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Hi all,
I'd appreciate some feedback and maybe we could compare notes with
others who might have similar experience.
I'm trading YM (emini-Dow $5/tick) via InteractiveBrokers.com (IB).
I do few (0-3) trades per day in YM, in an "intraday swing" style. My
hard stops are 10-25ticks, depending on price action and my view on the
trade (and I sometimes I'll exit before if my view has changed). Going
for profit targets of 30-60 ticks or more (especially with the wider
ranges of recent weeks).
A lot of my trades are getting stopped TO THE VERY HIGH/LOW PRICE of the
local swing extreme (i.e. the highest or lowest price for the next
hour(s) or day).
Assuming some kind of normal distribution of "noise" prices around those
price-ranges I initiate trades, I would expect a lot less stop-outs "to
the very tick" of the local extreme.
E.g. today was stopped out at 10354 around 10:39:06
I've posted more charts at
http://www.elitetrader.com/vb/showthread.php?s=&postid=742394#post742394
Who can "see" YM stops and gun for them?
Am I missing something?
Am I particularly unlucky?
Am I being watched?
Thanks for any feedback.
M.
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