YM Traders

blackguard · Nov 30, 2005

Quote from wee man:

Great trade management - not!

you don't understand my trading style/method/system. I probably trade like nobody you have ever seen before, or ever will see. Yeah I really have poor trade management skills:

13 trades

11 wins 632 points
2 losses 24 points

yeah, that's a really terrible track record.

where is yours ?

blackguard

wee man · Nov 30, 2005

Quote from blackguard:

you don't understand my trading style/method/system. I probably trade like nobody you have ever seen before, or ever will see. Yeah I really have poor trade management skills:

13 trades

11 wins 632 points
2 losses 24 points

yeah, that's a really terrible track record.

where is yours ?

blackguard

I am not asking for money - you are!

blackguard · Nov 30, 2005

Quote from wee man:

I am not asking for money - you are!

Wrong.

Im not asking for money. Im asking for the chance to trade big money. There's a difference.

and I don't want anymore PMs asking me to disclose my method. Im not giving away anything for free. You know who Im talking to.

blackguard

frugi · Nov 30, 2005

Quote from porgie:

Do intraday traders prefer 1min or 2min charts......or longer?

For actually taking signals from, it depends on what kind of day we're having and what time it is.

e.g I might use a 2 second chart to trade payroll data, a 30 second chart over lunch, a 1 minute chart for rangy chop or a 10 minute to trade a no-brainer trend day. There is often what you might call a dominant timeframe in effect, that changes from day to day and finding it can help track the moves of the big players. It often looks "cleaner" and stands out a bit.

Of coure I also look at daily, 120, 15 (with breadth) & 5 to get a bigger picture and try and see where various pattern/Fib/TL etc. players will cluster their orders / feel max pain / eyes light up with greed etc.

Also the time-honoured method of finding a trend in a longer TF then managing ther trade from a shorter one, e.g. buying pullbacks on the 5 min while the 15 is trending up.

Usually I trade off the 1 min with TICK above as I find that it provides me with enough information to keep impatience at bay while not being too microscopic. Drilling down further can overwhelm with quick detail. My skill, ability to assimilate new information and reaction time is not yet really worthy of sub-minute charts, but they can still open up a world of information. Noise? No such thing, it's a fractal cine film.

wee man · Nov 30, 2005

Quote from blackguard:

Wrong.

Im not asking for money. Im asking for the chance to trade big money. There's a difference.

and I don't want anymore PMs asking me to disclose my method. Im not giving away anything for free. You know who Im talking to.

blackguard

With the best system in the world you will never get on with an attitude like that.

Be humble.

joeyata1 · Nov 30, 2005

werer's your auditedp@l blackguard. all we've got is a few pciks so we don;t knwo what happened in between. to get money you'll have to show your tax returns

coolweb · Nov 30, 2005

Profitable traders, don't need external capital:

ESPICALLY in futures.

This is one of the most leveraged instrument on earth.

porgie · Nov 30, 2005

3 questions for the day.............was it a trend day?..........what time frame chart worked best for the day?.........do u consider this to be an easy trading day or a difficult one?

pinabetal · Nov 30, 2005

Quote from porgie:

3 questions for the day.............was it a trend day?..........what time frame chart worked best for the day?.........do u consider this to be an easy trading day or a difficult one?

daily charts worked best for YM. It was an easy trading day for YM. Yesterday's bar indicated the decline today. More decline for tomorrow is also indicated by todays bar. As I matter of fact I see the dow, S&P, YM, Naz ALL making lower lows tomorrow.

mhashe · Nov 30, 2005

Quote from pinabetal:

daily charts worked best for YM. It was an easy trading day for YM. Yesterday's bar indicated the decline today. More decline for tomorrow is also indicated by todays bar. As I matter of fact I see the dow, S&P, YM, Naz ALL making lower lows tomorrow.

I agree, I've been doing intraday short scalps around my core swing position entries. I show 10732 +/- 20 to be the bottom of the next trading range. plan on scaling out of the core tomorrow, Except for some normal divergences that come with profit selling, indications are we're still inside of an uptrend and I think I already got most of the meat out of this move already.