YM Traders

Quote from Pekelo:

Well, it looks like you should have waited overnight. YM is currently below 10900...

On my MRC scoreboard the shorts are leading by 2:1...
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backtest the last 3 years....


MRC pumps NQ more than any other futures index imo...

its not even close
 
I thought we are trading YMs here. Maybe the title of the thread misslead me....

You were right about that yesterday though, the NQ gapped up when the YM was down...
 
Great game. Thought they were going to lose but man did they bounce back.

Profitable in MRC on NQ,ES,YM. This MRC does seem to work for now at least.
 
Quote from pinabetal:



Profitable in MRC on NQ,ES,YM. This MRC does seem to work for now at least.
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Really? Not to be sounding like a sceptic, but do you care to post your YM trade? When did you enter and exit at what price? It gapped down 20+ points, just so you know why I am asking.

Maybe it was a few points up overnight, but that was rather insignifficant...

Edit: Here is the chart I use for overnight. Between 4 pm yesterday and 9:30 am today, YM was never up more than 2-3 points. Maybe you use a different, magic chart or something...

http://quotes.ino.com/chart/?s=CBOT_YM.H06.E
 
The easiest trading emini's is intraday............start @ 30 min past opening bell most of the time.......study until you can consistently set your stops around 5 points YM....or so......and you develop a system that is at least 60% minimum......minimum........less stirs emotions.........the more mechanical the better if you are not a very experienced trader..........when market close comes at 3 I am not interested.........usually much earlier........if system is really good times don't matter....but 9 is good starting point usually........early and overnight trading plays with confidence......and emotions.....
 
I sleep very well as I wait for 9 the next morning......news..who cares..........earnings who cares........expirations who cares.........fomc........ caution just before and a little after.........maria.......forget about it.........oil........no..........NO external information...........all of that is mind bias stuff...........all of that is anticipation.........both are deadly for your tradin ghealth.......now take that and believe it or save your money.....unless u r discretionary and those traders are few and far between my friends...........I m not one of them......nor do I wish to be at this time.........mechanical........indicators........trendlines.....no thinking allowed...........stops/self are ur real enemies not the market/other people...........set stops and don't crawfish......stops require a lot of study unless u don't mind a lot of risk........
 
Quote from EqtTrdr:

here is the original thread..

http://www.elitetrader.com/vb/showthread.php?s=&threadid=47055
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For entertainment purposes, I am reading it now. Hey guess what I have found? Beside your mindless cheering on the subject here is a quote from Charlie Dow, and he is actually presenting statistics on the matter:


"The month of June, in the mini S&P alone, has produced 11 upswings, 10 downturns and 1 flat open overnight and that is a far cry from "every single one" gapping up."

Looks like he is backing up what I was guessing. But thanks again for pointing me to the right direction! :)
 
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