Big Mike's Trading Blog

Day trading futures, discussing money management and trade management techniques, and more

Monday 5/11/09

Chop city.

I placed three sim trades in the first two hours of the cash session, testing out some new theories. They were on sim, I did not place any cash trades today.

After the third trade I decided to call it, and looking back I am glad I did not decide to press on further.  The entire day was one of the choppiest I've seen in a while.


If you were using VMA Zones, it did a pretty nice job of keeping you in the clear and you might have been lucky enough to get several points just sticking with my original advice when I wrote it, go long once a full bar closes above, or short once a full bar closes below.  Do not trade the middle.



Still, a brutal day.

Mike

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