Discussion in 'Index Futures' started by Samson77, Jun 22, 2005.
Talk about an untradeable mess!
What's it going to take to get the Indexes out of this enviroment?
There were three pretty decent trades today, imo. That test of the top turned into a pretty nice run. Im actually starting to like this range. Just have to shoot for fewer points.
I think a lot of hedge funds need to bleed/die of a million cuts and maybe people will ask for their money back. That might lead to less of this garbage.
Hopefully, we dont get Bullet Ben Bernanke afterwards
yeah, I agree. I also think the system is so flush with liquidity and costs/commissions are so negligible that the competition for each piece of the pie has just spiked exponentially.
I agree it's just getting really tiring and boring to do all this work for 1/3 the paycheck.
I agree. It was one of the best days since late April as far as momentum. The Ford announcement was great.
What kind of stops do you use for these smaller-target trades? Do you use much tighter stops or do you just set your stops outside the narrow 80 point range and let the market stop you out only if the range is broken? Thanks.
I have a bracket set up on Buttontrader with a 10 pt stop and a 20 pt target but neither gets hit very often. The market is so spikey that Im pretty much flying by the seat of my pants. Yesterday I had 10 trades and 7 of them were washes so you can see Im not hanging around long if it doesnt go my way. When it does go my way Im out at the first sign of support or resistence coming in.
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