Here is the way i daytrade the Emini-YM

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Old Oct 6, 2008, 8:40pm   #9
Joined Aug 2008
Any specific reason you trade the YM and not ES?
Is is the margin rate or do you feel more comfortable with the Dow?
Just starting out in trading and am trying to find my way.
thanks
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Old Oct 8, 2008, 11:19pm   #10
 
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Originally Posted by the blades View Post
Thanks for posting this bnaimy.

Dumb question time (sorry options!)

You refer seperately to a 144tick chart, then a minute chart. Further, you refer to a 89 and 15ema of this chart.

I presume you meen 15 and 89 of the tick, not minute?


Thanks in advance,

UTB

Hi blades, sorry about the confussion, i wrote something wrong there.
There is no 1min chart, what i was trying to refer to was the 144tick chart.

On a 144tick chart i have a 89exponentioal moving average and a 15exponential ma.
And one the 10min and 30 min and 3min charts i have only 20exponetial moving averages to show me places of resistance and support.So what you though was 100% right.

Sorry again for the confusion, but the trading method have been working very well for me,my hitrate with this is almost 95%. The only times i get stopped is when i am not following the rules and not paying attention to all the charts and get glued to one chart.

With regards
bashir naimy
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Old Oct 8, 2008, 11:24pm   #11
 
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Quote:
Originally Posted by jimbob42 View Post
Any specific reason you trade the YM and not ES?
Is is the margin rate or do you feel more comfortable with the Dow?
Just starting out in trading and am trying to find my way.
thanks
Hi Jimbob42, i trade the YM cause of the margin rate.Other thing is that i need
make my psycology strong enough to handle the bigger losses that could be had in
the ES.Each ES is worth more and,so profits are higher but then again gains are higher.

But i would recooment new traders to start with YM, its easyer to learn and not blow ur account with. I highly recommend u find a broker that can provide a simulator account that u can test ur stategy with, no point in risking money to test things out in realtime.

Just something from my own experience, but just start out slow with small size and work your way up, and always use stops and have a solid plan, and stick to it. THats the best advice i can give you, If u can do that,then u will become the 10%-5% that makes it in this proffession.

With regards
Bashir Naimy
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Old Oct 9, 2008, 10:43am   #12
 
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Hi Bashir

Another silly question I'm afraid:

Any times of day you prefer to trade this? Any times you stay out?

Just wondering - if you live in Norway, then there is obviously a time discrepancy.
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Old Oct 9, 2008, 11:43am   #13
 
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thanks for the clarification Bashir.

A further question if I may - typically, how long are you in each trade and how many trade opportunities per day are there?

UTB

Last edited by the blades; Oct 9, 2008 at 12:26pm.
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Old Oct 9, 2008, 1:39pm   #14
Joined Feb 2008
How long have you been following this methodology ?

What's your average return & what are the drawdowns ?
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Old Oct 9, 2008, 3:21pm   #15
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Thanks for the info.
Have been using a simulator for a month or two to find one that I can easly work with. The concept of trading seems basic but the emotional part, when your own money is on the table, is where it can get exciting.
Not going into this business to get rich but if in time I can pull a few $s out from time to time I'd be happy

Thanks and I enjoy your posts
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Thanks! The following members like this post: mr.marcus
Old Oct 9, 2008, 9:49pm   #16
 
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Quote:
Originally Posted by Gumping View Post
Hi Bashir

Another silly question I'm afraid:

Any times of day you prefer to trade this? Any times you stay out?

Just wondering - if you live in Norway, then there is obviously a time discrepancy.
Hi Gumping, i trade when the markeds open usa time 09:30 and until 15:30 usa time.
SO i am basicly trading in marked hours, i dont trade after close or before.

SO basicly that means for me that i am sitting and trading from Norwegian time 15:30 until 21:30.

With regards
Bashir Naimy
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