ES Target Hit at 1462. A few comments about the trade (see first chart)...
- Blindly fading the POC would have probably resulted in a losing trade.
- Volume would have kept you in the trade. As long as retracements/pauses occurr on lower volume, one should stay with the long trade.
- Price pauses around high volume areas (e.g., POC) and gives a trader time to make a trade decision (stay in, add to position, exit trade, etc).
I also noticed that today's trading was following a mirror image of yesterday's trading. Check out the second chart.