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DOW eMINI (YM)

  • #1
  • First Post: Mar 10, 2014 10:10am Mar 10, 2014 10:10am
Hi All,

Since the forex pairs have been so pathetic lately with daily range, we took a look at the DOW eMini (YM) with the idea to hit it with ONE trade a day as soon as the US market woke up (around 13:30 here in the UK).

The idea being to augment the low forex results with an extra fistful of pips each day. Quite by accident we seem to be making consistently good returns based on our signals.

Anyone else working the DOW eMini?
I'll upload my charts with a bit of annotation. Any questions/comments welcome. (We use a 3 pip RANGE bar setting)
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-03-10 at 14.59.31.png Size: 206 KB
In life you get 3 types of people, those who can count and those who can't.
  • #2
  • Mar 10, 2014 10:12am Mar 10, 2014 10:12am
Here is Thursday's trade. I personally NEVER trade on NFP day. Spreads can knock me out of a good trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-03-10 at 15.06.30.png Size: 249 KB
In life you get 3 types of people, those who can count and those who can't.
  • #3
  • Mar 10, 2014 10:13am Mar 10, 2014 10:13am
And Wednesdays trade. Took a small hit on the first one for a -8 so made up for it on the next 2. I only want 30.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-03-10 at 15.11.33.png Size: 238 KB
In life you get 3 types of people, those who can count and those who can't.
  • #4
  • Mar 10, 2014 10:15am Mar 10, 2014 10:15am
I'll keep going back if anyone is interested. Not going to make work for the sake of it.
In life you get 3 types of people, those who can count and those who can't.
  • #5
  • Mar 10, 2014 10:09pm Mar 10, 2014 10:09pm
Hi,

I also trade the mini dow, usually it gives good pips specially in the new york session, also took today´s short move for 45 pips, are you planning to share or just post your entries?
  • #6
  • Mar 11, 2014 4:31am Mar 11, 2014 4:31am
Quoting blanca
Hi, I also trade the mini dow, usually it gives good pips specially in the new york session, also took today´s short move for 45 pips, are you planning to share or just post your entries?
Morning Blanca,
Not sure what you mean by 'share'? I'll post what I get up to if it interestes anyone with pleasure. It would be hard to call my trades (but I am happy to if there is a way!) as its a quick 30 pips I am after each day within an hour or two.

Suggestions welcome.
In life you get 3 types of people, those who can count and those who can't.
  • #7
  • Mar 11, 2014 4:40am Mar 11, 2014 4:40am
Quoting HedgePiglet
Hi All, Since the forex pairs have been so pathetic lately with daily range, we took a look at the DOW eMini (YM) with the idea to hit it with ONE trade a day as soon as the US market woke up (around 13:30 here in the UK). The idea being to augment the low forex results with an extra fistful of pips each day. Quite by accident we seem to be making consistently good returns based on our signals. Anyone else working the DOW eMini? I'll upload my charts with a bit of annotation. Any questions/comments welcome. (We use a 3 pip RANGE bar setting) {image}...

Hi HP - as you say, trading FX intra day right now is hard work.....some years back I traded YM, ER and ES, so I am happy to take another look and try my current chart setup.....whilst I have used both range bars and pip charts, at present I use just 1m & 5m charts....
Regards
Islander
PS Small world, I used to live in Warwickshire
Trading Levels with WRBs
  • #8
  • Mar 11, 2014 4:53am Mar 11, 2014 4:53am
Quoting Islander
{quote} Hi HP - as you say, trading FX intra day right now is hard work.....some years back I traded YM, ER and ES, so I am happy to take another look and try my current chart setup.....whilst I have used both range bars and pip charts, at present I use just 1m & 5m charts.... Regards Islander PS Small world, I used to live in Warwickshire
Hi Islander!
I laughed, we actually trade ES and NQ at the same time, they tend to track in parallell. Right now with the charts being such cows we clip the ticket as they start their moves for the day. Its a pretty consistent 30 pips which is more than enough for me thank you!

