I never saw volatility like this
- Thread starter ByLoSellHi
- Start date
Over the past 2 years the daily range on the ES was most often around 10 handles, with many days below 10.
The average range over the past 3 days has been approximately 70 handles or about 5.5%.
While many firms have gone to full margin for day trades, do not be suprised if the margins at the CME get increased, too.
This is a great time to be trading the ES.
The average range over the past 3 days has been approximately 70 handles or about 5.5%.
While many firms have gone to full margin for day trades, do not be suprised if the margins at the CME get increased, too.
This is a great time to be trading the ES.
I just had my second most profitable day ever.
<i>"Completely agree, austinp."
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"Definitely more program trading between 2 - 4 pm these days. Bots are taking over the trading as you get computers buying and selling futures in bunches in seemingly chaotic fashion."</i>
Many of us here have seen VIX in the 40s, 60s and higher before. But, it was different in years past. Trading the exact-same entries back then as now would have been good for +70pts to +100pts ES in 2002. Instead I managed to eke out +35 and quit too early today.
The difference? Insane counter-trend rips going both directions all day. I had more than -35pts slippage against long positions holding for a highly expected squeeze to at least 1322 if not 1339 magnets.
Never before have I seen so many +8pt pops followed by -12pt drops, all the way thru today and past few sessions. Clearly the bots have changed this game dramatically. I'm working a 250-tick chart using tight initial stops, taking a bunch of pars and tiny losses in between catching directional pushes.
The trades that go +5pts and back out at par continue to drive me nuts... short trip that it may be (laugh)
We should see some smoother sailing for awhile, now that a temporary bottom is likely in place.
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"Definitely more program trading between 2 - 4 pm these days. Bots are taking over the trading as you get computers buying and selling futures in bunches in seemingly chaotic fashion."</i>
Many of us here have seen VIX in the 40s, 60s and higher before. But, it was different in years past. Trading the exact-same entries back then as now would have been good for +70pts to +100pts ES in 2002. Instead I managed to eke out +35 and quit too early today.
The difference? Insane counter-trend rips going both directions all day. I had more than -35pts slippage against long positions holding for a highly expected squeeze to at least 1322 if not 1339 magnets.
Never before have I seen so many +8pt pops followed by -12pt drops, all the way thru today and past few sessions. Clearly the bots have changed this game dramatically. I'm working a 250-tick chart using tight initial stops, taking a bunch of pars and tiny losses in between catching directional pushes.
The trades that go +5pts and back out at par continue to drive me nuts... short trip that it may be (laugh)
We should see some smoother sailing for awhile, now that a temporary bottom is likely in place.