The result is quite round... that is how it shows after commissions. As for the way it was achieved we were trading in a contained and controlled market and all one can do in such cases is to smile. Of course ES is not FX because with FX you are dead meat when they start to control it. Usually one figures out that the market is out of free auction and completely controlled to late and at that time the only solution is to allow the day to continue without you by taking whatever result you have at the time you observe that there is not a free auction anymore but a controlled environment. This environment appears when all of the sudden the bears completely disappear - the price is showing that because nobody is selling anything price goes up slowly one tick at a time and you can not get out from the position or the bulls completely disappears and the same thing happens. Today we had both one after the other one which it only means one thing - control. Of course while the market was controlled and driven, at this side even though the drawdown was quite high the risk was also permanently controlled. This reminds me why one should have a larger pallet of trading instrument's just in case one of them becomes completely unresponsive. Personally I`m happy to see that there are times when everyone agrees that the market should go up or everyone agrees that the market should go down because while its not exactly the way of a free market its always a good thing to remember that the market is always right and bears or bulls are just words. With that said I`m also very happy that my algos allowed me to survive with only a -13% drawdown in this environment.
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