Tuesday, October 16, 2007

High Volume Price

YM closed at 14075 in Chicago yesterday, while ER2 closed at 837.40. As can be seen in my "Futures Roundup " article yesterday, I had 14016 as the high volume YM price and 831.60 as the high volume Er2 price. So, we had a nice run up from these daily high volume levels at the end of the day yesterday. But this morning, early players brought price back in line with those high volume levels. We went from the YM close of 14075 to the 14016 level by 5:30am Cali time (time when volume starts coming into the market). So, I played the bounce off this level and have captured +10 ticks so far on YM (1/2 position). I still have half of my YM position open. I am using break even as my stop on the second half (14015).

1 comment:

Anonymous said...

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