[Maelstrom]

I thought I would start a thread here to keep track of my YM trades - perhaps my success and/or failures will be helpful to others. If there are any others who also trade YM, by all means, jump in. I am always open to learning new things, and looking at other's perspectives.

Some quick background, I trade the YM because I am most comfortable with it from a movement standpoint. It has always just flowed better for me than ES or NQ, and honestly, I like the range and simplicity of it. My trading style is purely support and resistance trading, though I have gone through the endless indicator rotation, and still play with them more out of boredom than anything else.

Currently waiting to see if a sort trade materializes here (yes, I trade the overnight session if setups occur). Looking for a bar close below 11971, a (hopefully) small pullback, then enter for a short.

Magenta line is the trade earlier today for 108 points.

[Maelstrom]

Trades from last week:

Mon +91
Tues +90
Wed -22, +60
Thur +165, +25
Fri +92

Constant internal debate for me is whether to use fixed targets or not....for now, letting the market dictate, though I never like giving up ground.

Still waiting on a short setup.....if it ever materializes.

[Maelstrom]

Short trade never materialized. Well, it did, but I had two a second short setup materialize before the first triggered, and that typically means weakness, so no trade. Looking for longs now.

[Maelstrom]

Long 12025, stop loss 12004

[Maelstrom]

Chart for long entry....

[Maelstrom]

Possible strong resistance area - watching how it reacts here.

[Maelstrom]

Could be a bullish flag setting up here - strong support would be around the 12055 area for termination of that pattern if it happens, which was resistance (briefly) earlier. Will wait and see.....still in long trade.

[Maelstrom]

Target exit 12126 - lets see if it gets there.