Where does every body go when the ES and YM top off like now?I don't care what I trade , as long as there is volumn. Can't trade stocks, Don't have the account. Any one care to comment?
Well, if the morning was played properly, one could have made around 8 ES pts at least so you could just take rest of the day off -Fast
If I understand your question are you asking what do you do when the market is in a significant correction to the downside and you are short and ridding the downwave? And now you are bored and feeling superior? If you have answered yes then get ready to take profit and get out especially if you do not have your emotions in check. You will ultimately lose on this trade if you allow greed to set in. Remember this is a gift from the market. It will take it back some day. If I have gotton off on a tangent please correct me if I have not addressed your question.
I am not much on trading over night! Like you said, when the market is in a correction, people vamoose! all the smart people anyway. they have to go some where else if they still want to day trade I want to go where they are. it takes volumn to make trades work!
Probable trend day. I've got my positions on so not much to do until the close. All I've been doing is playing Americas Army on another system.