YM Traders

pinabetal · Dec 27, 2005

Quote from steve46:

Also if you look at candles, you can see the shape of the real body and the tails and you see no evidence of buying comming in to buoy the market up. As time went on, what should have become apparent was that the market ran out of gas here.

Actually Steve the "ran out of gas" was obvious by the close friday. Narrow spread up bar on low volume that closed low. With dist. in the background. Means no gas to go up hill.

pinabetal · Dec 27, 2005

Quote from pinabetal:

Yep, throw off volume and you just lost your view on smart money. Odds definetely favor a slide down Monday in YM. I am already short YM. Hit profit on NQ and ES friday. Fridays bar, narrow spread closing low and made on low volume shows no "smart money" much interested in pushing it on up. If they aren't behind the up move then it will probally head down monday; at least make a lower low. Combine that with the fact that the bar for thur was up bar but on decline volume and you have another indicator of weakness. My 2 cents worth.

Here was my post Steve predicting this slide down Tuesday. I said monday but markets were closed monday so it applied to tuesday. Coolweb also predicted this fall down. So, the "no gas" was evident friday at the close.

satchel · Dec 27, 2005

Those who studied were short the open

but...watch for gap up and redux o today

porgie · Dec 27, 2005

20 points .........tsk tsk tsk ...........shame on me if that is all I could scratch today.........it ain't rocket science............see the turn this morning.........see the end of day.......any BUY signals given today ought to mean chunk the system in file 13..........THERE ARE BUYS AND SELLS IN FUTURES TRADING NOT LONGS AND SHORTS.....THAT IS STOCK TERMINOLOGY.......PLEASE GET SOME EDUCATION BEFORE YOU BOMB OUT......AND TO NOT KNOW THAT MONDAY MARKET WAS CLOSED?????????????CALLING MONDAY ON FRIDAY WHEN MARKET CLOSED>>>>>>>>>>WAAAAAAAAAAAAAAAAAAABUY YOU BOOKS AND SEND YOU TO SCHOOL AND ALL U DO IS CHEW THE COVERS OFF THE BOOKS...........VOTE FOR HILLARY......

pinabetal · Dec 27, 2005

Quote from porgie:

20 points .........tsk tsk tsk ...........shame on me if that is all I could scratch today.........it ain't rocket science............see the turn this morning.........see the end of day.......any BUY signals given today ought to mean chunk the system in file 13..........THERE ARE BUYS AND SELLS IN FUTURES TRADING NOT LONGS AND SHORTS.....THAT IS STOCK TERMINOLOGY.......PLEASE GET SOME EDUCATION BEFORE YOU BOMB OUT......AND TO NOT KNOW THAT MONDAY MARKET WAS CLOSED?????????????CALLING MONDAY ON FRIDAY WHEN MARKET CLOSED>>>>>>>>>>WAAAAAAAAAAAAAAAAAAABUY YOU BOOKS AND SEND YOU TO SCHOOL AND ALL U DO IS CHEW THE COVERS OFF THE BOOKS...........VOTE FOR HILLARY......

LOL have a happy new year porgie when it gets here and please short the ym as the slide down will continue for wed. Just didn't think about it being closed monday. buys longs sells shorts ..mmm all the same. Now long shorts might be a problem.

P.S. my short from friday was covered this morning for 590.00 profit and the second short position was then taken today with 2 scouts at 10841 and covered at 10824 for 17 points on two scouts for another 170.00.

pinabetal · Dec 27, 2005

Quote from pinabetal:

Yep, throw off volume and you just lost your view on smart money. Odds definetely favor a slide down Monday in YM. I am already short YM. Hit profit on NQ and ES friday. Fridays bar, narrow spread closing low and made on low volume shows no "smart money" much interested in pushing it on up. If they aren't behind the up move then it will probally head down monday; at least make a lower low. Combine that with the fact that the bar for thur was up bar but on decline volume and you have another indicator of weakness. My 2 cents worth.

See porgie my post on Friday saying "I am already short". I was ready for the decline. Anticipated the decline. Actually one could say predicted the decline.

porgie · Dec 27, 2005

YES PIN I GIVE YOU A PAT ON THE HEAD........YOU DID JUST THAT AND IT WAS EXCELLENT.......BUT THE RISK WAS TAKEN OUT OF THE TRADE @ 9 TODAY...WHY GAMBLE?..........AS USUAL..........AM I SCREAMING TOO LOUD?

porgie · Dec 27, 2005

nobody knows what tomorrow will bring........WHY GUESS WHEN THE 100% SYSTEMS GIVE IT EVERYDAY AT 9 ..........UNTIL CLOSE

JMowery1987 · Dec 27, 2005

Guess who's back?

The trip to the carribean was amazing.
Went to Miami, the city is beautiful, even got to put to use some of that spanish I learned in high school.

Went to Bahamas, St. Thomas, and then St. Maarten.

Definately a great trip, along with 3,000 others on the cruise ship.

But now I'm back and refreshed. Kinda nice to get away from watching charts 24/7 when not in school or sleeping. Definately relaxing.

I hope all of you had a great christmas.

If anyone wants to pop into the chat room, i'll probably be there for awhile.

It's feels good to be back!

EDIT:
Oh yeah, on the ship, they had a casino.

I made 300 bucks playing blackjack, while my sister and her husband managed to blow close to 500.

Risk management and sticking to a system was all that was needed to be good at it (maybe some luck with getting a few blackjacks as well).

Good stuff.

pinabetal · Dec 27, 2005

Quote from porgie:

nobody knows what tomorrow will bring........WHY GUESS WHEN THE 100% SYSTEMS GIVE IT EVERYDAY AT 9 ..........UNTIL CLOSE

Well porgie no one knows for certain what tomm will bring but they can make a prediction on probabilities. Which is just what I did. I didn't see much of any gamble to speak in my call. The tape which doesn't lie told me friday by the close what would happen tuesday, that is, most likely.