Just an item. Typically, I reserve S&R as lateral and/or pennant characteristics. The volume characteristics for these formations are different from long/short channels which are dominated by volume surges (ie. increasing volume) on traverses... Thru 68... "\/\/"AK!
hm... found out i was to tired to go out, haven´t slept in 24 hours, so i´ll sit in for the rest of the session - seems really dull though...
This is normal preholiday friday but not a normal afternoon. My first two years of trading I traded the morning session only. Most of my trades are still done in that area. Occasionally the afternoon will yield some nice trades.
That last ftt turned into a nice trade. I should have taken it. I dont like longs on low volume but shorts are far less risky, imo.