YM Traders

Quote from empee:

Hi, I'm not going to be participating much here cause of the negativity but i thought a nice final post, I posted that I went long huge size at 10750 with a target of 200->250 ym pts, I sold today at 11009 out roughly +250 pts (the long post was on 1/3/06), stop was 10-20 pts so it was better than 1:10 risk reward.

good luck ym players! c ya volente!

(my final post in this thread)

Here was the original post so people don't spam I'm making up my trades/after the fact blah blah blah:

01-03-06 12:44 PM

hi all, happy new year.

I'm backing up the truck here on YM locked and loaded with a stop at 10739 area, looking for 200-250 ym points upside (SWING).
More...



Congrats. Wonderful trade, probably the best posted so far. Don't mind the negativity, please keep on posting your entires.
 
Well.... im all bullish at this time. YM setting up for a nice run up next week! Dow transports only allowed YM to kiss the 11000 level.... and then gently pull away a little. Did not allow it to get to second base. Not so next week!

Hope to see a gap down on Monday!
 
Quote from pinabetal:

I don't get it why some want to short ym. It is bullish.
More...

I agree. The tape faked me out yesterday, the demand I had observed yesterday was indeed real demand because now market has entered into a trending mode. Except for the am b.s. fake out reaction to the early morning rally, the real intraday tape shows new support and demand at 10960. As long as we are above 10960 it is "buy the dips trade".... and I mean all the dips. The next major reaction area is 11250 from here. As long as YM is above 10960, it is best to wait for the pullbacks to complete and take trades in the long side, fighting this tape will only lead to loss of mental and monetary equity.
 
Quote from mhashe:

I agree. The tape faked me out yesterday, the demand I had observed yesterday was indeed real demand because now market has entered into a trending mode. Except for the am b.s. fake out reaction to the early morning rally, the real intraday tape shows new support and demand at 10960. As long as we are above 10960 it is "buy the dips trade".... and I mean all the dips. The next major reaction area is 11250 from here. As long as YM is above 10960, it is best to wait for the pullbacks to complete and take trades in the long side, fighting this tape will only lead to loss of mental and monetary equity.
More...


btw if anyone is interested I posted a chart with the above target price around August of 2005.

http://www.elitetrader.com/vb/showt...&perpage=6&highlight=mhashe qqqq&pagenumber=3

Here is the direct link to the Chart

http://www.elitetrader.com/vb/attachment.php?s=&postid=816973


So to wit, as long as YM is above 10960, it is best to wait for the pullbacks and hammer then away to the long side. Good luck next week and have a great weekend all YM'ers.
 
sma's or not? intraday or not? gamb ling or not? buy and sell are totally equal like it or not...........long and short is stock trading terminology that reveals lack of experience...........buy and sell....buy and sell............equal....same money buy and same money sell.......am I missing something.........am I wrong? am I crazy?...........any suggestions? forum is dying ........guys leaving like rats from a sinking ship....but some pretty nice rats at that.....just not willing to pay the price of learning..........
 
Quote from pinabetal:

I don't get it why some want to short ym. It is bullish.
More...

I believe by this Friday the 13th (Jan 13th) we shall see why some want to short the YM...
 
I have to agree with Satchel. I just got a sell signal for the Dow, which is rather strange because I have sell signals on all gold, oil and now Dow. I don't remember that these 3 moved together since I have been tracking them...
 
You must log in or register to reply here.
Back
Top