Trading YM

Discussion in 'Index Futures' started by newguy05, Feb 19, 2008.

  1. nkhoi

    nkhoi

    depend on your data feed they may not offer $TIKI, try http://www.quote.com/qc/livecharts/default.aspx
     
    #11     Feb 19, 2008
  2. If you trade YM, you must keep and ES chart on your screen also. They trade together with a spread ratio.
     
    #12     Feb 19, 2008
  3. the YM and the ES to SOME extent trade together.

    last i checked, the correlation was over .9

    the YM is price weighted. the ES is cap weighted fwiw.

    also, the ES is a proxy for the S&P pit contract which is where the big money plays. it is THE supply/demand vehicle for institutions, both for hedges and for position.

    i agree about watching the ES.

    i almost NEVER trade ES. i mostly trade YM. but you can be damn skippy i watch ES.

    i've never found a lot of utility in the TIKI. i am sure some do. i far prefer NYSE:TICK. that works significantly better for me fwiw. ymmv
     
    #13     Feb 19, 2008
  4. I go in at the market. . . but only at key technical set-ups . . . at key breakout points. I rarely have slippage.
    Grabbing 4-5-6 points per trade is OK . . . and doing that 3-4-5 times a day.
    Bruce
    Toronto
     
    #14     Feb 20, 2008