Brückentag in Germany Today

It was a "bridge" day in Germany today - a working day between yesterday's holiday and the week-end. Lots of people made it a long week-end.

I started trading Euro futures this morning, London time, and there was an hour in the morning when someone at a large institution was either bored or found that running stops was a good way to make money on a Brückentag. Or maybe the arb between the futures and the cash had something else going on.

Looking at what the traders are doing, not trading just indicators is important. I had to move my stops out of the way and still traded my targets. Happily things went back to normal after an hour with a series of down moves and pullbacks.

I switched to the ES and enjoyed the ride down. My longer term positions are really paying off. I use the same methodology as I use for day trading and sell premium, usually for 10 day swings. If we can trade down to the support (1123.00 ish) today and flick through it even for just a blip. I'll have hit my targets in 2 days.