YG and how to trade it?

L

lukek83

Been mildly unsuccessful trading YG. I trade based off of 5 minute trend lines usually profit take at 15-20 pts with commissions averaging 3 pts per trade. Stop loss is set for 50 pts. I know but pretty much sucks, so thought I get some pointers.
 
Quote from lukek83:

Been mildly unsuccessful trading YG. I trade based off of 5 minute trend lines usually profit take at 15-20 pts with commissions averaging 3 pts per trade. Stop loss is set for 50 pts. I know but pretty much sucks, so thought I get some pointers.
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15-20 cents or dollars?
 
I mean between $49.8 and 66.4 dollars per trade with commissions being 3.50/each. 1 point/tick is 3.32. I know the risk/reward is wack.
 
Good Heavens this thing moves like the Russell!
Kewl stuff, thanks for posting, had to look into it... and I might have found a new Mkt to trade.
:)
 
Quote from lukek83:

Been mildly unsuccessful trading YG...
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Trivia:
If I'm not mistaken many years ago YG was the ticker symbol for the $2 per tick mini-DOW futures contract traded on the CBOT.
 
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