Emini BB: Last 35 Posts

dlats on "YM trading tips"

dlats — Mon, 13 Nov 2006 22:39:26 +0000

I've been experimenting with a breakout technique that seems to work quite well. It was suggested by Neal Hughes aka the FibMaster. You can get the free original video here by signing up for the free lesson. I have interpreted his technique for trading breakouts on YM. I mainly use a three minute candlestick chart. When there's a valid breakout ( a close above/below the last swing high/low), switch to a one minute chart and wait for the the previous swing high/low to be tested by a retracement. Then enter when price reverses from this level. If it retraces deeper than the last swing high/low, then don't take the trade. The action was probably just stop running by the big boys. The stop can be just 2 ticks below/above the last swing high/low. The target is 1.62 times the last leg. The Fibonacci calculator will that for you.

dlats on "Fibonacci Confluence and Expansions"

dlats — Mon, 13 Nov 2006 19:31:23 +0000

If you experiment with the latest version of the Fib Calculator, you will see that I have added retracement confluence and two ways of projecting targets for the latest move. If the first retracement is 38%, the two target methods yield the same result. Furthermore, if the price hits the target, the two confluence points are the same. So 38% and 62% are more important than it seems at first glance.

dlats on "YM trading tips"

dlats — Thu, 09 Nov 2006 21:58:51 +0000

We'll use this topic to discuss some of the tips for trading YM.