YM Traders
- Thread starter volente_00
- Start date
what time, Buy1Sell2?
Great thread guys...i have been trying to catch up .... just started today.
I have a couple of quick questions....very stupid ones...just jargon i dont get.
When you speak of "car's" is that contracts? As in 9 car's is 9 contracts?
Does "spoos" only refer to the big SnP500 front month or can it be the emini SnP as well? Also, curious, but is the emini or big contract a leader in the Dow or SnP indicies, or are both pretty much lock step?
Thanks for the help and happy trading
I have a couple of quick questions....very stupid ones...just jargon i dont get.
When you speak of "car's" is that contracts? As in 9 car's is 9 contracts?
Does "spoos" only refer to the big SnP500 front month or can it be the emini SnP as well? Also, curious, but is the emini or big contract a leader in the Dow or SnP indicies, or are both pretty much lock step?
Thanks for the help and happy trading
1) 1 contract = 1 car, because back in the day, corn was transported in rail road cars, and it was traded based on that as a unit. Thus the name "car" struck for 1 unit of any futures traded.
2) Spoos are the name of the big S&P. But, with the way the e-minis are taking over all the volume, it is only a matter of time before the name would stand for the mini S&Ps.
3) Both are lockstep. Whatever variation is trivial and insignificant to capitalize on.
2) Spoos are the name of the big S&P. But, with the way the e-minis are taking over all the volume, it is only a matter of time before the name would stand for the mini S&Ps.
3) Both are lockstep. Whatever variation is trivial and insignificant to capitalize on.
long ES at 1264
no fear
stop 1262
no fear
stop 1262
sold half at 1265.5
stop at BE
stop at BE
stop hit at BE.
Here is the deal with the Bollinger. It usually bounces between the bands for 4-5 times but after that you have to watch out. Just like yesterday we had a break out, we just had one today too.
Well, I happened to predict in the chatroom at 2:15 that we would break down in 20 minutes. There was a giant descending triangle to warn. Here is the chart...
Notice that the previous support became resistance and the Dow bounced back and went lower from there...
Well, I happened to predict in the chatroom at 2:15 that we would break down in 20 minutes. There was a giant descending triangle to warn. Here is the chart...
Notice that the previous support became resistance and the Dow bounced back and went lower from there...
Quote from frugi:
Winding up for a big move I'd say. But which way? 60 says up, 40 down. Anyone else got a view?
A fake move down to 690 could make a double bottom and suck in some triangle B/O shorts before a big move up. Or just continue on down. Hmm, so many possibilities.
690 was hit. Anyone believe we'll see a giant upside surprise?