Unlikely now that we would trade above 2914 anytime soon.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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You're short again?
Hard to earn with limited movement. You either increase leverage to make up for lack of movement or stand aside. Or pick a side.... sit and wait.
Trouble is Trump could tweet at any moment he is raising tariffs on more Chinese goods.
Trouble is Trump could tweet at any moment he is raising tariffs on more Chinese goods.
I believe the exchanges where helping with the launch of the new micro futures on May 6th by creating volatility, and it worked new products did very well.
Question is, how will the micro futures do this summer. The micro contracts have to move to make it worth while, or commissions will start to work against you with lack of movement. Volume will dry up and traders will shy away due to grand canyon spreads.
Question is, how will the micro futures do this summer. The micro contracts have to move to make it worth while, or commissions will start to work against you with lack of movement. Volume will dry up and traders will shy away due to grand canyon spreads.
Micros are 100% fungible with their respective mini (and big). Price parity/movement is virtually guaranteed. Price discrepancy is arbed away in real-time. Liquidity for a particular style or strategy is a different topic.
Better to be out on a day like this imho, it's friday and nothing is happening, feels nice to take an early weekend.
But there was a nice "head-fake" rally from 2 pm till 3:30 pm.....and then it completely reversed last 45 minutes....
slick move by the Chicago boys. Now they are at the titty bars yucking it up with the ladies and getting loaded.
I am sure there are people out there who found this day very profitable, I couldn't identify any setups for myself and it doesn't seem like Rickshaw could either, so my post was mostly directed towards people like us who might have been feeling itchy on the trigger finger and contemplating entering a position even though we lacked a good signal.
IMO the launch of the micro futures had nothing to do with the uptick in cra-cra movements.
That was due to Trump's tweet on the afternoon of May 5th, reigniting the trade war.
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