Friday, March 11, 2011

3/11 10:30

I put a stop buy in for NQ which was effective at the open of the cash market.  On the one hand the volatility of the open plays hob with stops.  On the other hand, the open can quickly develop into an extended move.  I use multiple index signals to confirm each other at the open to resolve this.
Currently I am using an NQ buy stop at 1287.  It would be nice to see this confirmed by YM > 12,987.
The reason I want to jump on the buy side is that news markets tend to reverse quickly.

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