Traders who were watching the order flow should have picked up what was happening in the order flow delta at this morning's high in the ES futures which gave clues that the market could go even higher.
Are you bench warmer or a trader? Traders trade the market as it unfolds, watchers wait and wait for confirmation which often time never comes and in the end they miss out on trading opportunities. So let me ask you, do you want to be the one who puts the ball in the back of the net? Or do you want to sit on the bench waiting to be called into the game?
But when the time comes, few are confident enough to put the ball in the back of the net or take the trade.
This morning ES futures is experiencing a beautiful move up, but at the same time is making huge moves very quickly.
It is making 10 point moves in 30 second burst. It is scary for traders not sure what they want to do.
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