arrow - there's always going to be moves in the PM that you miss, but I have learned to accept that. For me, I have learned that I give back too much in the PM, so I simply stopped trading it. I tried the skipping lunch thing, trade the last 30-60 min's and I found it hard to trade intently till Noon, take a long break and then come back the same day to trade. In the end, it just wasn't worth it to me.
yep, i am still trading er2 and it's some crack whore...liquidity has been cut in less than half, but still money to be made but no much more than before...and u have to be really careful: take the best odds trades and let them run. infact ranges have not changed much except the opening range. i will give it a try on es today and see how it goes.
If you used to trade YM with size consider trading ES exclusively with a half or a third of the YM lots while considering each tick on ES like a tick on YM before the volatility spike. Incredible opportunities out there especially during premarket and in the morning - investors are giving away freebies to traders.
<i>"Incredible opportunities out there especially during premarket and in the morning - investors are giving away freebies to traders."</i> Up +8pts and +2pts ES on two shorts... the second one ran +7pts from entry and bounced while I walked the dogs. Free money, no risk shorting the S&P!!! Sorry, wrong thread (laugh)
today er2 was nice and trendy. hundreds of opportunities all day but especially around 2 o'clock, when price kept bouncing dozens of times between the same areas 1 full point or more away. hope it stays this way.
No problem, from your post , it looked like you quit for the day because you were 'up' nicely. If thats your normal game, stick with it, though you could still take advantage of special trading circumstances like we have now by trading longer.
From most of these comments it seems as though a majority of these futures traders have only learned to trade in the uptrend since 2003 or so. You need to take a step back and understand that the market is always changing, you can't just learn to trade buying dips. What will you do in a downtrending market? Secondly, this volatility is expected when billions of dollars are being dumped onto the market. Trying to trade the noise is very irresponsible when you see a liquidation going on in the futures markets. Either trade the sell off, or step aside. The noise will just eat away all your profits you made buying dips.