Hey porgie, why do you trade YM ? ES is the bomb.
YM Traders
- Thread starter volente_00
- Start date
Reminds me of the charts we had to do in econ 480.
Quote from frugi:
Thanks mhashe.But the blotter is only an average summary of all trades, I didn't trade 50+ though I hope to some day. I would have posted the whole thing but it takes up the whole screen.
The most I have ever swung is 35 cars and my pants were in severe danger of changing shade so I won't be doing that again until I am fully confident of my methods / discipline under that sort of pressure. Today I traded 3s, 5s and 10s five or six times, which is my usual approach.
Good luck to all tomorrow, I agree the moves will be fast and deadly.
Take a look at these and see if anything "clicks".
Your chart ( I cut it up a little) , and what I use below. More an art than a science. *Have* to use the tape and look at the tape setup and price support/resistance. Definitely not for newbies.
Hi porgie,
Simply because we have had a relatively tight choppy consolidation for 3 days ... I think pressure is building for a big break one way or t'other. Or indeed one then the other. The usual volatility expansion / contraction cycle. That's not to say it can't grind in a range for another day or two, but I doubt it.
Thanks mhashe that looks interesting. Just on msn at the mo, will check back in a bit.
Simply because we have had a relatively tight choppy consolidation for 3 days ... I think pressure is building for a big break one way or t'other. Or indeed one then the other.
The usual volatility expansion / contraction cycle. That's not to say it can't grind in a range for another day or two, but I doubt it.Thanks mhashe that looks interesting. Just on msn at the mo, will check back in a bit.
Just exploring but if the past 3 days are any indication, I may be heading to the darkside. To me ES moves so much cleaner, and the size is there for me to take it to the next level.
I tried trading the ES, but the edge that I have on the YM does'nt seem to exist in the ES. I actually think the YM has the best edge for intraday trading for the US markets. I also trade the Nik225 and the DAX. between the 3 I'd say the Nik225 is my preferred market. High payout and large intraday ranges.
