Correct me if I'm wrong but you were saying that we were chopping in a range (highs being sold, etc.) and then you placed a long at the top of the range, hoping for a breakout, nothing wrong with that... if you think we're trending... but if by your own analysis we're in a range, why not play the range until the market conditions change?
wisdom or simply observation - the entire week has been contracted relative to recent weeks, so probability for an extended run or breakout is less..
You can be liberal or conservative, there are valid arguments for both lines of thinking. But anyone (not naming names) still listening to Trump, in general, and regarding this virus in particular has some serious mental disorder. And yet, we're still going up...
Vix (if you find it useful in your cumulative analysis process) imho doesn't seem to be confirming downward price action. I think this observation is still good just going to take the greater duration of the day to come to fruition.
Well - we're chopping until we're not. And I didn't consider my entry (which was a bit late) to be top of the range. I went long since I believed we had just printed a false breakout of the current LOD.