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Old 04-03-2007, 04:41 PM   #1

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Locked Limit

Once a market goes Locked Limit Down or Up, what determines when the halt ends? Can it stay locked for days on end?

I head of my friends father who got stuck in a gold contract for like a week and it was moving against him and he couldn't get out. Is this typical only in the past or can this happen today too....for days on end?
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Old 04-03-2007, 05:04 PM   #2

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Re: Locked Limit

Yes it can stay there for days.

I've experienced that with lumber (quite common on lumber) and live cattle when some fools took fright about mad cow disease.
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Old 04-03-2007, 06:10 PM   #3

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Re: Locked Limit

this is one of the reasons i mostly trade ags through spreads, instead of outright directional trades.
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Old 04-03-2007, 06:13 PM   #4
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Re: Locked Limit

Time and the market determines the next move.
 
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Old 04-04-2007, 08:12 AM   #5

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Re: Locked Limit

Quote:
Originally Posted by dalby »
this is one of the reasons i mostly trade ags through spreads, instead of outright directional trades.
How do you trade spreads? Using different time contracts of the same product?
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