YM Traders

Yes


5 min


easy if you play 10:30 reversals and always trade Weds as biased down days.

 

I noticed the results of the PFGDIRECT 1 day ES

contest ... top traders made 3 1/2 % - 7 3/4 % return on funds in the simulated trades

they will have their 1 day YM contest today

 

Covering all my core short positons from 10950 and 10935. Averaged out at 10876. For +74 and +59. Should of kept a hard trail. Gave up 40 points from the bottom on this bullshit overnight insufferable nonesense

 

The Nikkie 225 shot up past 15000 last night. Brought the Ym and ES overnight futures with it to the upside.

Charles

 

That midnight rally can be deady to the bottom line.


T day theoryis in full effect. but beware of the gap

looking to short around 890 myself

 

http://www.elitetrader.com/vb/showthread.php?s=&threadid=47055


I love that you can always hold overnight with absolutely no risk $$$$

 

shorted 10885


stop at 905

 

reasons


http://quotes.ino.com/chart/?s=CBOT_YMZ5&v=i




resistance at 890 that was previous support


bearish on gap ups



and the 50% retracement level from 942 to 820

is 881

 

i also shorted at 85. even though looks like abig upday we should give a little back on open

 

Thanks Charles. Now it makes sense. Do you know of a delayed chart for Nikkei, Hang Seng and the FTSE?

If I see Weakness in the 10885/10900 area I'm going to short it heavy again. This move still needs to work back to 10750. Some bullish employment numbers this morning, but due to temporary construction work. Could provide some relief for the bulls.