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Trend city yes it is.
However, beware of the freakish 20+pt spikes that
come from time to time on NO news, just basically
out of nowhere and seemingly for the hell of it.
I've personally witnessed this happening to a trading
buddy, where it all happened in less than 5 seconds.
This was a few months back, and I haven't watched it
since then.
Once in a year is the risk of doing business I
suppose.
Happening oh well.... now and then and from time to
time, makes me ill.
All a trader needs is for it to happen that one time
maybe even the first trade of the day. nice.
John whats your chart perspective on trading the EC?
time-series or tick based?
In any case I'm glad its working out for you.
Nobody I know is making Consistent daily profits
trading it intraday.
best-
mike ball
--- John blucarr <true_blue88@xxxxxxxxxxxxxxxx> wrote:
> If you'all are getting tired of the spasmo behavior
> and too small ranges on a lot of days of the SP,
> take a look at Euro FX traded at CME ($12.50 per
> tick).
>
> They accept stop limit and limit orders, you can get
> great fills on "tenths" rather than quarters like SP
> emini, I just bagged $750 this morning before
> economic news in like a 20 min trade when SP had
> moved only about 1 point since it's open.
>
> Euro FX also often trades well from 5:00 pm CST
> through the night I guess 'cause they are waiting
> for European markets to open.
>
> From afternoon globex open till just before market
> open today was like a 130 tic move - - - like $1600
> per contract and even the overnight margin is less
> than $2500 per contract.
>
> It's trend city - - - - just like the good ole days.
>
>
> John
>
>
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