YM Traders

Quote from Ripley:

Candlesticks on the daily chart would indicate taking a short overnight. But, not me.

How many times have you seen a bearish candle before payroll numbers, seem like it lures in shorts them squeezes them, who knows maybe tomorrows numbers will show a huge loss. But you know wall street they will say hurray no more rate cuts buy buy buy.
 
Quote from Rickshaw Man:

How many times have you seen a bearish candle before payroll numbers, seem like it lures in shorts them squeezes them, who knows maybe tomorrows numbers will show a huge loss. But you know wall street they will say hurray no more rate cuts buy buy buy.

Dang I meant rate increases.
 
Quote from porgie:

hope the channel holds for you
Hey porgie, how are you? How's the system working for you these days? Do you trade ER2, ES & NQ as well? Thanks.
 
no........on YM.....still works the same...and on all of the above, ........I don't understand the 50% systems logic.....volente is in another emotional trap...maybe........... maybe not..........my pitiful little account and emotionally wrecked brain won't alllow me to do that.........prefer the happy trading........it is not really simple, just looks like it on the screen.........it was not simple to find...........100% is not necessary, but it should be shaking hands with it........with losses kept minimal and far between.........and 20 pt stops countertrending ain't the answer...........
 
Quote from porgie:

no........on YM.....still works the same...and on all of the above, ........I don't understand the 50% systems logic.....volente is in another emotional trap...maybe........... maybe not..........my pitiful little account and emotionally wrecked brain won't alllow me to do that.........prefer the happy trading........it is not really simple, just looks like it on the screen.........it was not simple to find...........100% is not necessary, but it should be shaking hands with it........with losses kept minimal and far between.........and 20 pt stops countertrending ain't the answer...........
What are your stops at on the YM? Seems to me that you need at least a 10 pt stop or the noise will continue to take you out.
 
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