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M,
just saw the chart..
wow, that is interesting for lack of
a better word.
I have a few friends that trade at the CME.
I`ll ask them.
I did not think that these futures contracts
are collectively viewed by trading entities
in the market.
However, it would not surprise me that many other
individual traders are placing stops where you are
for that size contract, with exactly the same
thinking.
Let me know what your`re told by others, I`m curious
what they say.
best,
mike ball
--- MT <mtzianos@xxxxxxxxx> wrote:
> 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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