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Hello Traders,
For 2014 I would like to wish all of you discipline and patience in your trading!
WOW! Volatility the first 90 minutes of cash open reminded me almost of the summer of 2008…..
Market gaped higher based on APPLE earnings yesterday but when cash opened took a nose dive based on news from Ukraine….
Times like that are dangerous for MOST traders. yes, some of the more experienced or perhaps well capitalized traders look for days like this but for many others the fast and powerful moves can be a little too much…..
My advice? Know who you are as trader, learn to trade with stops, learn to lower your exposure/ trading quantity when volatility picks up and most of all if at any time you feel VERY UNCOMFORTABLE…take a few minutes, step away from the machine, take some deep breaths and decide if and how to continue….
In between see below my mini SP 500 chart ( 8 ticks range chart) along with my proprietary indicators/ ALGO from today:
Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above and be able to apply for any market and any time frame on your own PC ? You can now have a three weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts OR CQG Q Trader.
Continue reading “Volatility in the S&P Futures Markets and Mini S&P Chart 4.25.2014”