Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

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.

5aa7108432611_2011-06-2719-28-YMU1R20.thumb.png.cb48a593ee14880cd1bc8bd6fc43ed98.png

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

5aa7108455fbd_YM2.thumb.png.971079e8a499f1957a38e123e37bdee6.png

Share this post


Link to post
Share on other sites

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.

YM5.thumb.png.d8ac27fb5176f21245f847b14642414c.png

Share this post


Link to post
Share on other sites

Love it! Went to the target to the tick, then reversed without taking me out! LOL :haha:

 

That's the way it goes sometimes - waiting to see what it does now

 

Btw, target was chosen as it is a bit below the highs from the 21st and 22nd, and right in the middle of that consolidation mess that occurred there before it turned down.

Share this post


Link to post
Share on other sites

Have a possible long setup shaping up. Will enter on the close of a green bar. Not feeling real great about this one with the time of day and being right at the HOD.

 

Red arrow was a short earlier, and I missed it. Oh well, better that than rushing a trade I don't see.

 

** Update ** Long entry at 12180, SL 12158

YM.thumb.png.34c36c33a9162fce1572e4120cf2365b.png

Edited by Maelstrom

Share this post


Link to post
Share on other sites

Upcoming, looking for a bar close below 12160, unless there is just a tremendous amount of churning here after hours before reaching that level.

 

Major support areas I will be watching are 12150, 12107, and the 12050-60 area. After that, I don't see much to stop a downward move until the 11850 area.

 

Of course, this is all assuming a turn down from here. The market can very well just keep pushing up, but that is why I trade what I see and don't try to predict.

YM.thumb.png.e15a66bc5f4ed9074a188dc6a24804d5.png

Share this post


Link to post
Share on other sites

Sat on the sidelines overnight...slow grind up, but didn't see anything worth moving on.

 

For now, watching a few interesting areas. If current price action fails to reach the 12275 area, and breaks down through the 12208-10 area, I will be anticipating a visit back to 12150. If that breaks convincingly, we may see 11940-50 relatively quickly.

 

Again, no predictions, just what I am seeing at the moment. Likely the market will shoot straight up from here for 200 points :)

 

Started an experiment last night, looking at ES. I have traded it before, along with NQ, TF, etc, but have never liked it much due to the heavy interest in it and sometimes erratic movements caused by program trading and institutions. But, just wanted to see if my "methods" would apply. Hindsight is 20/20 of course, and it doesn't mean a damn thing, but last week would have been good for about 58 ES points.

 

If the market continues to waffle around all day, may look at other markets just to keep awake.

 

M

Share this post


Link to post
Share on other sites

No trades thus far today - the entry yesterday afternoon was the one, and could have/should have been a swing trade up till now. Hesitation earlier in the day, and a confirmed turn down would have had me looking for shorts, but it obviously didn't materialize. Since I don't hold YM trades day to day, and don't (usually) take continuation trades from the previous day, I am on the sidelines.

 

Two hours to go, never know what may happen. Going into a holiday weekend, this could slow up here.

 

M

Share this post


Link to post
Share on other sites
Out 12218, +38 for the day. Wish I had seen the short earlier, but I will take it for a lackluster day.

 

Just wondering, do you adjust stops to breakeven to below a support/resistance/sma etc, trail your stops, or just leave your trades to hit a profit target or be closed manually? Do you ever look to see if closing your trades manually cuts you out of big profits in the long run, or does it actually act as nifty capital preservation?

Share this post


Link to post
Share on other sites

i'm a relatively new trader and am really impressed with your simple but so effective trading method.

 

do you manually draw the support/resistance lines and the trend lines?

 

do you know where to draw the s/r & trend lines based only on the visual aspect of the chart or is there some other additional bit of info you also use?

 

thanks for sharing your method!

 

bruce

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.