YM Traders

Discussion in 'Index Futures' started by volente_00, Aug 23, 2005.

  1. Trading is diffenently not easy. Comes with experience.

    People have to remember that trading is s numbers game. The trick is to try to find a way to put the probabilities in your favor. Sometime you win, and sometimes you lose. Try to win more than losing.

    You have to find the trade that you are most comfortable with and have the most confidence in. Everyone is diffenent and sees the markets in a different way.

    These breakouts of consolidation areas are the best that I have been able to come up with over the years. It becomes a matter of being able to sense if the market will continue strength or weakness.

    Again, experience has no substitute.

    Charles
     
    #691     Sep 23, 2005
  2. I think that we are posting at the same time.

    I'm a little cautious. I wait for the test bar to be complete and see a tick trade just below the test bar body. Aggressive traders may fade the test bar during the formation of the bar. It also depends on your time frame. Most of the charts in this thread are 1 minute charts. I use two minute charts. So, my entry may be a minute later than others.

    Charles
     
    #692     Sep 23, 2005
  3. Sign of quick thinking!

    :)
     
    #693     Sep 23, 2005
  4. I like this guy

    EDIT:BTW... very nice charts
     
    #694     Sep 23, 2005
  5. Yes, his charts *are* nice and his explanations are very straightforward.
     
    #695     Sep 23, 2005
  6. sh 440
     
    #696     Sep 23, 2005
  7. covered 430 +10
     
    #697     Sep 23, 2005
  8. volente_00

    volente_00

    Shorted at 10449

    20 point stop
     
    #698     Sep 23, 2005
  9. sorry to go against you, but Im long 10447...
     
    #699     Sep 23, 2005
  10. volente_00

    volente_00

    Covered half at 10442

    Stop at breakeven on the rest.
     
    #700     Sep 23, 2005