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Old 11-06-2007, 11:17 AM
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Re: YM stops based on pivots

Freddie:

Stops are a frustrating yet necessary part of trading. I posted a question about a week ago on this forum. A number of seasoned members gave some excellent input. If you watch the CBOT webinar recommended by ranj, you'll hopefully develop a better approach to stops. Also, start tracking how far against you the price moves. My stops tend to be triggered at the very extremes of moves against me.

Here's the link to the Q&A:

http://www.traderslaboratory.com/for...tops-2724.html

(it doesn't look like it hyperlinked, so you'll have to copy-paste into your address bar).

If you're having trouble with YM and not afraid of big ticks, consider ES. For me, the order flow is much easier to read. YM tends to have a lot more fake-outs and shake-outs. That means a lot more busted trades for me. ES just has enormous volume that ramps one way or another once it starts going.

Best 'o' luck,

Bam-Bam

* Not a newbie, I just trade like one.

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