It depends...low relative volume at a specific price level can be a strong support, resistance, or breakout level.
I like constant volume bars, because it filters some of the noise produced by time charts during congestion periods. However I'm beginning to...
I'm done for today, zero trades for me.
IMHO, at the moment those sell stops are being taken out. I'm just waiting to see if this run is for real or a fake.
This could be another fakeout similar to yesterday. I'm on the sidelines until price breaks higher. If not I will be looking to short.
A high volume churn day so far in this 5 point range. http://emini-watch.com/emini-daily-update-volatility-and-volume-churn/88/
Checkout bolter's thread on volume profile: http://elitetrader.com/vb/showthread.php?s=&threadid=63202
Apex82, You have my vote of confidence. I appreciate your participation/sharing and look forward to hearing your daily commentary. Keep up the...
Interesting click. I just don't get why so many people believe daytrading is such a bad thing. Unlike any other entrepreneurial effort.:confused:
Went long at 1428.50 got out at 1430.00. Typically I would have stayed in until 1431.25, but I don't like to be in a trade for very long this late...
At the moment, I won't go long until 1427.50 is broken.
It looks like the low of the day will be 1427.50.
I got 1427.75.
IMHO if it breaks below 1435.50 then it may test 1431.50.
Based on the following link Esignal is properly constructing constant volume bars: "...For example, to create a 1000 contracts per bar bar...
Is this a wave 4 until it breaks above 1439.25?
Watchout for the freight train going south?
Wave 3 Down Confirmed? Break of 1430.50.
Yes you are right. My weighted cash market chart (INDU, SPX, & NDX) showed a breach because the NDX was hammered yesterday.
Checkout 4re's closed journal at: http://elitetrader.com/vb/showthread.php?s=&threadid=69230 P.S. 4re, everyone is waiting for you to start...
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