YM Traders

Quote from mhashe:


btw congrats blackguard. That was a difficult entry you made there, but was the correct one. Great trade.
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I like Blackguard, he is an excellent trader, his entry was good but he didn't trade it well. The position was up 40 points once (dropped back 20) and 30 points up an hour later but he let it slide back and by the close it was up only 10 points.

Blackguard, I wanted to mention it to you, if you start to use Bollinger 5 mins, you can avoid such a backslides. You would be up about 60 points instead of 10. I know it sounds like 20/20, but it keeps happening to you...
 
Quote from mhashe:

Got stopped out. -30

After a couple of very good days, played today like an amatuer and deservedly paid the price. Should of listened to the indicators more, although the internals were strong much of the morning, I got fooled by the slow am grind. The only thing I did right was played small today with a few scouts looking for weakness.

Tomorrow we have key employment numbers and monsters report today portends bullish numbers. Barring any market negative comments from Greenspan in the am or the SF fed prez in the pm, I see no supply in this market, tomorrow we shoot for 11K. I have a bracket order in place. Long Above 10960, Short Below 10905.

btw congrats blackguard. That was a difficult entry you made there, but was the correct one. Great trade.
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Nothing like a good T day spanking to put us in our place. Shorting the gap worked the last 3 days and paid nicely. I am still keeping an eye on DIA option interest to see what the generals have on their mind.
 
excellent trading by the forum traders today.....keep up the good work...........something to be learned each day..tonight is the time to prepare for tomorrow......know what is coming and u will be successfull....................my hat is off to Blackguard.........thanks
 
Something to consider next time.

I keep track of the NYSE Up Volume/ Down Volume Spread Ratio (see attached chart). Whenever this Ratio is above its 1 Standard Deviation Band (currently 2.71), the market typically closes in the top 25% of its daily range. Yesterday, it closed a little lower, but still in the top 50% of its range.

Whenever this Ratio is above 2.71, you should not even consider shorting the market.

Charles
 

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Blackguard, I am just wondering, are you ever going to close that trade? Today you hade 3 opportunities to close in the green (once by a decent 20 points gain) but now you are down by 20 points, a move that was predictable seeing a giant descending triangle on the charts....

Just asking, because with this kind of money/trade management it is going to be hard to find backers....
 
Quote from Pekelo:

Blackguard, I am just wondering, are you ever going to close that trade? Today you hade 3 opportunities to close in the green (once by a decent 20 points gain) but now you are down by 20 points, a move that was predictable seeing a giant descending triangle on the charts....

Just asking, because with this kind of money/trade management it is going to be hard to find backers....
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Carefull, Pekelo. If you ask blackguard a sensible question like that you may find yourself in a very unlucky position of being put on his ignore list - he seems to ignore anybody that asks anything at all ...sigh..:confused:
 
"stupid indicators"...........they keep telling me what the price is going to do and it does it.........every day..........the trend is your friend and so is anything else that is as consistent as an established trend.......YM intraday......
 
Quote from ron2368:

I thought the trend is your friend.:confused:
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Its OK.. you're a n00b. Thats what they want you to believe.


***disclaimer: please take whatever I say here with a big grain of salt, because I'm just an inexperienced wannabe trader.
 
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