ES Journal - 2014

I can understand taking a long term position in this market right now but I can't imagine trying to day trade this thing. There is no volume and zero volatility. I put on swing trades at the start of the day if I get one and then I do something else.


This thang a joke. It's literally like Christmas eve volume.
 
spx n dvol over uvol
"don't let your mind wander, it's not big enough to go out on it's own"
reminder to trade what ya see, and not what ya think
 
actionzip54 said:
I can understand taking a long term position in this market right now but I can't imagine trying to day trade this thing. There is no volume and zero volatility. I put on swing trades at the start of the day if I get one and then I do something else.


This thang a joke. It's literally like Christmas eve volume.
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Which is exactly why I've stopped daytrading the ES until we get at least 1 down day and the price action changes substantially. 2 tick ranged 5 minute bars are being traded only by the naive. In daytrading, we trade market inefficiencies no matter how small or large the time frame. Low volatility, minor volume is an indication of agreement among price, even if that agreement is up. Why should I trade something with no ineffiency at the moment ?
 
esK, completely agree this is very hard to trade

i try to get inside the "mind of the market", sometimes successful more often than not unsuccessful

if you can trade THIS, you can trade anything

learned the hardway to shift gears; sometimes you're in fifth other time in first

in first gear right now, twos & fews
 
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