One moving average.
YM Traders
- Thread starter volente_00
- Start date
One moving average.
Man I don't miss trading these wacky index futures one bit, FX has given me relief from these dogs. I still watch them but good opportunities for the last 7 months have been few.
As I flip thru my trading notes this year it is amazing, here is a note from July 13th 2005 7:25am YM up 10pts @10538 price diverging from MACD.
Now fast forward 4 months Nov 9th 2005 YM down 10 @10556.
Folks we are treading water, it has been bloody murder trying to make money in index futures.
Now fast forward 4 months Nov 9th 2005 YM down 10 @10556.
Folks we are treading water, it has been bloody murder trying to make money in index futures.
7 month daily chart of YM with 50,100,200 day moving averages. See how tight they are, not much direction here folks. don't make your broker rich trying to trade this slop.
7 month daily chart USDCHF, WOW amazing.
Bought @ 10540 this morning and just sold @ 10640. Just kidding I have been away for about 90 minutes and was not surprised at all to see this jam session, too bad I have know position. I feel my original analysis on 11-02-05 was correct. Every dip will be supported 10540 was supported three times over the last three days, and they snuck it up during lunch yesterday and it fell apart. The same thing happened today and most were looking for that sell off again, but got caught.
So here I sit broken hearted that I missed a 100 point move. But hey I benched pressed 285 a new goal today. My new goal is 300 by year end.
So here I sit broken hearted that I missed a 100 point move. But hey I benched pressed 285 a new goal today. My new goal is 300 by year end.
T day theory rocks, but I just shorted at 10673
Now you know it wont count unless you tell were your stop is.
This all has to do with options.
But whats up with the correlation with the index ?
Uusally the spread gets closer from time decay but here lately it has gotten wider/