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To understand when and why FIXED STOPS can really screw a trader,
today's e-mini action around 2:30 EST was a perfect example.
1141.50 was hit during the range expansion......and it was "just" below the
opening price of the day.
Longs with a tight stop would have been gone.
Coincidence ?
> -----Original Message-----
> From: Michael Ferguson [mailto:wl7bdn@xxxxxxxxxxxxx]
> Sent: Tuesday, December 11, 2001 2:08 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] Re: GEN: FOMC
>
>
> Don,
>
> Price is holding in upper third of overnight low to hi range.
> This supports
> your view. There must be a ton of buy stops at 1146, nes pas?
> Looks like no
> one is worried yet, just wait 'n see I guess.
>
> Michael
>
>
>
> >
> > In my query last night. I found a good chance of closing higher along
> with
> > a good boost in range.
> > it is bothersome that it hasn't traded higher in this context. The
> shorts
> > aren't worried????
> >
> > Don
> >
> >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
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http://docs.yahoo.com/info/terms/
>
>
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