Friday, March 20, 2009

YM- 09:08ET

Choppy trade after the trigger on this one meant an 8 tick gain for me...the volatility of the open, along with Quadruple Witching option expiration day meant initial stop would have been at risk of being hit If going for the larger targets.

Fortunately, I look to take advantage of the initial move out of the setup so that usually protects me from events like this. Unless, of course, the pattern fails from the get go and never shows a paper gain...

The ES faired alot better and gave less trouble getting to larger targets. A chart is posted to show the comparison.

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