I just didn`t get the "ATR(6SMA) has been >1.0 all day" part here. Was the 6SMA theinput for the ATR and is so,what timeframe was meant?On the 5M TF you`ll never find an ATR(6SMA) < 1.0.
Not sure what most of the above means. Sounds like you were saying the market was slow or maybe fast. Regardless there was money to be made on the swing. However, I agree, it was tedious to participate. The bigger reality is that there is selling into any rally. Perhaps end of the year tax adjustments. In order for the market to really fall apart there has to be several or a very big position that is way overleveraged. Something besides increase in interest rates is going on. Something big is really going to melt. Not sure what it is but it is Big. Any clues welcomed.
As far as I know on those shitty indicators, SMA=Simple Moving Average. We all get that, But the key here is the 6? What 6SMA is it? 6 minutes, days, hours, weeks, years, decades? Microseconds? Picoseconds? When one speaks of an average value over time, we need to know the unit of time the number represents. Yes?