Had a busy afternoon session at the start with buys hitting for both the ER2 and YM at the same time right at 10:30 (Cali time). Got chopped in ER2 on two trades for -10 total ticks. I then realized that it had essentially run 2% for the day, while the YM had run only 1% for the day. This results in a great arbitrage setup where you can go short the ER2 and long the YM and then hold to bring them back in parity. However, the ER2 has been running its own show recently, so I just decided to stop with the ER2 for the rest of the day because 2% is a monster run and we would probably just see chop for the remainder. In the end, I ended with +36 ticks on the ER2 for the day.
The YM was another story. I actually had 2 separate signals to go long, so I enter with a boat load of positions and tried to figure out what the exits were going to be and then get them in some logical order. It moved slow at first, but there was no significant draw down, so I maintained my positions. It then gave me some ticks as it steadily climbed up for the next 1 1/2 hours. I locked in +88 ticks in the afternoon session. No trades were entered in the final hour due to toppy activity in the ER2 and lack of follow through in the YM.
Summary for day is below:
YM: +122 ticks (equal to $610 per one contract position)
ER2: +36 ticks (equal to $360 per one contract position)
Days Range: 179 points (as defined by YM)
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