[kingking]

Attached is a trading window I currently use for trading the YM. On the left is a bigger time frame (300tick) and on the upper right hand corner is a smaller time frame (60tick). The lower left contain the tick chart. The bigger time frame is solely used to look at the overall price action while the smaller time frame is used for trade entry. I try to avoid trading consolidation and enter trades only on a confirm direction of a trend. On the attached charts, you can see price consolidate between 12530 and 12510 from open til 10:15am. At around 10:15, price penetrated the upper level and tested 12540. Then, price pulled back to the upper level of the consolidation area at around 10:23am. At this point, I entered long with a 12 points stop placement and a profit target of 15 points. I do not trail as I trade a single contract.

Comments are welcome!