|
PureBytes Links
Trading Reference Links
|
Hi Guys
A follow-up to my post, which I hope gives a clue as to what can be seen and
assessed before Today starts. I have not cluttered the place with any of
the on-going stuff, as Today progresses. This is just to show you what you
could have known before the bell and, as a result, perhaps spotted a trade
on a 'what-if' basis.
Limit orders would have given you your entry and exit and you would have
achieved the price you saw on the chart - no slippage!
For a couple of contracts, that's a grand on the way up and could well be
the same on the way down, but if it's only half... it is bread on the
table.
If you compare this sort of action to that of the S&P500, it is very sedate
indeed. In fact, I have just looked at the one minute chart on the Spoo at
looks the most frightening affair to me - playing with the sort of money and
stops that are quiet alien, as far as I'm concerned. Of course I would love
the profits and for those that follow the Bonds (like all the traders in the
Spoo pit!!) as soon as the Bonds came off, seriously, that would have been
the time to start buying a handful of S&P contracts. (I have a 5min chart
of each contract over each other and it looks as if they might meet, yet! -
but that's pure guess work)
It's all fun and games. Happy trading,
Bill Eykyn
Attachment Converted: "c:\eudora\attach\Small gaps like to be filled.gif"
|