Day trading the YM

[N Rothschild]

had to go out, looks like i didnt miss much..hopefully take somin into the closing bell

 

[N Rothschild]

short target 7933

 

[N Rothschild]

closed +10 run out of time obviously not gona get a sell off into the futures close..

 

[N Rothschild]

39 points for today which is $195 per contract. not bad, bit slow today tho!

 

[N Rothschild]

short target 7940

 

[N Rothschild]

stopped out -25, not a good start..price action is a bit **** today was even tempted to pass on that setup! moving on..

 

[N Rothschild]

dont think today is going to present many opportunity's looks like there is institutional buying going on because of the consumer confidence

 

[N Rothschild]

short target 7980 (taking ages to post)

 

[N Rothschild]

target hit +25

 

[N Rothschild]

long target 8014

 

[N Rothschild]

target hit +30

 

[N Rothschild]

short target 7953

 

[N Rothschild]

hmm not liking that spike up lets see what happens..

 

[N Rothschild]

stopped out -25. tbh every loser so far has been a less than perfect setup, every winner has been picture perfect set up..need to clean it up a bit! anyway time for the football +5 for today woooooo lol

 

[viclondon]

Very interested in this thread as I also daytrade the YM, but you seem to be much more experienced than me.
Many thanks for the effort.
A couple of questions:
- Is it possible to have some idea of your strategy? If for some reason it is a secret I understand.
- You were talking about a lot of institutional buying yesterday. How do you find that out?
- Do you use pivot points at all?
Thanks

 

[N Rothschild]

sorry just got to my pc, probably wont be any calls today because of FOMC. i do expect the markets to rally after

 

[N Rothschild]

Very interested in this thread as I also daytrade the YM, but you seem to be much more experienced than me.
Many thanks for the effort.
A couple of questions:
- Is it possible to have some idea of your strategy? If for some reason it is a secret I understand.
- You were talking about a lot of institutional buying yesterday. How do you find that out?
- Do you use pivot points at all?
Thanks

institutional buying is where large funds start buying shares up due to some good news etc (like yesterdays consumer confidence). when this happens the markets loose there ussual rhythm and just keep rallying despite being majorly oversold etc. To be fair yesterday did level off but the first hour or 2 it was looking this way

 

[viclondon]

Very interesting, thanks

 

[N Rothschild]

i will buy a significant break of 8140 on FOMC as a more swing trade not my ussual setup (watch me loose it all!)

 

[N Rothschild]

short target 8010