What do u mean by envelop Don? Can u eleborate a little bit the details of the setup. I thought u dont trade futures.
Think about it......to "surround" something......bracket or envelope price with "stop-limits" for entry. Let price decide which side gets filled (LONG or SHORT). One more trade to finish out the close of day, I have a decent set-up of "delta" divergence here .............. http://www.charthub.com/images/2006/09/20/ES_317_VB_3.png
Well 2/3'rds fill at +1 point and last 1/3'rd out at B/E. Pretty flat fed day imo. I was hoping for a good move out of this range, any direction up or down. Here we are sitting at stinking 1336.00 again....LOL!