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05-08-2007, 03:45 AM
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First time trading the YM
Monday the 6th was the first time I took the dive into the YM. Wasn't a very good day to start! Nothing happened lol! I made a quick few points early on shorting about 9 minutes after open then closed out for a 12 point gain. After that diddly!
Could have gone worse i guess. Something keeping the markets a bit stagnant in the US now? 
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05-08-2007, 04:32 AM
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Re: First time trading the YM
Yea, Monday was pretty dull especially after the first 60 minutes. I took 25pts for the day but that was off 5 trades. So pretty much scalping entirely.
The YM has been choppy lately. Alot better to swing trade it imo.
__________________
James Lee Email: JamesLee@traderslaborator y.com Skype: james.lee03 TradersLaboratory.com
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05-08-2007, 06:02 AM
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Re: First time trading the YM
Yea after the first hour and a half i called it a day. No decent moves. I fell asleep hehe.
I looked at it on a daily and its been almost nothing but up (slowing down though)! Hasent even touched an 8 day EMA yet.
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05-08-2007, 09:51 AM
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Re: First time trading the YM
yea. I just opened it up now at the start of the session. first 20 mins are nothing to get excited about. Not much action going through either. Using pivots i went long at 288 after it broke through S2 on pretty light volume. I'm currently stuck at 2 points up but not making much headway.
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05-08-2007, 09:52 AM
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Re: First time trading the YM
Yep definately gettin outa this one. Took my 2 points n ran. Not happy Jan!!!!! (from an aussie commercial for those that know the reference)
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05-08-2007, 12:18 PM
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Re: First time trading the YM
http://online.barrons.com/public/pag..._econoday.html Step 2 - learn the importance of reports - some are more important that others. For example, we have FOMC on Wed. That is a HUGE report. Seeing the calm before the storm should not surprise anyone.
__________________
Click here to start playing Combat Grounds, online war game with other TL members!
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05-09-2007, 10:19 AM
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Re: First time trading the YM
Heheh duly noted!
Today has been a lil better so far. I went long straight at the open and took 20 pts. Shorted at 347 and just caught a nice lil move down for another 10. I don't have much experience but from what I noticed on a 3 min chart, it looks like the YM loves to move in waves a lot.
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