fxtrader66
Long

YM breakout trade

90 14 1
Go long on the YM above the .618 and 2/1 tp1 at 15454, go long again on the breakout of the 8/1 above 15454
alex.a
3 years ago
What is YM? Is it a name of stock?
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fxtrader66 alex.a
3 years ago
dow futures or us30 cfd
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alex.a fxtrader66
3 years ago
Oh, where can I trade then?
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fxtrader66 alex.a
3 years ago
for the YM a futres account.. outside of the USA you can trade the us30 through a fx account
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alex.a fxtrader66
3 years ago
Hey, by the way did you see the rally of XAUUSD today? I missed. Why it always happens when I am away or busy in doing something else... ><
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alex.a
3 years ago
This is very difficult to read Mr. Puerto. Go long(=buy) if the price goes above 0.618 (=15314.20) and take profit at some point and then when it breaks out again at 8/1 (where is it? I see 8/1 at the bottom and at the leftest one from top to bottom direction)? Also, what does it mean 2/1 tp 1??? Thanks in advance -
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fxtrader66 alex.a
3 years ago
with the spx at near all time highs, this might not work out. The thought is if the 61.8 breaks it could go to the next level of resistance, plus its over the 100 point handle rule, (make a 100 points, take profit - tp) the 2/1 is a gann fann level
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alex.a fxtrader66
3 years ago
100 - take profit rules - Aha - I see.
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alex.a fxtrader66
3 years ago
Do you also keep this rule for XAUUSD? 100 pts handle rule?
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fxtrader66 alex.a
3 years ago
No the 100 point rule is for the spx. Gold likes to test former resistance as support and vice versa.
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fxtrader66
3 years ago
I am not going to take this trade anymore since the SPX is at all time highs on a friday, I would prefer to buy on a pullback.
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alex.a fxtrader66
3 years ago
such a wise decision - very prudent when the entry point is decided, which I am not good at it. I have been rushing and losing ... cycle again and again... But, I am recovering, though -
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fxtrader66 alex.a
3 years ago
With the indices, it is important to not chase price, wait for price to come to you.
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alex.a fxtrader66
3 years ago
Wow, wait for price to come to you. by Mr. Puerto
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