Hi all,
I am relatively new to YM day-trading but am starting to see decent results. However I have noticed that I have trouble on low volume days - such as today.
Hope this isnt too "Trading 101" but could anyone please confirm or deny my following suspicions on the effects of volume.
When daily volumes are low:-
* The market will be "choppy" and more unpredictable.
* Hard to determine the medium term trend.
* Pivots, support and resistance lines wont be "respected".
* Its a good day to stay out of the market.
Thanks much... appreciate any feedback.
I am relatively new to YM day-trading but am starting to see decent results. However I have noticed that I have trouble on low volume days - such as today.
Hope this isnt too "Trading 101" but could anyone please confirm or deny my following suspicions on the effects of volume.
When daily volumes are low:-
* The market will be "choppy" and more unpredictable.
* Hard to determine the medium term trend.
* Pivots, support and resistance lines wont be "respected".
* Its a good day to stay out of the market.
Thanks much... appreciate any feedback.
