Thursday, July 9, 2009

Going to the well...

We often refer to "going to the well" too often. As noted in our chat, on our Trading RM morning worksheets, and in our Trading RM realtime chat ICE and CME have been in play the past two days. If a trader plays a specific name a few times successfully, he may want to leave them alone. The opportunity dwindles and the risk increases over the time line of a trade. Our office did a great job trading ICE and CME Tuesday and Wednesday, while leaving them along today throughout the many head fakes.

Notice how trendy the action was the first two days and how choppy they got today:

Green = ICE Red = CME

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