Trading YM

When ever I see moving averages bunched together like this it tells me to step aside and let the scalpers have at it, thats a 50,100,200 day simple moving average. NQ looks a little better as far as US equity indexes are concerned. It is tough right now no matter were you look. Corn looks pretty beaten down, the dollar has stabilized. I am just trying to keep my costs low and ride it out.

I am focusing on high probability setups and accept only the cleanest pattens right now. That is requiring alot of just sitting and waiting.
 

Attachments

Quote from blackguard:

covered 10554
More...
I bought @10554, at 15:14 UK time, pray for it to kiss 10615, stop set =10542, audio alert=10590.

Quote from EqtTrdr:

Market just being held up until Greenie gets his plaque on the Fed wall of fame and he retires a certified bubble hero...

:D
More...

Make sense.
 
The only thing moving in the stock indexes are the Hang Seng and the Nikkei. Any IB user can get free quotes. The Nikkei has been fantastic trading. You can move size and the overnight margin is just 1400 bucks. Good deal. Just some thoughts for you bored stock index traders. Alot of bang for your buck and a bull move to trade.
 

Attachments

Quote from EqtTrdr:

Market just being held up until Greenie gets his plaque on the Fed wall of fame and he retires a certified bubble hero...

:D
More...

Thats the truth, certifed bubble blower, Nasdaq, now housing. Did we really need to lower rates to zero?
 
Quote from TGM:

LOL. Too refined for a screen name like Rickshaw Man. I have a new level of respect for you.
More...


Here is another great tune has a calming effect great for this line of work, Vaughan Williams, Song name, Five Variants of "Dives of Lazarus" also on the same disc the Lark Ascending.
 
Take out 2 days around June 25 or 26 and two days around July 7 or 8 and the congested trading range extends back to mid march.

Bob
 
Quote from bigbob:

Take out 2 days around June 25 or 26 and two days around July 7 or 8 and the congested trading range extends back to mid march.

Bob
More...

Tell me about it BigBob, I am soooooo glad I don't have alot of overhead, and thank the lord my wife has a good job in the Oil & Gas industry.

I am trying to stay positive, and keep telling myself it can only get better. But as far as the Dow is concerned it can stay range bound for years.
 
You must log in or register to reply here.
Back
Top