YM Traders

Quote from mhashe:

Well I went long too at 10832. Lets see what happens, looking to sell in the 10880's.

I bought because we're at the support zone on the chart I posted weeks ago.

Direct link

http://www.elitetrader.com/vb/attachment.php?postid=946177
More...


Prior Support now Resistance.

Note this chart was originally posted on 1/6/2006 and makes use of no indicators. This is a real-time exercise on how observing intra-day price action can be used to derive predictive analysis.
 

Attachments

Quote from mhashe:

Prior Support now Resistance.

Note this chart was originally posted on 1/6/2006 and makes use of no indicators. This is a real-time exercise on how observing intra-day price action can be used to derive predictive analysis.
More...

You're already up 33 points as of 7:17pm eastern. Nice call.
Love your charts.
Edit: I meant to quote where you went long at 10832, so I'm noting it here.
 
Quote from joecgoodman:

You're already up 33 points as of 7:17pm eastern. Nice call.
Love your charts.
Edit: I meant to quote where you went long at 10832, so I'm noting it here.
More...

Joe that entry was in a reply I made to another poster week ago. I should have added the post date since ET does'nt do it automatically. I recall the buy was on a midnight dip during a drop in the Nik 225. I sold in the high 80's the next morning.

Post on entry was made on 01-18-06 02:33 AM.
http://www.elitetrader.com/vb/showthread.php?s=&postid=954534#post954534

My current futures position is Flat. The point of the post is that the prior support that I had based my prior buy on, is now a resistance area. Therefore the probability of a negative close down tomorrow is much higher than a close up.
 
I don't have quite the belly for a 2 point stop. I prefer a larger stop with less contracts to keep less active reentering etc. When you are using a 2 point stop, do you get stopped out quite a bit?
 
Quote from mhashe:

Joe that entry was in a reply I made to another poster week ago. I should have added the post date since ET does'nt do it automatically. I recall the buy was on a midnight dip during a drop in the Nik 225. I sold in the high 80's the next morning.

Post on entry was made on 01-18-06 02:33 AM.
http://www.elitetrader.com/vb/showthread.php?s=&postid=954534#post954534

My current futures position is Flat. The point of the post is that the prior support that I had based my prior buy on, is now a resistance area. Therefore the probability of a negative close down tomorrow is much higher than a close up.
More...

I'll go on the record as saying I think we hit YM = 11,000 before we close below the blue line (see attached DAILY chart).
 

Attachments

Quote from satchel:

hehe, oops GDP :D
More...

Yeah I was ready to short at the open based on the 2nd rule of Pekelo (also called nature abhores vacuum) : 2nd gaps get filled on the same day, but now we are not going to have a gap... :(
 
You must log in or register to reply here.
Back
Top