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Old 01-22-2008, 12:15 PM
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Re: Be Careful The Next Few Days

I will offer a few suggestions when trading in markets that are more volatile - either decide to go for the bigger moves (b/c they will be there) or take a fixed profit and be happy. It's VERY easy right now to grab 2-3 on the ES all day. That works better for me, esp. on counter-trend trades.

Here's a snapshot of my blotter from a few trades here this morning:




What's the catch? A number of these trades moved for much more than the profit I took. A couple others however just got my profit and then retraced. For me, esp. in volatile times, taking a fixed profit and so far having a 100% win percentage is a good feeling and easy for me to do. So far today a total of 12 trades and ZERO losers.

Keep in mind that rarely ever happens for me, esp. using counter-trend techniques as one of my strategies.

And having trades hit my targets in under 1 minute is just incredible. Again, you have to be ready for those moves - levels were being passed on the ES easily.

Also, take a look at the very, very light DOM:




I took that snapshot at 12:13pm EST.
While that is lunch time zones, having a dom that light is just not usually seen. It appears a lot was made/lost since 9:30am and there's a few still left to fight the fight.

I personally seem to have bigger days when the DOM appears lighter. Maybe with less bot's out there it's easier for my profits to be taken out. Who knows.
Attached Images
File Type: png tl es.png (7.2 KB, 207 views)
File Type: png tl dom.png (9.4 KB, 207 views)

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