YM Traders

porgie · Jan 22, 2006

oops?

porgie · Jan 23, 2006

i would ra ther go to sleep in nest than in computer room chair...good luck vol...........H/l and H/H's ? or micro trading zooming in?

satchel · Jan 23, 2006

oops is right,

do you see anything green on this page?

http://finance.yahoo.com/intlindices?e=asia

not sure why anyone would be toying with long side until into the first hr of RTH tomorrow

volente_00 · Jan 23, 2006

Quote from porgie:

i would ra ther go to sleep in nest than in computer room chair...good luck vol...........H/l and H/H's ? or micro trading zooming in?

Nest ? what are you a bird now ?

rule of 15 took over

volente_00 · Jan 23, 2006

Quote from satchel:

oops is right,

do you see anything green on this page?

http://finance.yahoo.com/intlindices?e=asia

not sure why anyone would be toying with long side until into the first hr of RTH tomorrow

Y not ? There is money to be made both ways.

Bigbusiness · Jan 23, 2006

Quote from volente_00:

Joe, you are looking at it the wrong way. Back test using the variables I gave you, such as if the open is gapped down on a thursday and you go long, what % of the time will the markets touch green intraday? My bias is never based on the CLOSE, only on the odds of it heading a certain direction intraday.

There is probably a much greater than 75% chance of a retrace from an opening move on any day. I can't see any reason to select Mondays and Fridays as the days to go short and Tuesdays and Thusrdays as the days to go long.

Just looking at every Monday for the past few years, most of them have an up move or a down move from the open that retraces. There are some days that go up and just contimue up all day and some that do the opposite. I can't see any advantage in using T day theory.

joecgoodman · Jan 23, 2006

Will today be black Monday?
(I'll gladly take a long signal today if offered....just pondering.)

volente_00 · Jan 23, 2006

695 + 20 = 715

20's everywhere I look.

volente_00 · Jan 23, 2006

Quote from joecgoodman:

Will today be black Monday?
(I'll gladly take a long signal today if offered....just pondering.)

The signal was last night

Quote from volente_00:

FWIW rule of 20 had you long from 676 tonight.

volente_00 · Jan 23, 2006

Quote from Bigbusiness:

There is probably a much greater than 75% chance of a retrace from an opening move on any day. I can't see any reason to select Mondays and Fridays as the days to go short and Tuesdays and Thusrdays as the days to go long.

Just looking at every Monday for the past few years, most of them have an up move or a down move from the open that retraces. There are some days that go up and just contimue up all day and some that do the opposite. I can't see any advantage in using T day theory.

Nothing is 100%.
I am just telling you how I trade certain days.
Look at last friday, I was short the open, but then I put on some long plays even though I was short biased. It is a heck of a lot harder to take points out fighting the trend but it can be done.