Hey guys...do any of you trade (or have traded) the mini Gold, mini Corn, mini Soybeans or mini Wheat?...or even the mini Euro, mini Yen??...apart from the mini Oil...they all seem to have a "smaller" risk factor to them...and it might be more welcoming for me to let the trade run for the longer duration...maybe even overnight!!!...I've never done that...just thinking...I prefer the larger contracts of each of the above mentioned as quicker to profits but...hmmm...what do you think...?
I just looked at all the daily volumes of these mentioned...the only one worth looking at and worth trading that has any type of real volume is the QM mini Crude Oil...forget the others!
Increasenow, I trade the qm, the spread isnt that bad. Its still better for now than to trade the CL, yes you can hit decent trades most of the day. Just really focus on support and resistence levels, news and make sure you watch it around 12:30 to 1:30 pm becuase it moves eratically toward the end of the session. I also trade the ym as well but I enjoy the QM more better moves I dont have to sit there and scalp I can see the moves more clearly in the qm. Good luck to you
thanks...I was just looking at the QM chart...I have not traded the QM yet but I can see exactly what you are saying...I want to move more into "catching the trend" to make bigger profits...thanks for your insight...will look more at it...
updates? Cmon Increasenow, you need to step up your game here. If you start a journal about daytrading with a per day profit goal, you need to keep it up to date
I mean it ....and amazingly this guy has "played " you. He is either a completely neurotic trader that can never pull the trigger or has fooled you for 20 odd pages of absolute claptrap; hense my quote on page 3. Come on guys , let this thread die a natural death.
He guys...totally swamped with work today (July 28)...huge project I am working on...very important...BUT...still want to see my goal a reality BIG time!...thanks for the all the posts and trading insights...almost traded today..almost...
I've got the YM and CL up on my trading platform now...totally excited about researching these contracts!!!...thanks again!!
YM straight down after the open range break. Even half the gain was 100 ticks ($500/contract) and there was no big pullbacks. I'd say you are not trading or even trying. The YM has been a great trend follower since the 21st, one of the best trades out there.