Your +383 is a very impressive day. I'm guessing you'll have a fantastic weekend! Hey, if you could throw this dog a bone...I'm a new YM trader that is seeing his account go south. I don't know if traders share methodologies on this site or not. But I'd love to know how you pick your entries. (my 4 kids will thank you too!)
Volente 00, I'm enjoying your posts. May I ask a couple of questions? (1) What is the T Day Theory? (2) What is the Rule of 20? ....hmm, my apologies....guess that turned out to be three questions.
I think you meant out @785, with 6 points gains. I knew there was a difference in the way we count the daily gains. I usually just count the points, without multiplying with the contracts. So by my count you did: 71, 8, -7, 6, 57 >>> 135 points, still very good, with such a few trades. I have been trying to come up with a solution between swingtrade and daytrade. Namely when to switch between them, kind of trying to predict the day, if it is going to be a trending or a sidewaying day. Obviously on a trending day like this we should just let it ride and on days like 2 days ago, trade the intraday moves. Well, anyway, thanks for sharing the data, and when I figure out the solution, I will report back...
Is the Rule of 20: when intraday support or resistance is broken, it will move 20 points in the direction of the breakout?
Rule of 20 I hope this isn't a secret volente, but I found it pretty cool as well so I'd share: YM moves in 20 point batches, once it hits 20 points it'll bounce back for 10 or so if its down, then go down another 20, then bounce back 10 T day, is the days on which God brushes his teeth. So if you haven't read up on the bible, It is time to do so, to know which days he brushes his teeth. Teeth brushing = clean = Up day No brushing = dirty = down day.
Thanks, CW! I gotta admit....you stumped me on the T day. Can't for the life of me figure out what days God brushes his teeth. I've searched google and bible.org. Ah! Wait a second. I just had an epiphany! Very nice!!! Very nice indeed. I won't share the answer here on the site since I get the impression you'd rather let traders figure it out for themselves.
God brushes his teeth on Sundays and Saturdays. Wait a minute, how can markets go up when the markets are closed? Maybe the markets in heaven are open on weekends too. Oh man, thats definitely heaven.
20 pt batches? what the heck is batches? more commonly known as runs.....those are runs, not batches....u r selling and buying not going short and long...terminology exposes experience level....stop the game and stop play trading.....years ahead of hard work and u can do it............if anyone here bought yesterday they need to change systems.....buy a new one..........
Are you the terminology nerd? Just like the spelling checkers on this board who have nothing to say except to correct spelling. You are a terminology checker. Lets not call it batches, Lets call it 20 porgies. I'm going to be shorting YM for 20 porgies.