While we may use different tools to see and gauge imbalance, I imagine we all agree that imbalance is our friend.
As a novice, I am beginning to "see" the imbalance and heavily depending on that for my discretionary trade decisions. If it isn't there, I don't trade.
I haven't traded my live account in about a month or so and have only been trading real time sim. It was my intention to start trading yesterday, but there was such a heavy imbalance, I was afraid to enter any trades and continued trading the sim account. I look for opportunities where I can place a 2 point profit/2 point SL in MES. This happens a lot. Every pull back in a trend, or ranging in a channel as well as at S/R.
The last few days have seen a great deal of sustained imbalance in my novice opinion. Imbalance is good, but too much makes me anxious. It is reasonable to assume that this is because of my inexperience and having not had the opportunity to gauge my strategy's performance in that particular kind of market.
That being said, I made over $600 yesterday in sim. Most of that was in short profits with an occasional one that I would let run 8 points or so if I happened to be in position before an imbalance swing.
So, my question: is there ever a time where the market is too imbalanced (steep trend) and even though your signals to enter are there, something keeps you from entering?