Friday, January 14, 2011

Rare ZS Trader

I searched on Google looking for ZS daytrading forum or whatever. The result, my blog is No.2 while I just occasionally trading it.

It showed there're only little retail trader or maybe all of them are low profile. No matter, less retail participants means smoother movement. Look at Crude Oil nowadays. I think too much reatailers that almost every breakout followed by deep pullback, eating my Stop Losses. It's common to see pullback 40-50 cents which is sometimes considered as reversal.

If lot of ES Trader now trading Crude Oil, they might be very happy with 20-30 cents profit which is equal to 4-6 pts ES. Explained the pullback every 20 cents movement on Crude Oil.

However, I might focus on Grains from now on. 15++ cents movement a day with decent liquidity and compressed trading time = quick fast moved to make a profit or quick recovered from Stop Losses.

Today's Crude Oil, I think I just get lucky getting filled on best price. How many times it threatened my positions. If I wanted to play save after 50 cents, raising Stops to 20 cents, I would be stopped out for sure.

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