Good call Lilmoe on the long. The market did a 180.
- #143
- Aug 14, 2008 3:57pm Aug 14, 2008 3:57pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Short @ 11650 & closed @ 11600 this afternoon. 50 point profit
why not come and say ,, . .entering ym at at 11*** breakout because of .... instead of just saying short 50 pips profit after it happens.
I did go long for 190 points this morning and then was done for day . Was busy in the trading room so could not post in forum.
100 points on a breakout of the 15 min open range with a bull div on rsi.
then breakout t of 11600 to 11645 , then when that slight bearish div on 5 min rsi and spike just before the big drop for another 40 pips. some members in this forum were in my trading room and can verify all calls .
forex trading sucked for me today -40 pips ...
Blogging daily now at www.volume.zone
- #144
- Aug 14, 2008 6:26pm Aug 14, 2008 6:26pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
why not come and say ,, . .entering ym at at 11*** breakout because of .... instead of just saying short 50 pips profit after it happens.
I did go long for 190 points this morning and then was done for day . Was busy in the trading room so could not post in forum.
100 points on a breakout of the 15 min open range with a bull div on rsi.
then breakout t of 11600 to 11645 , then when that slight bearish div on 5 min rsi and spike just before the big drop for another 40 pips. some members in this forum were in my trading room and can verify all calls .
forex trading sucked for me today -40 pips ...
that long got me a bit scary, lol, but i managed to lock 150 pips, and still holding some longs with SL moved to +30 pips
the rising channel i posted earlier turned out to be nice.
by the way malcomb. do u agree that this channel is a bearish flag with a massive poll? i mean when it's broken downwards, we might have another MASSIVE move down
- #145
- Aug 14, 2008 6:44pm Aug 14, 2008 6:44pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
oh come on, it wasn't that bad
that long got me a bit scary, lol, but i managed to lock 150 pips, and still holding some longs with SL moved to +30 pips
the rising channel i posted earlier turned out to be nice.
by the way malcomb. do u agree that this channel is a bearish flag with a massive poll? i mean when it's broken downwards, we might have another MASSIVE move down
it is a bear flag however i do not swing trade the Ym .. only day trade it.
Blogging daily now at www.volume.zone
- #146
- Aug 15, 2008 2:35am Aug 15, 2008 2:35am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
it is a bear flag however i do not swing trade the Ym .. only day trade it.
but i really would suggest a swing trade every now and then. sometimes it is worthwhile. u might not have the time, but, a small percentage of your account wouldn't be heavy damage. there are apparently obvious moves every now and then, and waiting for this to reach the upper TL would be a very easy short with lots of pips and a relatively tight SL.
not telling u what to do, only suggesting
- #147
- Aug 15, 2008 6:35am Aug 15, 2008 6:35am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
i'm pretty sure u know what u're doing
but i really would suggest a swing trade every now and then. sometimes it is worthwhile. u might not have the time, but, a small percentage of your account wouldn't be heavy damage. there are apparently obvious moves every now and then, and waiting for this to reach the upper TL would be a very easy short with lots of pips and a relatively tight SL.
not telling u what to do, only suggesting
day trading ym with open range breakouts works just fine for me ...lol... the thing is with the ym you never know what she is going to do . It is not like currency . Yesterday was a 200 point day for me ... did not trade the down move. Typically I am getting 100 - 150 out of ym with my best day so far at 400 ... so who really needs to swing trade ?
Blogging daily now at www.volume.zone
- #148
- Aug 15, 2008 10:05am Aug 15, 2008 10:05am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
day trading ym with open range breakouts works just fine for me ...lol... the thing is with the ym you never know what she is going to do . It is not like currency . Yesterday was a 200 point day for me ... did not trade the down move. Typically I am getting 100 - 150 out of ym with my best day so far at 400 ... so who really needs to swing trade ?
in addition to day trading, i don't mind the extra money
i treat swing trades as separate trades. i may day trade agains them. i don't call that hedging though, only "different" trades.
- #151
- Aug 18, 2008 12:40pm Aug 18, 2008 12:40pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Did anyone catch the breakout to the downside this morning? Caught me another 50 points.
only 50 .. as i said before after the fact means nothing .. please something of use
Blogging daily now at www.volume.zone
only 50 .. as i said before after the fact means nothing .. please something of use
It is nice to see others trading futures intraday. Thanks for the thread.
- #153
- Aug 19, 2008 1:52am Aug 19, 2008 1:52am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #154
- Aug 20, 2008 2:44pm Aug 20, 2008 2:44pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #155
- Aug 25, 2008 6:06am Aug 25, 2008 6:06am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
oil was a very easy short at 121.5-122 i'm sure most of u guys got it...
there was a clearly visible falling wedge on the daily chart, which could either signal reversal or just a retracement.
right now i'm expecting this to reach 116.5 max then drop down again, we might see this this coming NY session. this can also be called a daily 5sma retracement. i would be more positive on it's downwards continuation if we close below daily gann.
there's also a weekly TL (Bottom), i'm expecting another bounce from there if we get there. however, if broken? this might be a mid/long term reversal for oil and a huge pump for USD causing most other currencies to massively change course from an uptrend to a downtrend and vice versa... i'm saying this becaue oil has been the major driver of the market since it broke the 100$ level.
time will tell...
there was a clearly visible falling wedge on the daily chart, which could either signal reversal or just a retracement.
right now i'm expecting this to reach 116.5 max then drop down again, we might see this this coming NY session. this can also be called a daily 5sma retracement. i would be more positive on it's downwards continuation if we close below daily gann.
there's also a weekly TL (Bottom), i'm expecting another bounce from there if we get there. however, if broken? this might be a mid/long term reversal for oil and a huge pump for USD causing most other currencies to massively change course from an uptrend to a downtrend and vice versa... i'm saying this becaue oil has been the major driver of the market since it broke the 100$ level.
time will tell...
- #156
- Aug 25, 2008 6:27am Aug 25, 2008 6:27am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
ok, now for YM...
as far as oil is going, YM and OIL looked like they have a reverse relationship in the past period of time.... however, that might not be the case if oil is in ranging mode.
we have 2 mid-term possibilities for YM:
1) a full 50% retracement of may's fall from 13000 to 10800
2) or it might start heading down for a fall that may or may not stop at july's low.
we are currently at a 61.8 fibo fan, and stuck there. this might either bounce back or break it to go to the upper tl of a bearish flag we have on the dailies...
ps: don't worry about those 2 spikes i have on my charts, it's just broker BS...
chart:
as far as oil is going, YM and OIL looked like they have a reverse relationship in the past period of time.... however, that might not be the case if oil is in ranging mode.
we have 2 mid-term possibilities for YM:
1) a full 50% retracement of may's fall from 13000 to 10800
2) or it might start heading down for a fall that may or may not stop at july's low.
we are currently at a 61.8 fibo fan, and stuck there. this might either bounce back or break it to go to the upper tl of a bearish flag we have on the dailies...
ps: don't worry about those 2 spikes i have on my charts, it's just broker BS...
chart: