So far we have a 4 point range with volume declining all day. A breakout above or below should give at least 2 points (typical narrow range at least). I'm looking for upside hoping for one last push down with a pivot up. something like a fake out bar. Then again maybe just up as I type. :eek:
I know it. I think with all these needles going on all over the place I am giong to take the safe route and not trade today. I'll take my loss on the chin and get my revenge next week.
Hey Don, About the ER, is their good liquidity in it and what is the typical margin requirements for it? I might start looking at it next year. I like to specialize for a while before moving on.
ER2 is too thin for me.......NQ is OK for some trades as the liquidity is better. ES is the king, so I stick with it in all of its inefficiencies.
I just look at accumulation in a different way, you obviously are looking at what's happening number wise, I don't.
Yes I look at the numbers, and I have backtested thresholds that I pay attention to....today is just playing in the middle of the road so far (right in all the traffic....ouch :eek: ).