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...with THIS scenario from over weekend: a larger SL needed - to avoid noise.
Price moves within seconds into 30 points here - driven by large order (just look at IB 15K in first 30 min)
My SL was set at 40 today.
The freefall of the markets were really written in the books last week...
So - as this is NOT part of this thread - to take a trade over weekend
after rules - I just could not resist... and made some fortune which
does not influence here
The BIG movements made me think over weekend.
To open a new thread about gaps - and big gaps.
How to take profit.
How to treat such monsters which are of course not often seen.
I will analyze the move(s) over weekend and start the new thread for
special occasions.
People say, a trade with a 100 lot size wouldn´t effect the ES at all.
What would you consider as a comparable size in the FDAX, not having an effect on the market?
(in the sense of moving it)
During the last 14 days, including today, a 10 contract order will cause slippage of 1-1.5p.
The first two slots of market depth are regularly below 5 contracts.
hmmmm - EVERY trade influences the markets and thus indices..
but in fact orders in Dax of 20+ contracts up can make short term
movements that take out stops sitting near...
So plan to be out of noise (statistical matter) and let markets
play out.
Of course placing a 100 lot ES in volatile market is not the same
as when placed in calm waters :-)
So watch carefully the volume given at a time.
Decide "when" it is best to swim with the current.
Waiting, Discipline and Patience Pays!