YM Traders

478 was the 50% retracement intradayfrom low to high.

also 464 was the 50 % retracement from the last move from 438 to 490.

The 50% retracement from 528 to 438 puts you at 483 which is pretty close to where the rally failed.
To me it is a high risk play being long at a retracement level.
 
Quote from Ripley:

Got out Break Even at 474.. didn't have the stomach to take a loss on a 9 car position.

That was a horrible trade. It began as a failed scalp on a momentum breakout at around 485... thus convincing me that it is headed up, I bought the dips.

And I let a +10 pt profit get away on 9 car position. That was sad. Horrible... can't believe it, I thought it was headed even higher.
More...

:( :mad: :confused: :eek: :p :) :D :( :mad: :confused:
 
surprising low volatility today. You would think with the NO situation and the employment number, YM would move more.

Im up about $70 on a few quick trades today.

Anyone else trading today?
 
Quote from blackguard:

surprising low volatility today. You would think with the NO situation and the employment number, YM would move more.

Im up about $70 on a few quick trades today.

Anyone else trading today?
More...

I'm trading. It's been good for me today in particular since I thrive on low volatility. I'm up about 1200 points so far on the day.
 
That little pop above 10480 coincided with "Action" Geraldo Rivera reporting that he is now in New Orleans along with a military unit from Fort Hood, Texas. Thank God for Geraldo.

Bob
 
This is just for fun on the simulator, but Long 10474, stop @ 10469, target 10495. I'm going to let it go for the rest of the day. Stop will go to b/e +1 after 8 points in my favor. Hopefully "Action" Geraldo will file another report. 2:30 cst

Bob
 
You must log in or register to reply here.
Back
Top