YM Traders

stopped out..

That was a very bad trade.. Damn it..

 

well looks like it dipped a little lower than i had figured.... but either way it reversed up at the 11100 area.

I exited my trade early for a few reasons.... didnt ride it out to my target of 11100... (ADX was +50) and had erands to do today (covered @11118)

Still .... netted +60 pts

 

stepping in front of the bus here..... short YM @ 11255... stop @ 11265 ..... looking for 20 pt drop

 

I wonder what happens after the FOMC minutes. Another potential +100 pts there. Today could be a crazy day.

 

Out at 1:42PM @11236 for +19 pts.




(Walk in front of the bus when its stopped at a red light.... get out of the way when light turns green)

 

If you would have just hung on from 11130 man you would sure be looking good right now, seems like all options experiation weeks finish with a bang to the upside.

 

I saw YM pull up late yesterday, but was afraid to take a position because in the inflation data due out this week thinking with the rise in gas prices the data was going to come in above estimates and spook the market. If I would have just focused on my charts and nothing else I would do just fine. I need to break some bad habits quickly.

 

hmm... this tread is dying..... were is everyone?? porgie?

 

We went up 300 pts in basically one session.

That is like a huge shift in something fundamental.

 

yeah...... this looks really bullish.... interesting to see how the retracement will be.... if we get a shallow retracement im definately loadind up on longs.