Es - 10/29/03

You guys ever trade the ER? I have just started trading it a bit. Wow .. it has some great ranges and trends compared to the ES. Love reading your posts guys. I would like to visit your live futures chat room some time. keep up the good work

Mike

 

impressive - with results like these on such a day you are da man - what is your stop size - what timeframe?

+17 pts - would you say it was a good day - what's your avg/day?

 

Thanks for a great info ! Would you, please, post time of your 2 winning trades from above ?
Thanks,
Walter

 

Not to take anything away from Chris' results, but yesterday was an unusually easy day in that, while the range was narrow, it was "clean", i.e., there were a number of intentful moves from one side to the other. This made it possible to rack up twice the day's range or better.

Obviously, not every day is like this, or at least hasn't been.

 

In fact, I didn't play the gap closure today and so far haven't made a dime. So there you are.

 

db,
I found the gap play some what obvious today, meaning that I figured the market would move in one direction or the other, with intent.
So I'm curious as to why you didn't play the gap? Did your analyst of todays likely market action keep you out? If so, what didn't you like about the open? Or was it something else?

sulong

 

Why did you think it was obvious?

 

The part that I thought was obvious was a strong move in one direction or the other.
I was aware of the announcements this morning, after which the price went to a test of the high of the month, which created the gap for the NY open. yesterdays NR ( not likely to do that two days in a row).
If the price were to keep going up it would have to exceed 1446 or so.
The hypostomus OMV indicator pointed to volatility for today.

NeedHelp was looking to learn how to go long.

sulong

 

Gap close today ROCKED! Entered Shorts in early morning at 1054 (prior to the open) and then right out of the open at 1052.25 and 1051.75. Rode those baby's down for some great profits today. Still playing...will be back later.

Walter - I will get that for you! Be back later to enter.

Chris

 

Well, yes. But that doesn't tell me which way.

I learned long ago not to trade according to my feelings. If the setup isn't there, I leave it alone. And gap closures have hardly been a lock lately.