Volatility has been insane in with the US index futures and each trader needs to adjust their money management accordingly. 10 lot YM traders can make the same amount with 5 lot. It does seem like ER2 traders have shifted into the YM and I personally congradulate any intraday trader making money in this current condition. There is alot of noise and I would feel alot more comfortable staying away from any intraday trading. There are plenty of other markets that are easier to trade at the moment. Longer timeframe participants have been liquidating over the the last 2 weeks followed by slight short covering. Nervousness, fear, panic... all these emotions have been expressed over the past 2 weeks by the bulls. While shorts have been gaining further confidence since early this week.
For traders who are struggling with the index futures, perhaps look for a less volatile market to trade in. This market condition is not ideal for new traders and traders with small accounts. (it will easily wipe out your account!) Anyways, been reading some of the trade logs and has been great. Keep it up guys and congrats to brownsfan who takes 30 plus ES pts a day. Freaking amazing. Seems like US traders are having a lot of fun now :woah: Out here in Japan is like....
