Volume acts as a valuable confirming indicator on strong moves, consolidations, reversals..... imo.. despite not using it... except when I need validation of a confirm entry
IHS Right shoulder build out all but negated... when setups appear a little too sweet.. they usually are.. I gambled on scale down & got lucky with snap back north... I see a tipping point here .....
If day trades are taken at 10 times leverage and a 30 pt move ensues, that can't be classified as victory?
Very near to half way through the RTH day, about to enter the lunch room (brown bags for many), volume is running 72% of yesterday. The first 28% was down, making a new short term low. Simple math, 44% has been up, and unable to fill the morning gap, and ES remains over 1% down on the day. Yea, nothing to learn from volume. 3.5 hours to go.
Is that what you did? Does that negate the malignant tumor hanging off of your chin... at 2900+ ? Mo matter how you slice it.. dice it... or digress from it.... It`s still there... which is completely irresponsible from a Trading stand point...