YM in a Can

I made an error in this paragraph, excuse me. I marked the error in red.

IT SHOULD READ THREE.

Sorry

This is where the system could reverse for four contracts instead of two which would get out of the long and net short two contracts instead of one contract. Then continue the hold until reversal and continue with 2 contracts until you escape with the profit. (note we are speculating that we have not seen 3 consecutive losers while the WMA is showing our trade in the same direction
 
Quote from ElectricSavant:

I did not know it worked everyday in any instrument! If it fails in the YM I will surley drop it like a rock.

But all I am looking for is breakeven and through money management to gain profits. This makes for a longer standing system, rather than a flash in the pan. Or a gazebo in the Ebo.

Michael B.
More...

Check this out:
http://216.15.254.15/

They have a free chat room for dow e-mini. Goodluck.
 
This current short the system called yesterday has turned into the longest length of trade since this journal started. Just an observation.

10049 L (upper bracket H4)
9971 S (entry price)
9903 L (lower bracket L3)


Michael B.
 
Interesting.

Question? When the NQ is green what do short plays do in the YM?

Could this be a Money management clue for this system to NOT bet against the NQ and go with single units?

Night trading would be left to single units but direction change in the day session could be looked at for doubling down opportunities.

Just a thought.

Michael B.

P.M. YM closes in 50 minutes and CISCO earning came out.
 
Still net SHORT from 9971.


Tighter brackets now:

Old long reversal brackets 10049, 9903
New long reversal brackets 10226, 9964

Michael B.

P.S. This feels good, the system is setting up and positioning for some future profits no matter what direction the YM moves.
 

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