YM Traders
- Thread starter volente_00
- Start date
ok so you dont bother looking at the 2 min chart unless its going to confirm the 5 min?
that makes sense; so instead of looking for 2 min chart breakouts which often are just fakeouts more then not.
I should look for 5 min chart breakouts.
And if I wanted to guess on the breakout I should look for a pullback first and enter at some support ... yes?
http://img323.imageshack.us/img323/1687/ym926054fu.gif
so basically what I have here is on one of my trades I entered at the end of the place I marked #1 10484; I ended up selling at 10485 because of what I saw there on the 5 min ie things didnt look so positive now.
just practicing
that makes sense; so instead of looking for 2 min chart breakouts which often are just fakeouts more then not.
I should look for 5 min chart breakouts.
And if I wanted to guess on the breakout I should look for a pullback first and enter at some support ... yes?
http://img323.imageshack.us/img323/1687/ym926054fu.gif
so basically what I have here is on one of my trades I entered at the end of the place I marked #1 10484; I ended up selling at 10485 because of what I saw there on the 5 min ie things didnt look so positive now.
just practicing
Short 10465
short 10450
avg 10457
20 pt stop
first target 10442
short 10450
avg 10457
20 pt stop
first target 10442
First target hit. Out half
+15
Second half 10 pt stop
10467
Will cover second half at close if not stopped out. Could be nice trade. Market looks pretty weak here.
As you could have read from previous mails, there is a strong support around 10450...
Stopped out second half:
-10
+5 for full trade; pretty lame but i'll take it;
I did make a few other nice trades for about 25 points but did not have time to post real time.
One was shorting the open
+302 pts today, on 34 RTs. I was scalping today, and holding onto losers at other times. 
Thats nothing to be proud of since there was a lot of movement up, down and back up etc.
Dang Volente, I actually beat your best pts day on the first post. I think today was my best day in terms of total points. But, not my best profitable day.
Thats nothing to be proud of since there was a lot of movement up, down and back up etc.
Dang Volente, I actually beat your best pts day on the first post. I think today was my best day in terms of total points. But, not my best profitable day.