Warks is wet. You're not missing much.
In life you get 3 types of people, those who can count and those who can't.
  • #9
  • Mar 11, 2014 5:33am Mar 11, 2014 5:33am
Since u asked, but daily not intraday.
Attached Image (click to enlarge)
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Master Your Setup, Master Your self. (NQoos)
  • #10
  • Mar 11, 2014 8:03am Mar 11, 2014 8:03am
Me too, I use 1min and 5min for entry and trend, right now in YM there was a long signal at 1.6414, first limit around 1.6325/30 if it breaks that level let´s see how much this gives, I am also after 30 pips per day, sometimes I get them sometimes more, sometimes less depending if the day moves or not. glad to see you all guys here, i´ll try to post charts later too.
  • #11
  • Mar 11, 2014 8:58am Mar 11, 2014 8:58am
Todays trade:
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-03-11 at 13.57.22.png Size: 97 KB
In life you get 3 types of people, those who can count and those who can't.
  • #12
  • Mar 11, 2014 9:14am Mar 11, 2014 9:14am
I took the same short, exactly the same entry, but your exit seems so sharp, taking the whole move, could you explain a little, your exit, not your entire trading method, which could be very similar to mine.
  • #13
  • Mar 11, 2014 9:15am Mar 11, 2014 9:15am
Quoting HedgePiglet
Todays trade: {image}

Nice one ....I need to do some work on my standard 1m chart, but it too showed the potential and I also prefer to wait for the first pull back....bl**dy GJ has been sideways for almost an hour now....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #14
  • Mar 11, 2014 9:19am Mar 11, 2014 9:19am
Quoting blanca
I took the same short, exactly the same entry, but your exit seems so sharp, taking the whole move, could you explain a little, your exit, not your entire trading method, which could be very similar to mine.
We are forex traders primarily, but with forex being a little cow recently we use a handful of eMini's to 'prop' our trading. At the moment the Dow gives up two or 3 x 30(ish) pip moves in the opening while the markets work themselves out. Its a brutally technical system and all we want is 30 pips. Once we hit it, we play golf. (well, not really but you get the idea).
In life you get 3 types of people, those who can count and those who can't.
  • #15
  • Mar 11, 2014 10:17am Mar 11, 2014 10:17am
For those interested, here is YM (DOW eMini) and ES (S&P eMini) alongside one another. The 'tick' value on ES is in quarter points. Smoother than any of the FX pairs at the mo.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-03-11 at 15.14.32.png Size: 242 KB
In life you get 3 types of people, those who can count and those who can't.
  • #16
  • Mar 11, 2014 10:52am Mar 11, 2014 10:52am
Can you tell me, what kind of strategy do you use for trade these ?
It's really new for me.

Thanks.
  • #17
  • Mar 11, 2014 10:53am Mar 11, 2014 10:53am
Thanks for your images, they look nice, we all are looking at the same charts I guess. It would be nice if you could post them before your entries as It is always easier to see the moves after everything is over and you´re right today is a smooth day, not everyday is like that, choppy days also exist in dow. I understand your system is brutally technical, we are all in a technicals.
  • #18
  • Mar 11, 2014 11:04am Mar 11, 2014 11:04am
Quoting blanca
Thanks for your images, they look nice, we all are looking at the same charts I guess. It would be nice if you could post them before your entries as It is always easier to see the moves after everything is over and you´re right today is a smooth day, not everyday is like that, choppy days also exist in dow. I understand your system is brutally technical, we are all in a technicals.
LOL - that is called a Signal Service....
Trading Levels with WRBs
  • #19
  • Mar 11, 2014 11:19am Mar 11, 2014 11:19am
Not a signal service, but what is the purpose to make calls after the fact, I mean we all can post charts saying hey I banked 1 million pips and in the first post he wrote, all questions or comments are welcomed, so just did, maybe should have posted no questions please, no comments its just me posting charts after the fact like right now there is a clear short, probably will appear a chart signaling the short, his charts are lovely and dont doubt he could take those signals just we all take them, so what is the purpose.
  • #20
  • Mar 11, 2014 11:23am Mar 11, 2014 11:23am
Hi blanca,
I subscribe to a signal service which fires when my particular variables are met. Personally I find it to be very accurate. But, there is no way I can see the signal, cut the signal and then paste it in here and post it within the sort of time necessary to make it accurate. What I was thinking in this thread was to invite traders to look at the dow emini and test their strategies on it and discuss. My signals don't 're-print' though so I can't mould them after the fact.
In life you get 3 types of people, those who can count and those who can't.
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