What a range on the ES!!!

Mr Subliminal · Mar 4, 2004

The continuing low volatility,
Together with my lack of ability
To sit out the day,
Without clicking away,
Has me confined to a mental facility

TheStudent · Mar 4, 2004

... I've increased my leverage and brought in my stops and targets to try to maintain the same P&L opportunity as in higher vol days.

the one nice thing I have to say about days like this is that I can lower my tension by placing tighter than normal stops without incremental fear of them being run.

dbphoenix · Mar 4, 2004

Quote from TheStudent:

... I've increased my leverage and brought in my stops and targets to try to maintain the same P&L opportunity as in higher vol days.

the one nice thing I have to say about days like this is that I can lower my tension by placing tighter than normal stops without incremental fear of them being run.

A word of advice: You may want to learn more about the ES before you increase your leverage, unless of course you're just paper-trading.

Kicking · Mar 4, 2004

yeah there is just no great trades around, POS markets, in currencies too today, seems like it just moves around to hurt or annoy the most players.

waggie945 · Mar 4, 2004

continue to be hot with some bottom-picking/short covering in the semis today.

By the way, the T-Bonds still had their average $1,000 range today..... Every tick is $31.25 and it is just "point and click".

TheStudent · Mar 4, 2004

Quote from dbphoenix:

A word of advice: You may want to learn more about the ES before you increase your leverage, unless of course you're just paper-trading.

I wish I were papertrading

My brokerage statement is available somewhere on this site, so I'll leave it as an exercise for you to figure out what kind of trader I am.

Its like Soros says - you don't have to know everything about a market, you just have to know something about it better than most people. This from a man who doesn't know Black & Scholes from Black & Decker ..... but knows that he doesn't need to know

A word of advice : Mistake focus for ignorance at your peril.

electron · Mar 4, 2004

Quote from Trend Fader:

I havent seen such a huge range on the ES in years.

Its become more difficult to stomach these moves. I mean a 3 point range.. what more can anyone ask for?

--MIKE

6 pts today... I remember 5 pt days last year...

electron · Mar 4, 2004

Quote from Tea:

If you are bored you could re-read all the old Jack Hershy posts and try to understand what the heck he was saying.

Prediction: you will still not understand. You need a much tighter range in order to really understand him.

dbphoenix · Mar 4, 2004

Quote from TheStudent:

I wish I were papertrading

My brokerage statement is available somewhere on this site, so I'll leave it as an exercise for you to figure out what kind of trader I am.

Its like Soros says - you don't have to know everything about a market, you just have to know something about it better than most people. This from a man who doesn't know Black & Scholes from Black & Decker ..... but knows that he doesn't need to know

A word of advice : Mistake focus for ignorance at your peril.

I'm just going by your questions regarding ES market-makers and inventory. If you're doing well, good for you.

prox · Mar 4, 2004

I didn't even realize it was a narrow range today, plenty of little moves to scalp off.