YM Traders

did anyone go long today after the initial drop ?

of course if you then did not sell out on the high

tick etc readings ... you might as well not have made the trade

 

same question again

 

"did anyone go long today after the initial drop ?

of course if you then did not sell out on the high

tick etc readings ... you might as well not have made the trade"




The real question is did anyone cover at 640 as I predicted we would hit it yesterday when YM was 710 ? So you missed the first chance to short at 710 ? Did you miss the second ?

 

What's your call learner ?

 

Thunderdog, Blackguard is referring to another message board that I started posting on back in 1999.

 

volente,

if you dont trade off 15 min charts which do you use? 5 min? 1 min?

 

5 and 2
2 for scalping and finding entries and exits, 5 for keeping with the trend.

 

Man, reading these trades are frustrating... as I lose a few hundred a day. Impressive results guys.

 

jzlucas,


How long have you been trading YM ?
What is your win ratio ?
Do you have a trading plan ?

 

2 Weeks until I can finally start trading YM. Still have to fund my account, but by this time next week I should be sending the money to the broker.

I am excited, and hope to average a minimum of $50 dollar gain per day, with one contract. $50, because I will only be able to trade the last hour of the market because of school.

$50 is nice, but more realistically I'll be aiming for at least $100 gain per day, but $50 sounds good for the first few days/couple weeks. Luckily, I have a mentor, so this should be no problem.


After I get settled in and bring in consistant profits I'll move up to 2 contracts as I see more benefits trading multiple contracts instead of only one.


But good luck to everyone. Today certainly was a nice day for trading YM.