ER2 has topped?

Quote from polpolik:

I'd wait for further confirmation of a support. This could be a support for today but I don't know how this market is gonna be the next week or so.

I'd scalp it though but not swing trade this market right now. I think the bears are back but the bulls aren't done so I think we might go back up to 760ish area but don't know when or if it'll go down hard first.

Too much money to risk guessing this right now :(
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Long ER2 here avg cost 708.4, with stop @ LOD + a point, will see if it turns here? Been a good day thus far, Russell 2000 @ the 200ma, possible bounce. Then I could be wrong.


Good Luck and Good Trading

Kelly
 
Quote from glassinc:

Long ER2 here avg cost 708.4, with stop @ LOD + a point, will see if it turns here? Been a good day thus far, Russell 2000 @ the 200ma, possible bounce. Then I could be wrong.


Good Luck and Good Trading

Kelly




Exited this @ 711.8, left quite a bit on the table, however it was still an o.k. trade.

Good Trading and Good Day!

Kelly
 
If the market keeps sliding today, it might set up for a mid-day reversal for a huge 1 to 2 day rally...

Even though I am overall bearish, it seems a screaming rally is in the making..fwiw
 
Quote from lynx2004:

If the market keeps sliding today, it might set up for a mid-day reversal for a huge 1 to 2 day rally...

Even though I am overall bearish, it seems a screaming rally is in the making..fwiw
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I agree. That said, it will be tough trading this in the next few days.

This is one of those days in which to trade this one needs to implement buy and sell stops.

It's 10:40 Eastern time, and the Russell is right at the day's high of 719.2. If it goes to 722, then it could run and run and run. If it goes back to 712, then the breakout from this morning will have failed, and we may see a repeat of yesterday.

Good luck to all.
 
Quote from smilingsynic:

I agree. That said, it will be tough trading this in the next few days.

This is one of those days in which to trade this one needs to implement buy and sell stops.

It's 10:40 Eastern time, and the Russell is right at the day's high of 719.2. If it goes to 722, then it could run and run and run. If it goes back to 712, then the breakout from this morning will have failed, and we may see a repeat of yesterday.

Good luck to all.
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Good luck to you too..

is it just me or ...for me today seems extra choppy...
 
Quote from lynx2004:

Good luck to you too..

is it just me or ...for me today seems extra choppy...
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Everyday has been choppy with this sucker the past 2 weeks.

On a side note, I'm punching myself for covering too early on my short of 5 contracts at 778+
 
Quote from polpolik:

Everyday has been choppy with this sucker the past 2 weeks.

On a side note, I'm punching myself for covering too early on my short of 5 contracts at 778+
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yes I agree, but it seems extra choppy today somehow.

I had a nice catch in the last up move from 697.80 to 706.9 may be I will just be on the sidelines for now..I thought rally would sustain but it can't seem to hold it..

I still think this could rally big.
 
I apologize if this has been covered in this thread however, can I get some input on slippage on the russell 2000 futures? and the systems used to trade? thanks
 
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