ES Journal - 2017/2018

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mastacoli71 said:
Completely agree!!! Volume definitely plays a role. Anyone that does not consider it is missing out on a tell.
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Volume acts as a valuable confirming indicator on strong moves, consolidations, reversals..... imo.. despite not using it... except when I need validation of a confirm entry
 
IHS Right shoulder build out all but negated... when setups appear a little too sweet.. they usually are.. I gambled on scale down & got lucky with snap back north...

I see a tipping point here .....
 
Very near to half way through the RTH day, about to enter the lunch room (brown bags for many), volume is running 72% of yesterday.

The first 28% was down, making a new short term low. Simple math, 44% has been up, and unable to fill the morning gap, and ES remains over 1% down on the day. Yea, nothing to learn from volume. 3.5 hours to go.
 
Buy1Sell2 said:
If day trades are taken at 10 times leverage and a 30 pt move ensues, that can't be classified as victory?
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Is that what you did?

Does that negate the malignant tumor hanging off of your chin... at 2900+ ?

Mo matter how you slice it.. dice it... or digress from it.... It`s still there... which is completely irresponsible from a Trading stand point...
 
tiddlywinks said:
Very near to half way through the RTH day, about to enter the lunch room (brown bags for many), volume is running 72% of yesterday.

The first 28% was down, making a new short term low. Simple math, 44% has been up, and unable to fill the morning gap, and ES remains over 1% down on the day. Yea, nothing to learn from volume. 3.5 hours to go.
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Volume does not have any direct impact on direction and is useless as a trading tool.
 
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