I think you have said before that you watch the cash chart but trade the futures. When you said you closed your trade yesterday at 5.25 was this a futures and if so which one? Sorry if youv'e been asked this before but why do you trade the futures and not the daily cash, and which futures do you trade?
don't know about the waves but there's a lot of bears massing
on the beach. A lot of selling volume leaps in the moment there's
weakness over the pond leading to exaggerated and fast
downward moves. Bulls defences still holding tho'
Interesting that AVZ didn't believe the down move yesterday
staying positive throughout (except for one short dip).
people are often unsure where to place their stops? and I have
always said that the market will tell you where to place them ?
well today we have a good clear cut situation.
yesterdays low and this mornings high.
nothing else. You may want a 10pt stop but the market doesnt
know that and doesnt give a damn.
If you cant afford to trade against market stops, dont be
surprised when you get stopped out !