July 2 — Today the stock indexes (ES, NQ and RTY) were dead and whipping with no news due — and Crude Oil (CL) was going straight down — as we battled the high-frequency trading (HFT) computers in my LIVE! Trading Room.
They were especially difficult to trade using the small stops we employ — because of the whip.
To make matters worse, not everyone got in on the first trade because of the caution I urged, and so I kept going to try and sneak-out the Daily Profit Target for them too.
We were finally able to do that when market structure and price action both supported potential sells — which we took — and snatched the Daily Profit Target out of the NASDAQ before a 10:30 anemic move up.
I’ll post a video talking about how we trailed this particular trade soon.