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Old 11-06-2007, 11:29 AM
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Re: YM stops based on pivots

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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.
Good point Bam. I think too many are afraid of the ES b/c the pro's are there. But as you pointed out, that volume can be a good thing if it suits your style of trading. Like you, the amount of fakeouts is much lower there for me as well.

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