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YM Analysis


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YM Analysis

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  #1 (permalink)
Michigan
 
Experience: Intermediate
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Posts: 155 since Jun 2009
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I see threads for all other index futures like ES TF NQ except YM
I would like to start a thread dedicated to YM as it deserves a separate thread.
I will be posting my analysis trades etc based on probabilities.

I am wrong lot of times so please take my posts with grain of salt.
I invite all traders with interest in YM to participate.

This is what I am expecting today

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  #3 (permalink)
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still think it is setting up for a long
so far this is what happened

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  #4 (permalink)
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For last friday, it never broke the downtrend line, longs never happened.

For today it could bounce back to 18160 to 18170, sell off from there to 18000 or lower to S3 17900


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  #5 (permalink)
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Ok that scenario didnt work out
Here is what I am looking at right now

2016-09-26_1059 - vk79's library

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  #6 (permalink)
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One more push down?

2016-09-26_1308 - vk79's library

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  #7 (permalink)
Michigan
 
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For today there I think there is a high probability of breaking down to reach S1 and then S2.

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  #8 (permalink)
Chicago IL USA
 
 
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The YM is definitely a good market to trade although it's typically overshadowed by the ES (trading volume in the YM is about 10% of the ES).

Prices are currently up 120 points today but I think we need to be careful coming into the presidential election. I think as we get closer to November 8th, we might see some panic in the markets.

I'd keep an eye on the VIX as well.

I'd normally recommend some futures option strategies too but unfortunately, there is very little trading activity in the mini Dow options.

Best wishes,



Joe

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  #9 (permalink)
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Thanks Joe.

For today I am looking for a test of R1 and then drop


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  #10 (permalink)
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went close to R1, broke thru wedge
After a retrace back to 135(200 EMA) to 145(VWAP) it will start its down move

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  #11 (permalink)
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Short setup
2016-09-28_1207 - vk79's library


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  #12 (permalink)
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Yesterday it broke the downtrend line and then shot up which I was not ready for.

Today I am expecting a bounce from 200 ema which is around 18158 area.


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  #13 (permalink)
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Setting up for a short


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  #14 (permalink)
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It is still in triangle

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  #15 (permalink)
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5 min setup

2016-10-03_1016 - vk79's library

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  #16 (permalink)
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vk79 View Post
It is still in triangle

I agree...prices look like they want to head lower.

Joe F.

Insignia Futures & Options

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  #17 (permalink)
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Still in damn triangle
Now going back up.. breakout is going to happen. Question is when


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  #18 (permalink)
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Decision time

2016-10-05_1011 - vk79's library

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  #19 (permalink)
Montreal quebec
 
 
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It looks like a false breakout actually.

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  #20 (permalink)
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I like to keep an eye on all the equity indexes together for keys and I'm not see much of a tell anywhere.


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  #21 (permalink)
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My educated guess is YM is poised to break upwards


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  #22 (permalink)
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It went for the lower trend line and bouncing
Triangle working like magic


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  #23 (permalink)
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We are out of the big triangle and travelling up.

I am expecting a break of the down trend line and goto R1 at 331 high probability, R2 at 400 low probability



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  #24 (permalink)
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Thanks for posting your experiences trading YM.

I am wondering how you chose to trade it. What are the advantages and drawbacks you have found trading it? It seems to have the volatility and volume and the margin requirement is a bit lower than the ES - leaving more room to trade.

I am a newbie and am looking at getting trading experience first with the YM. All my trading prep is based on that plan. I have seen recommendations for practicing the the M6E, but, from what I gather it is busiest when I should be sleeping.

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  #25 (permalink)
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bump. I would enjoy hearing more on the YM as well. Thanks,

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  #26 (permalink)
Fletcher NC
 
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i do not know why more people do not trade the ym. they should ..it trades in 10-ths less slip-age..not has many stop hunting algos..the price does not leak through levels as bad as the es.. only 30 stocks so you can use a heat map easy// the stocks are traded by humans more so..so the index trades more stable ..

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