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Re: How do you determine a breakout from a false breakout?
fwiw, the futures have been a "means reversion" market for the last few years, which means (generally speaking) fading extremes is more profitable than playing breakouts.
imo, premarket research is very very helpful for this type of thing. i would never consider trading the YM without first doing my research as to NR7 etc.
today (monday) was an NR7 day btw.
we had a 43 point range today, which is 1/3 our 40 day average range of 128.
volatility is much more cyclical (and predictable) than price.
today was ALSO an inside day.
hint #1: NR7
hint #2: inside day
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