If you are day trading with 1-30 minute charts, obviously day to day trends are meaningless. I do not day trade so yes anyway we are looking at different perspectives. Anyway, of a few stocks I monitor, on hourly charts, until today the road was clear in terms of resistances. Now the higher level timeframes (2H, 4H, daily) are going to thrown up a lot of resistance. The momentum ... although slowed ... is still there ! Let's see where we end up.
Either way ... whether you day trade or you do positional or you gamble (I guess) ... finally you are putting your money on the table with some expectation. You need to find some "circular argument" which appeals to you and allows you to put your money on the table. That's always going to be there .. there is no way I can predict what's coming on Monday, but as of now, at the risk of losing more than my stop loss ... I am in !
Tea time for me too ... had planned for samosas too, but wondering whether to walk 10+ minutes to go get them. Maybe I will !! Alright ...
[Funny thing - after learning 10 odd systems (or sub systems) - I finally started making trades with ichimoku as the prime system and using others just for reference. I had almost given up on ichi, but once I started looking for trades ... it felt so much usable than others ! Did not have that opinion just 2 months back ! ]