I felt like today was difficult too. Not much follow through, lots of back and forth action. I was trying to follow Mak's approach and be more strict on my channels. Worked OK in the morning, but I found it tough going in the PM. Anyway, here's today...
Brain Burp I used a 10 minute chart instead of 5 in my last post. No wonder why things seemed a bit off today.
QQ re trading today I see a lot of bars on the 2min and even 5min which have shot up on huge vol only to close at or below their open price. How should we interpret this? The ones I'm thinking of today happened (on the 5min) at 10:00, 10:55. In other circumstances, I'd have figured that these would indicate an inability to sustain a rally and so would portend a reversal. But not today. Does anyone know what's going on? <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1332267"/>
It was my birthday yesterday so I am running several 250 contract partial fills into the market. Sorry about the spikes.
Calling it quits early. For some time now I keep observing FTT ...FBO.... FTT... FBO. I think it must be Friday afternoon Have a great weekend all!
with dry up vol that's what you will get FBO to FBO. ps. check out this Gann chart, I wonder if tunnel thru air = channel thru air http://www.elitetrader.com/vb/showthread.php?s=&postid=236026#post236026 pss. this is off topic, please do not reply, thank