Buying YM Right Now 13270

Make sure you come back when we hit 13500, be a man.

 

Hmm Im long a bunch of YM but short other futures so ... I'm pretty market neutral today and miss out on all the good stuff

 

This post marked the top.

Okay maybe not exactly, it was only 3 minutes off.

The Dow is trading above an upper channel line - technical action that typically doesn't last.

 

Testy, testy... too bad it didn't work out. I mean, with this thread and all.

 

13247

 

Sweet......

 

13236 and falling... as your broker I suggest you take it.

 

I find it mildly amusing that these daytrades become multi-week or month rollovers when the author is proven wrong.

 

"In this environment you might as well ignore all you indicators and just focus on price swing highs and lows, turn off you MACD,RSI,STOCH"

imo and ime in all environments, when daytrading futures, you should ignore these lagging indicators.

they are a sucker's play custom made for retail traders - who otoh fail at trading.

 

I agree with whister

canned indicators will give you poor trade location if you wait for the buy or sell 'signal'

focus on price / volume / time through the DOM or Time & Sales Data ... learn to read this and you will be a step ahead of the majority of traders