Honestly speaking, don't bother about having those indicators.
Why?
Because market
moves in various manner / fashion / characteristics.
Sometimes it goes up 2 steps then back down 1 steps and ....
Sometimes it goes up 10 steps then back down 9 steps and ...
Sometimes it takes a few seconds to...
what an interesting copper futures.
1 Oct, it was down with day range of 6.5%.
2 Oct, it was up with day range of 4.7%.
by comparison, NQ day range was 3.5% on 2 Oct.
Although copper futures moved so much, there wasn't much publicity.
As mentioned earlier, the price started to go up in Apr 2020.
And it reached a peak in Jun 2020.
Subsequently, it appears that there is no more opportunity to long it.
Personally, if I don't feel comfortable with the trade, I'd lessen my position.
To qualify for the EPIC title, ES must move at least 10% (300 points).
In Mar 2020, ES moved at least 300 points.
For today, ES has moved only 75 points which is relatively small.
It will not hurt the market.
The Market will not feel the pain.
It provides trading opportunity.
and traders will be happy.
Those who missed the opportunity will feel hurt.
Those who didn't set a hard stop will also feel hurt.
What a badly written article.
Trading involves a lot of looking at visual / graphics / diagrams / pictures
and not looking at ABCDEFG ....
Further different people define PA and TA differently.
The writer must include graphics / diagrams / pictures to
illustrate PA vs TA.
Now it is on the epic buyoff journey to the moon, Mars and beyond.
Trading could be fun. We have epic selloff. Then epic buyoff.
Down we earned $$$$.
up also earned $$$.
30 Sept Asian session review
what happened :
NQ Hangseng went up decisively (probably due to China economic data).
Then reverse direction decisively due to whatever reason.
Other index futures also follow similar patterns.
The market was trendy and healthy.
Traders love such an easy to trade...