YM Traders

[baifriend]

how shallow is shallow retracement??
every deep retracement begins from shallow.

Quote from lilduckling:

yeah...... this looks really bullish.... interesting to see how the retracement will be.... if we get a shallow retracement im definately loadind up on longs.

 

[baifriend]

is the fed reserve announcement a sheduled one?

why i cannot catch the big movement.

 

[lilduckling]

Quote from baifriend:

how shallow is shallow retracement??
every deep retracement begins from shallow.

... you dont enter a trade just because price has retraced to a certain level... I.E. Fib retracement or support. You wait for confirmation... at least.... if nothing else... at least look for a fast ma to cross slower ma while price makes a higher low, then look at mkt internals for conformation.

 

[chewbacca]

you guys saw that MONKEY offer 450 contracts at 11348...musta had a heart attack when it broke

 

[stktrdr]

target for YM is 11,700 by end of 1st wk in May

 

[baifriend]

depends on what kind of monkey, i think.
did you see they covered?

Quote from chewbacca:

you guys saw that MONKEY offer 450 contracts at 11348...musta had a heart attack when it broke

 

[wee man]

Hey, I wonder if Blackguard has saved up enough $5 donations to open a proper trading account so he can make bazzillion$

 

[Bitstream]

Quote from chewbacca:

you guys saw that MONKEY offer 450 contracts at 11348...musta had a heart attack when it broke

my my, i bot just a point lower, but didn't noticed that, hee hee:

 

[porgie]

the question is, is it a retracement or reversal.....? been around forever.......always will be as long as trading exists..........how about this ......study until you can differentiate between the 2.......resumption of run is certainly clear enough........isn't it? it is not that difficult, really...........when price goes up buy, when it goes down, sell.........the trend is you r friend.......anyone who doesn't believe that is trouble bound........the shorter the chart, the more information you have to assimilate.....to determine things.........i like maybe 6 bars per hour instead of 12........???? whata bout 30 or 60 per hour..........?? doesn't make sense to me.........most like the short ones, but then again, how many of the m ost make it successfully? should I do what the majority does when the majority continues failing the test.........unless it is the emotional difference........the psychological control..........

 

[lilduckling]

I admit i was a little nervous this morning.... getting in todays action is like riding a wild bronco. I almost went long at the open... but i just held back and waited... got in on 9:44am at 11420 on that first retracement... then it was a little nerve racking... so i stepped away for a little bit to do some things... i was planing on getting out at 10:20.... but then price rallied to the mornings high... so i exited @ 11445... 2 pts below the peak... perfect!!! So out with +25pts ..... will wait till noon time for more set ups.

This is one of my best weeks ever..... im happy