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What about trading SPY options? A recent webinar guru claims there is a better R:R trading these over ES futures. He was discussing daytrading ATM weekly SPY options. I'm currently researching this, but would appreciate any comments.
FWIW, here is an article that seems to support the All in/All out strategy.
http://forums.babypips.com/show-me-money-swing-trading/8204-fib-retracement-trading-6.html#post34860