Damir's Trading Journal
- Thread starter damir00
- Start date
Ahh, OK. Thanks for the clarification. Why is the Dec. trading so much lower?
-FastTrader
Was an UP day for me till my little afternoon YM adventure. Ended the day -$120
-FastTrader
this is my experience with ym :
always look at round numbers 9450 9500 9550 etc, they tend to act as S/R ( I plot lines on my chart at these levels), when they match with pivot p. , S1, R1 etc they work nicely.
Plot on your chart Yesterday High, Yesterday Low and Prev. Close they also work as R/S and give you a good idea of daily range.
I use tick charts , cause they show the rate time/trades and help me to spot pause areas or reverse areas, try a 20 tick chart with ym .
I never look at time and sale or market depth.
I only use macd when i feel I'm not in sync with the market, it gives me the rithm of the market. (I like 7,28,7 on a 20 tick chart)
These are really basic indicators, but IMHO it's all you need to trade properly
56 pts today , not bad (aaaah and now my ego is satisfied
)
always look at round numbers 9450 9500 9550 etc, they tend to act as S/R ( I plot lines on my chart at these levels), when they match with pivot p. , S1, R1 etc they work nicely.
Plot on your chart Yesterday High, Yesterday Low and Prev. Close they also work as R/S and give you a good idea of daily range.
I use tick charts , cause they show the rate time/trades and help me to spot pause areas or reverse areas, try a 20 tick chart with ym .
I never look at time and sale or market depth.
I only use macd when i feel I'm not in sync with the market, it gives me the rithm of the market. (I like 7,28,7 on a 20 tick chart)
These are really basic indicators, but IMHO it's all you need to trade properly
56 pts today , not bad (aaaah and now my ego is satisfied
)When you guys get some time, please see if you can post some trading rules on my post here: List of Trading Rules!
Thanks,
-FastTrader
Thanks,
-FastTrader
Mark: Where can I find a tick chart for YM? Thanks.
Quote from mark1:
this is my experience with ym :
always look at round numbers 9450 9500 9550 etc, they tend to act as S/R ( I plot lines on my chart at these levels), when they match with pivot p. , S1, R1 etc they work nicely.
Plot on your chart Yesterday High, Yesterday Low and Prev. Close they also work as R/S and give you a good idea of daily range.
I use tick charts , cause they show the rate time/trades and help me to spot pause areas or reverse areas, try a 20 tick chart with ym .
I never look at time and sale or market depth.
I only use macd when i feel I'm not in sync with the market, it gives me the rithm of the market. (I like 7,28,7 on a 20 tick chart)
These are really basic indicators, but IMHO it's all you need to trade properly
56 pts today , not bad (aaaah and now my ego is satisfied
I use tickcharts in eSignal Pro. I use a 25 Tick chart though.
-FastTrader
tick charts make far more sense to me than time-bar charts. those who tape-read are essentially constructing such a chart in realtime in their heads. it may sound complicated, but imo it's a heck of a lot simpler than working with 14 parameter settings on stochastics or whatever.
market depth i find useless, but i do watch size on bid/ask for serious flashing - which i consider a contrary indicator.
market depth i find useless, but i do watch size on bid/ask for serious flashing - which i consider a contrary indicator.