Quote from johnpinochet:
0955 EST
I had a sell order in the ZN at 115 205 and it did not get filled. I go short at 115 185 and 115 119 and I come on here to post that I'm looking for 115 12 to 115 08 at a minimum.
As I'm posting my spidey sense starts to tingle, a little voice says to me, "You know, whenever you get the urge to post and it is a quick spike move in your favor, it often is an exhaustion move and reverses." Well, I stopped typing, looked at my IB booktrader and saw that we were at 115 145. I type a bit more, take a look again and we're jumping back and forth following the typical exhaustion pattern I mention above. I start placing my orders in looking for 115 160. I give up and take 115 175 and 115 180.
The above pretty much summarizes my experience with ET and trying to trade professonally for a few hours each evening.