YM Traders

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

  1. Stalker

    Stalker

    out at 459
     
    #1031     Sep 29, 2005
  2. Amnesiac

    Amnesiac


    looks like a good support ..

    I'm long at 460, stop at 445.
     
    #1032     Sep 29, 2005
  3. esu2

    esu2

    nice chart, stalker

    i still dont quite see the "temporary resistance"
    line at 10497 when you shorted

    are you mostly taking profits around 10 pts ?
    are your stops and profits equal ?

    thanks
    esu2
     
    #1033     Sep 29, 2005
  4. Stalker

    Stalker

    price stopped at the bottom of a congestion area from yesterday afternoon. But i didn´t short there unfortunately, it was volente who shorted :)
     
    #1034     Sep 29, 2005
  5. Stalker

    Stalker

    i usually try to stick around for 20-30 points, but i chickened out for 8 points this time when i was long from 451, should´ve stayed, but thats how it is...
     
    #1035     Sep 29, 2005
  6. esu2

    esu2

    stalker
    never really looked at the day before..
    you are right.. there was congestion in that area..

    what risk reward ratio do you usually play?

    my call right now is short qmx5
    and long ym.. risk $200 to make $400 on the spread
     
    #1036     Sep 29, 2005
  7. what a sweet move up in the ym, wowie zowie
     
    #1037     Sep 29, 2005
  8. balda

    balda

    Thank's God for stops
     
    #1038     Sep 29, 2005
  9. Stalker

    Stalker

    esu2 - my stop is 15points, target usually around 20p, but i´m new at this, don´t listen to any advice from me...:)
     
    #1039     Sep 29, 2005
  10. esu2

    esu2

    stalker,

    not doing bad for being "new"

    what is happening now with oil?
    my spread call would have worked here.

    time to short YM as it is hitting yesterdays high of 10520 ?
     
    #1040     Sep 29, 2005