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Questions on Position Trading for YM
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Questions on Position Trading for YM

  #1 (permalink)
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Questions on Position Trading for YM

Hi guys,

I was wondering about position trading on YM.

Most threads for index futures here are of day trading or shorter time frames.

I am looking for a period of maybe 3-6 months.

A friend told me to start looking at Macroeconomics in form of news and fundamentals.

Any ideas where to start off? (Books, etc?)

Az

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  #2 (permalink)
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  #3 (permalink)
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I do play indexes on a long term basis, YM but also NQ and ES.
I use the monthly, weekly and daily charts for this, and my technical analysis uses the same techniques that I would use on intraday minutes, ticks or volume charts...

I don't think you would need different methodologies compared to day trading, only your risk management and position sizing would differ to accommodate the wider swings of higher time frames.

That's of course if you want to restrict yourself to technical analysis.
But if you wish to venture in fundamental analysis, I highly recommend you read the book "Security Analysis" from Benjamin Graham.

Successful people will do what unsuccessful people won't or can't do!
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  #4 (permalink)
Elite Member
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Fadi View Post
I do play indexes on a long term basis, YM but also NQ and ES.
I use the monthly, weekly and daily charts for this, and my technical analysis uses the same techniques that I would use on intraday minutes, ticks or volume charts...

I don't think you would need different methodologies compared to day trading, only your risk management and position sizing would differ to accommodate the wider swings of higher time frames.

That's of course if you want to restrict yourself to technical analysis.
But if you wish to venture in fundamental analysis, I highly recommend you read the book "Security Analysis" from Benjamin Graham.

That's what I am worried about, longer timeframes has larger swings, that's why I looked into FA.

Thanks for the input, will have a look! =D

Any more suggestions?

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  #5 (permalink)
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sasqatchuanville
 
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I trade the YM intraday and on occasion I'll hold for a period of a few days or even weeks. Typically the only time I'll hold is if we have hit a significant support/resistance zone with a clean rejection. I also like if the Transports are in a trend with my trade. If on the daily or weekly charts we're an important zone I'll drill down to anywhere from a 5 minute to a 60 minute chart to look for an entry to keep my risk small.

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  #6 (permalink)
Elite Member
Jurong Singapore
 
Futures Experience: Beginner
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Posts: 72 since Jul 2012
Thanks: 39 given, 7 received

Thanks for the answers guys.

Just curious, other than US news what other news do I have to look out for?

China news? EU news?

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