Not that it matters, but this week records the highest weekly volume since July. On that note, does volume matter?
gonna hold over the weekend. gotta go soon. Target is 1230 for this trade. Probably gets hit in pre market on Mondays.
awesome nice to see a fellow longer! It is 20x easier to make money on the ES, what with its upside bias.
Nice.. I actually took one pt from 1220 to 1221 but had no confidence in the trade to let it run.. Today was textbook of why News must not be considered in trading, especially as a day-trader... Yesterday I am thinking "any decent drop I am going Long!!" So what happened today?? Without knowledge of the news I "should" be buying once price settled and strengthened... But all that time I am thinking "that was an AWFUL" report.. can't buy this! Who is Buying this?! Look what "they" are doing!! Conspiracy theories are nothing new and will always be there for those rationalizing contra-trend trading. To paraphrase Picaso "News is not doing anything to the markets.. it is being bought" Only one side to markets.. the profit side which I may never learn. You either go home with a profit or not. Good weekend all..
I wouldn't call myself a "longer". At the moment I prefer to buy pullbacks upon strengthening p/a. But I do not scale in, used to scale out a lot, but with the help of LC I got better at holding full position till target is reached.