YM Traders

went long @ 10739 based only on the action on TWS booktrader.
Stop @ 10719

couple of scouts this time. Bloody charts still down, will possibly have to reformat HD :mad:

Happy New Year to everyone. Good trading in the new year. Sharpen your tools and be ready for the action. Going to be a volatile year.
 
Quote from satchel:

dis down, ES 1240s, NQ < 1651, DJIA 600s!

now paypal me lol :D
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Thank you markets! got down and dirty at the close - I LOVED IT! it was a washout, a crapshoot and then neck and neck!

NQ 1654, YM 735 :eek: and ES 1252
 
What do you guys think of moving your stop to break-even when the YM move 6 ticks in you favour. base stops on ATR what ever time frame you are trading. or maybe 6 ticks is to tights?...target would be on new signal? I am not a fan of fixed targets.
 
Steve46........U have a wonderful and happy new year........I believe you know what you are talking about ........It is obvious.....
 
Quote from porgie:

I like minimum 2x...........but then I am an intraday trader only.......when YM moves me to 10 points seen on screen I move everything to breakeven .......usually 3 contracts traded..........#1 exit with 1 contract and go to breakeven all contracts when 10 is seen on screen........#2 exit when 15 seen on screen......remaining contract/s discretionary with always breakeven on all @ 10 pts..........my system is so highly accurate that I very seldom suffer losses........earned by enormous hard work and time.....5 years ...........Have a wonderful and Happy New Year...........
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Its unlikely that your system is 95% accurate considering I have by far one of the most accurate system around with tick stops and 30-40% win ratios and by looking at your indicator system you'll be chopped to death sooner or later.

These trading days were your lucky days (probably range) :)


Considering you mentioned 5-7 tick stops and 10 point p targets, You'll definately be chopped out. 15 minute charts, you still get chopped out sooner or later churning.

Keep on tugging along porgie, you still got a long way to go.
Fortunes doesn't come that easy if you work linear,
5 years is nothing
Think 8 years, 10 years..

Will be forever for some. :D


coolweb. 3 months player. :)

I'll be in chat if anybody trades nasdaq stocks.
 
If you check back at your profit target hits,
you'll notice its always 8-15 ticks max

What does that tell you?

It tells me you are late.

funny how you keep mentioning lagging. Its sort of like describing your system :)
 
cw..............YM losing is nothing to be ashamed of....it will whip most all comers...especially the get rich quick boys.............good luck on the stock trading........short and long applies there......
 
cw...........the attempted analysis of my system is not even close............the systems that are 30 or 40 percent are truthfully not as good as coin flipping......seriously...............recipe for disaster.........money is the most likely enemy you will face....and not the lack of it........the love of it.....if money is your real motivation you have much sadness ahead....try to put someone else first this new year.....better to give.....
 
porgie,

Sorry buddy, You have me confused me with yourself who does have a problem on YM, I know it gets the blood pressure up and all but you need to stop making up stuff in your mind :)


Do you know why you still trade 1 contract?

Because you have no confidence in your system, in fact, you have no confidence in your system you keep makling up 95% win ratios.

"
8 ON BUY.....1 CONTRACT ONLY.....i AM RUNNING OUT OF PLACES TO PUT T HE MONEY......ANY SUGGESTIONS?
"

Don't you find it funny you are running out of places putting your $34 after commission profits?


Lets not be so small timer ok ? I know you only require social security spending money but its time to step into reality of what Wall street really is.

I hope to see you trading 15+ contracts soon considering you have a blazing 95% win ratio, which I know you won't because your system just doesn't work :/
I was trading 10-15 with a 50% ratio so you should do much betteer.

Porgie another 8 years and 20000 more hours to upgrade from 1 lot.
Coolweb , another 2 months to make 3-5k days. (now .5-1/2/3 avgk days)



Life gives no free lunches to hard working farmers , but loves them money grubbing capitalists. :(
 
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