TF - Russell volume

TF sucks to trade. Volume is non-existant, and there is never more than 5 contracts at the bid/ask. I have been trading a 1-lot for the past week, trying to get a feel for it, and i have been whipped and diced like a Billy mays product. Bottom line, I can't control my risk in the TF when the damn thing will gap up/down 2 points on a whim. If anyone can trade TF successfully, then more power to you.
 
Quote from austinp:

was unheard of before.

Volatility was nice... for awhile. Then it turned to violence...
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Volatility vs violence. I like that.

And yes, while volatility can be a challege, violence can be a real problem.

Anywhere near the open, but ES and TF are both very violent right now and can easily take out any reasonable stops in seconds.

I had an entry, stop and target all hit within a single 2 min bar this morning on TF.

Frustrating, yes. But that's the way it is.
 
Just reduce the size....

Charts are always the same, even with 70 intraday points range

15/30 min High/Low for stops and pivot points

Look at the today low on ES...It's two ticks below yesterday low ( 843.50 vs 844)

This market is very disciplined and very attractive
 
This is also an indication that some systems could work on better entries. I know when I have trouble with stops it is usually because my entry could have been much better.

TT
 
<i>"This is also an indication that some systems could work on better entries. I know when I have trouble with stops it is usually because my entry could have been much better."</i>

Not in this case. The TF commonly whips thru 4pt sideways churn before going anywhere. The bid/ask runs anywhere from 2 ticks to 8 ticks wide... sometimes more. TF is too illiquid for any type of methodical trading right now. Remains to be seen how it reverts when VIX gets cut in half.
 
<i>"Look at the today low on ES...It's two ticks below yesterday low ( 843.50 vs 844) This market is very disciplined and very attractive..." </i>

Sure it is. That's why the P&L thread is totally devoid of anyone making big money right now. Believe what you see... or more importantly what is not there to be seen.
 
Quote from austinp:

Volume means nothing... open interest is the problem. For the past few weeks, TF has had single-digit size per strike available on the dome. That's why it spreads the bid/ask 5 to 8 ticks wide sometimes. Try holding a stop at any logical distance when the bid/ask flares a full handle wide. Cause? Total lack of liquidity to handle the volume.

ES has contracted the same disease since late last week. O/I on the ES dome is 1/3 what it was during normal periods. That's why it keep ripping sideways thru 5pt (= handle) whipsaws all day long. ES frequently posts 2-tick bid/ask spreads intraday, which was unheard of before.

Volatility was nice... for awhile. Then it turned to violence, and has killed liquidity right now. Current tapes are like trading thru the first 5min past an FOMC rate announcement... but this time it's all day long.

Won't last much longer, extreme tape violence is indicative of a big washout and trending period straight ahead.
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That makes perfect sense to me, Austin.
 
I tossed 1 car at the TF today...the trade lasted about 2 minutes...I netted a good $$$ gain for me...But, I did feel like I was on the Space Shuttle or surfing in Hawaii :p one wild ride:eek:
 
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