YM Traders

Quote from volente_00:

FWIW rule of 20 gave a buy at 690.
More...

I added a lot more contracts on that rally back up....

and sold for a profit... lol... that was the wrong thing to do.. But, what the hell...
 
Quote from sevenfirs:

FWIW rule of 20 gave a buy at 690.
------------------------------------------------

Are you calculating from low to low?
More...



from previous support intraday,


730 to 710


710 to 690
 
Quote from osorico:

Just after 12:00 MST and I'm off for the weekend.

Today is 3rd best day ever for me...

+383, 8 rt
More...

Not to be too sceptic, but if you mean using 1 contract, it is hard to believe. Today there was no way you could have made that many points with only 8 return trades. Let's not forget you were done by 2 pm, so you didn't use the last 2 hours 40 points drop and waves...

It was a trending market without big waves, and my very best scenario allowed you to make 350 points in 9 returns, supposed you caught every big waves exactly at the top and the bottom. If so you are still one helluva trader, and I want to sign up for your class.

My guess is that you used more than 1 contracts and multiplied the points by them. Is that correct???

Again, I just would like to clarify it, because if it is possible what you claim, most of us here are not even in the same ballpark than you....
 
Quote from mhashe:

01-17-06 08:08 PM

Aside from the Nikkei dropping its pants again tonight ( not that I'm complaining being that I short it ) My indicators show YM will have a large drop next few days. I'd be careful going long in the MRC. Another gimme trade, short DAX at the open.
More...



You have to keep your ear close to the ground so you can hear the thundering herd from far away. Otherwise by the time you see the herd, it's too late. It'll run over you.

This sell-off was not because of pikers like us who frequent this board selling 10 contracts. This was because I-Banks ( the guys who make up 70% of a regular days volume ) are scared. My indicators only gave me a warning of news coming, these guys know what the real news is. And it's not GE earnings that's scaring them. Must be something much bigger than pesky GE earnings.


Update on the chart I posted in the beginning of the year. Note we are now at the support levels ( give or take a few odd 10 points ). Watch the tape, it's action next few days will tell us why the big guys ran scared today.

Edit: here's the direct link to the original chart.

http://elitetrader.com/vb/attachment.php?s=&postid=946177
 

Attachments

I think this was just the usual end of the January effect. Nothing special, although we will have trouble with Iran.
Remember, I posted this on the 13th:


Quote from Pekelo:


I have a strong sell signal, usually good for a 300 points drop. It doesn't mean it happens right away, but very reliable.
More...

We are most likely not done yet, but we already made 300 points drop since the signal.
 
Quote from Pekelo:

Not to be too sceptic, but if you mean using 1 contract, it is hard to believe. Today there was no way you could have made that many points with only 8 return trades. Let's not forget you were done by 2 pm, so you didn't use the last 2 hours 40 points drop and waves...

It was a trending market without big waves, and my very best scenario allowed you to make 350 points in 9 returns, supposed you caught every big waves exactly at the top and the bottom. If so you are still one helluva trader, and I want to sign up for your class.

My guess is that you used more than 1 contracts and multiplied the points by them. Is that correct???

Again, I just would like to clarify it, because if it is possible what you claim, most of us here are not even in the same ballpark than you....
More...

Hi Pek...

RT (to me) means # of contracts traded in/out. I traded a total of 9 cars today. (yea, I didn't catch that err (8) when I posted. I was kinda giddy :D)

Posting the trades now is meaningless, but here they are anyway...

3 short @886
out @815

1 long @817
out @825

1 long @824
out @817

1 long @779
out @885

3 short @787
out @730

adjust for commision... +383

Get your
Hotdogs, CrackerJack, and Cold Beer right here :cool:

Osorico
 
You must log in or register to reply here.
Back
Top