[waveslider]

Hi Froggy, I guess I should have been more specific also!!

I meant specifically the e-mini futures (I am most familiar with them though I watch FOREX a lot).

The e-mini contracts have huge amounts of volume intraday and are used extensively by larger players as a hedging vehicle.

There is a ton of swing in these e-mini contracts, particularly the S&P e-mini which does have a tendency toward mean reversion than the others.

If you are just getting started, I recommend trading ONE emini contract until you can afford to trade TWO based on your EARNINGS. Sorry for the capitals, but its VERY easy to blow out an account in these markets because of their leverage and quick moves.

You may find a better futures market for pitchfork. What is remarkable about the S&P emini is the fact that it is used as a hedging vehicle, big players are not necessarily participating in it "naked" (without a corresponding hedged position). So when and where they decide to buy back a short position may not be "logical", but instead based on their model. For this reason (volatility) I see it as an exceptional market to find swings in..

Post some charts of how you are applying the pitchfork when you get time and we can see how your thinking is developing.