YM Traders

Thanks! That's helpful.

1. Do you look at both 2 and 5 min charts for confirmation, or is it more?

2. You can't tell what's the 20 point move (up or down) or the 10 point retrace until you've already watched the action or examined the chart to see what's already happened, right?

You don't use a trailing stop to let the winners run?

3. Do you check ahead of time for numbers to be released at certain times? Or is that 10:30 and 12:00 rule something you watch out for each trading day?

Quote from volente_00:

2 and 5 minute charts
9 and 18 day sma looking for divergence and crossover, but mainly divergence because the crossover lags.
I also use support and resistance, and what I call a rule of 20.
Ym loves to move in 20 pint increments and the retraces quite often 10 points.
I also use reversal times such as 10:30 and 12:00.
More...
 
volente all most of the traders on here including you are doing is trying to fade big moves. ultimately you nor i know were the market ends at 4 pm. if we did we'd stay int he position all day long instead of jumping in and out on both sides
 
Joey,

But what we do is not any different than those who trade any other instrument, we buy when we think it is too cheap and sell when we thing it it to expensive. Why would I want to go long at the top of an extreme up move ? The risk to reward is just not there.
 
Quote from joeyata1:

volente all most of the traders on here including you are doing is trying to fade big moves. ultimately you nor i know were the market ends at 4 pm. if we did we'd stay int he position all day long instead of jumping in and out on both sides
More...

Very rarely ( maybe couple of times a year) it's possible to know where the market is going. All other times each position is an educated guess based on prior market activity.
 
volente, I see you are still here grinding it out day to day. This thread has really grown.

went short at 10586 to 10589 dec YM contract.

multi day trade. target 100 points to the downside.

good luck to all,
blackguard
 
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