy I am going to start tomorrow using the triple top/bottom and quad top/bottom live....
LOL WOW, let that guy take the trade. You already covered that many times in this thread. Some people have to learn by making their own mistakes....
I dont know about that. this tiny volume speak so much about going against the direction of the overall trend.
haha its still has to be an awesome feeling knowing a PRO used that strategy for years and you came up with it yourself on your own observations.
boring day, only 2 trades and I missed the entry on the second. LOL
Its very hard for me to take vacations.
JCG has been a good fill thus far.
Great info HG! Thanks for your time and effort.
lol
NO WAY MAN, THERE IS ONLY ONE WAY TO TRADE. FLOOR TRADERS ARE WRONG, HEDGE FUNDS HAND OUT MONEY, AND ANYONE THAT SCALES OUT IS STUPID. ALSO...
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