YM Traders

porgie · Oct 31, 2005

maybe the trend in not their friend..BUT.......if u hop the freight train, run in the same direction train is moving. otherwise....SQUASH ! ! COUNTERTRENDERS AND DISCRETIONARY TRADERS WILL LOSE MORE THAN WIN............

volente_00 · Oct 31, 2005

still here and still holding and still bearish.
I will cover this week for an 80+ point gain in the next 4 days.

Ripley · Oct 31, 2005

Quote from mhashe:

where did you come up with that stat?

Edit: looks like screw the longs time came early, was expecting it tomorrow. Went down fast EOD.

Took profits right before the sell off.. .got lucky..

I read it in a book a while back.....Non-random walk down the markets or something.

volente_00 · Oct 31, 2005

only 10 points from break even, now watch as the next 4 days unfold.

mhashe · Oct 31, 2005

Quote from mhashe:

imo still in a screw the shorts set-up, next setup should be the screw the longs. Unless ES breaks above 1209 - 1213 we're still inside of a trading range.

Ah-hem. As I was saying......

http://www.elitetrader.com/vb/showthread.php?threadid=58005

Knowing that this market is manipulated to high heaven is an edge. Keeps you from getting your head chopped off by the bullies.

djxput · Oct 31, 2005

volente,

your avg was 10414? did you hold onto that for a 80 some point draw down? dont you use 20 point stops?

(I've been away for a couple weeks here ... out of the loop)

mhashe · Oct 31, 2005

Quote from volente_00:

only 10 points from break even, now watch as the next 4 days unfold.

I'm beginning to have doubts about your trading style. I'm not anywhere near as good as you, but still.........

To let a stop run like that...wow.

empee · Oct 31, 2005

hey i left what happened to dow omg
was there news?

Ripley · Oct 31, 2005

DELL warned, possible outsourcing.. and more americans losing jobs.. more unemployed, will cause deflation

volente_00 · Oct 31, 2005

I am trying a blackgaurd longer term strategy at the moment.
Today was a heck of an equity swing but I am riding on a nice last week and can afford to take the risk. As I said I am looking for 80+ points on this trade even though I had a crappy entry.