YM Traders
- Thread starter volente_00
- Start date
You mean that lack of liquidity squirt. YM trades sideways in a 20-40 point range 80% of the time, followed by blasts up or down, then back to a new range. Most of the time these blasts occur right before the hour mark, say 5 minutes before 1:00.
it's been a fun day....system gives confidence to one who is a weak minded old man.....I wouldn't make a pimple on a good trader's behind as the old saying goes, but if I capture points as planned who cares....EGO cannot do anything but foil the system.. ....JMowery don't ever give up, and don't ever give it away to those who will take it from you, if you can prevent it.....takes time......volente,ripley, bigboy and others thanks for the fun day.....tomorrow cannot show me anything I haven't seen hundreds of times...just now figured it out I think................the only bad trade is one that loses money.....all others are wonderful.........today was wonderful...........it is all about repetition....redundant pictures....your stuff is the best stuff u will ever use.....
"anyone know what that 20 pt tick up was all about?"
It was an organized event that the powers that be set up to take out my stop. LOL
It was an organized event that the powers that be set up to take out my stop. LOL
"the only bad trade is one that loses money....."
The only bad trade is the one where you do not learn a lesson from.
The only bad trade is the one where you do not learn a lesson from.
I learned more from good trades than I ever did on bad trades....Shows you what is worth keeping and adding to system...focus on good stuff....ATTACK AND TRY TO DEBUNK THE GOOD STUFF...IF U CAN'T DESTROY IT KEEP IT....DON'T WASTE UR TIME TRYING TO LEARN FROM BAD STUFF......... the bad trades that lose money on paper should be filtered and sent to file 13 and forgotten forever........don't dwell on what went wrong since you don't want to do it again..dwell on what went right.......just adjust the system so you won't do it again without breaking the rules......let the system next time reject it without you having to think about it or even paying attention to what u thought was a hot signal...................the trade was bad because you were wrong and no one else...QUIT BEING WRONG.......the further removed you become from the trading decisions after system is final, the less stress u will know...........LOW RISK IS REALLY NICE...NO GAMBLING ALLOWED IS A GOOD RULE............
anyone notice how the market has completely changed the past two days? very difficult to scalp and very difficult to trade.
completely different market from just one week ago.
completely different market from just one week ago.
Radio stations report market information on the hour. This could be why their are jumps in the indexes as they close in on the hour mark. The indexes are strong during lunch as folks come home to eat and watch TV. Also in the morning the futures are usually up leaving folks to belive today is going to be good.
Its all about deceiving the retail public.
That is exactly why after watching and working for 4 years on this crap I never pay attention to what I call external information. Just what is happening on the screen...I don't need to know why....why is irrelevant......having a proven system telling only 2 things that count when to enter and when to exit....and if both those signals are same, comfortable trading with extremely low risk and high reward............is on the table all day everyday and every market....market can only show so many different pictures....study the good stuff, not the bad....chunk the bad real quick........when the good turns bad, chunk it too....someday u will have all good stuff...........some things can't change.......find them..........