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10 Things you need to know about Supertrend Indicator
1)Supertrend is a carry forward strategy that involves overnight gapup/gapdown risk and also weekend carry forward risk. It is not a pure intraday strategy. However, you need to modify this code to convert into an intraday trading system.
2)Supertrend normally makes more profit when the volatility increases...
Buying climax gap marks one of the late buying phases in the market where emotional traders and laggards try to see this phase as goldilocks period.
All time high in MSFT likely to act as a immediate resistance band.
News based emotionas are running higher in ES-Mini. Tradrers are getting crowded on the long side. Possible liquidation can happen here
as buyers emotions are running at last two days of news based buying.
Lots of G2/G3 unsecured lows on the downside. More odds of clearing those levels breaking previous swing low during the month of Feb 2019 - Mar 2019 as mentioned in my twitter post . #MarketProfile
Trading Sentiments are upper extreme one of the good trade location to hold positional shorts
The second shutdown of the United States federal government in 2018—which has continued into January 2019—began at midnight EST on Saturday, December 22. It occurred when the United States Congress and President Donald Trump could not agree on an appropriations bill to fund the operations of the federal government for the 2019 fiscal year