Here is the way i daytrade the Emini-YM

This is a discussion on Here is the way i daytrade the Emini-YM within the Discretionary Trading forums, part of the Methods category; Originally Posted by clicksta Bnaimy Do you take trades when the 10min stoch is overbought or oversold, but still pushing ...

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Old Nov 13, 2008, 2:33pm   #421
 
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Originally Posted by clicksta View Post
Bnaimy

Do you take trades when the 10min stoch is overbought or oversold, but still pushing in the desired direction or is this too risky?
WHen its getting either oversold or overbought, i will be extra carefull and look for any indications of that the lines are getting closer, i would also like to see that there is some spacing betwen the lines and that its pointing faily in a clean direction.

If therer is little spacing and they are almost glued together and are pointing more sideways then down or up, i will stay out, in those cases it can turn on you pretty fast.

So i do still trade it when its either oversold or overbought, but i want the 10min stoch to be in a clear direction, not sideways or to to little spacing.

When there is little spacing betwen the lines, that means there is little momentum and price is not really going anywhere.

With regards
Bashir Naimy
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Old Nov 13, 2008, 2:34pm   #422
 
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Originally Posted by WillemDrees View Post
This is just a function of the trailing-stop, i enter the price-change and stop-change in the bracket params. So it's automatic up +14 for every price up of 10 ticks. So i'm surpised your autobracket works on the first sell instead of the 10 ticks up.
But these automated bracket orders are fantastic and a very good reason for me to leave options and get into the e-minis.
Ahh i get you now, its called auto trailing, i do have that funktion, never used it though.
Gonna give it a try today and see how that works.


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Old Nov 13, 2008, 3:19pm   #423
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Hi Bnaimy

Thankyou for yesterday trading pics. Very good of u to spend the time helping other traders.

Good trading 2day m8
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Old Nov 13, 2008, 4:21pm   #424
 
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Hi Bnaimy

Thankyou for yesterday trading pics. Very good of u to spend the time helping other traders.

Good trading 2day m8
waitin for a pullback right now, hopefully iwill get it
Good trading to you to m8

With regards
Bashir NAIMY :d
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Old Nov 13, 2008, 4:30pm   #425
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Switched over to trading simulator at the moment.

Took a short at 10O'clock and got my ass kicked. Trying to buy @ 8345
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Old Nov 13, 2008, 4:42pm   #426
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Switched over to trading simulator at the moment.

Took a short at 10O'clock and got my ass kicked. Trying to buy @ 8345
Ditto. Also took a long at 10:30, made first target and then stopped out = +5

high volatility i guess
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Old Nov 13, 2008, 4:44pm   #427
 
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bnaimy started this thread Got my retacement, butgot out with +5 ticks, looks like its alot of sideways action, and while im in the damn 10min could turn on me ,and it loks like it will go down now

Not many good trades so far

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Old Nov 13, 2008, 4:46pm   #428
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Switched over to trading simulator at the moment.

Took a short at 10O'clock and got my ass kicked. Trying to buy @ 8345
At 10.18 when 8348 was hit you would of got your target.
I got in at 8296 when it broke the resistance a few minutes before and made +15 +45
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Old Nov 13, 2008, 4:53pm   #429
 
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FTSE choppy as anything today. "Would" have made 4 winners 2 losses, but not many pts overall.

UTB
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Old Nov 13, 2008, 4:54pm   #430
 
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At 10.18 when 8348 was hit you would of got your target.
I got in at 8296 when it broke the resistance a few minutes before and made +15 +45
I hear you m8, i am going over to my normal stochastics,seems like the whilders moving average is to slow to indicate turnaround.

SO backto mygood old slow stochsatics with simple moving average

havent had any losses yet, thank god

WIth regards
Bashir Naimy

ps: i suggest everyone else to go back to simple moving aveage on the slow stochastics, whilder's is ok , but seems to be way to slow.
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Old Nov 13, 2008, 4:56pm   #431
 
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Switched over to trading simulator at the moment.

Took a short at 10O'clock and got my ass kicked. Trying to buy @ 8345
I dide that as well, and got my +15 and stopped on second, what dide you do ?

I bought at the 50expon ma, since 3min wasup and only 10 was down, 30 was going up

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Old Nov 13, 2008, 4:58pm   #432
 
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Ditto. Also took a long at 10:30, made first target and then stopped out = +5

high volatility i guess
Seems like marked is rocketing in one direction and then move around and rocket to another side, and is not giving any pullbacs almost, so not loking good, mabe it will calm down after the lunch time.

WIth regards
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Old Nov 13, 2008, 5:01pm   #433
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waitin for a pullback right now, hopefully iwill get it
Good trading to you to m8

With regards
Bashir NAIMY :d
Hi Baishir

How many points in front of the 15 EMA do you place your order ?

Best
Tony
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Old Nov 13, 2008, 5:02pm   #434
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thanks to bnaimy for this system,
anyone implemented on forex. eur/usd specifically?
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Old Nov 13, 2008, 5:07pm   #435
 
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Hi Baishir

How many points in front of the 15 EMA do you place your order ?

Best
Tony

Around 5 ticks,but if the 3min is going down then i try to buy right on it.
Today have not been a good though .

WIt regards
Bashir Naimy
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