YM Traders

trade will be held into tomorrow

blackguard

 

Black guard why would you go long? This is not a shakeout before an up move but ym is bearish and unless it picks up some steam before the close it will probally trade lower tommorrow 28th. Looks like to me it is going down into markdown. However, if it were to close high I would change my thinking on it. But at 1:40 CST it is bearish.

 

If I was going short I would short right here 10853

stop 10855

 

Stop breakeven moved
10853

 

OK. And where's your stop loss?
You are back to breakeven @12:42 PM

 

by this time you should sing silent night to the markets
if its not going down here
it won't go down at all if it goes past 10853, you should reverse or just flat out and go home.


Everybody sing

Silent night.
Leise Nacht

 

yep, around there or maybe a little higher looks good for shorting to me but if it doesn't make it there soon I will short wherever it is at before the close.

 

That's 12:42 MST

 

Hit the ask if we break 10850 and look for a possible retracement to the 1st Fibonacci level.

 

By the way, anybody is using 10 minutes charts with SMA 9? Keeps you on the right side in a trending market, I just forgot to check ( OK, I was greedy) before I went long....