Just another day at the office, I guess

By , 19 November, 2008, No Comment
ESZ8 11-19-08 Click chart to enlarge
The market fell out of bed this morning from the very start, which isn’t fully reflected in this chart because it had been trading down all night long. Again, lots of volatility and unpredictability…but there were a few good moves to be taken advantage of, especially when the risk oscillator and indicators were in agreement. You can see the Average True Range rose steadily in early trading, which forced me into using wider stops than I would have liked to use, sometimes in excess of 30 ticks, but if you were patient the market stumbled along in the right direction. Of course, it was enough to drive me half crazy watching the volatility….but I survived.
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