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After our conversation today, you are probably going to think I'm crazy but if tomorrow was like today, I will take a crack at it. Your right about no reference points with the pivots. However, I did notice that the YM's kept to a descending intra day downtrend, thats be appearing more frequently since the daily trend line break, that was confirmed at 10:01am and confirmed broken at 11:52am for about 50 points. I've posted a chart and will re-post this in a new thread in the Charts forum.

Be careful with the old contract. I got cought once with the old contract, the spread can be troublesome.

LOL, TinGull, if your like me, when the Big Guy upstairs says it's time, they are going to find us slumped over our trading platform.The only way for a trader to die is at his workstation in a winning position. ( Just make sure you have your stops in place )

Rollover day is on Thursday 7th December 2006. That means we are rolling over to the H series emini's Check out these threads to better understand rollovers. Day Trading Forum - Rollover - Quick Facts & FAQs

I'll be there. I have a few ideas from personal experience that I like to share.

Hello guys. SoulTrader. I thought I ask this question here so others could also get the info. Is there a website where I can obtain the daily, weekly, ands monthly HI/LO/CLOSE. for the index futures? Thanks in advance.

1. Hold to your stops. 2. Set a loss limit on the day. Mine is to stop trading after losing $200 for the day. 3. Don't try to "make as much as you can". Unless you have a well proven trade plan. More often than not you'll end up giving it back at the end of the day. 4. Set a profit target on the day. Start with $100 and slowly increase from there as you get better with your trade plan. 5. Protect Profits! As you become profitable as the day goes. Try trading less size, which in turn will give less chance of giving back all or most of your profits by the end of the day.

I have learned a lot about trading the Dow mini futures (YM) on this site and from SoulTrader. I like an opportunity to give back. After watching, for a number of months, the way the YM futures react to the PPI and CPI, it became clear to me that this was a trading opportunity. The strategy is simple quick and should appeal to expert and novice alike. The numbers come about at 8:30 AM once about every middle of the month. Start watching the YM's ten to fifteen minutes before the announcement if you aren't already watching pre-market. Although I don't really care how the pre-market is behaving before. Then around 15 seconds before the announcement (8:29:45) Place and buy order 10 ticks above and sell order 10 ticks below the last price. If you do this earlier, you risk getting an early fill and possible in the wrong direction. Be ready, as soon as you get filled, you MUST put your exit strategy into action. This is traders choice. For me, I exit my first partial like one would play the OPG ( opening only plays), I sell partial at the first sign of weakness and set balance to break even. You have just locked in profit. As the trade progresses, just partial out. I have played this strategy the last four months with 100% profitability so far. Here are a few rules to consider. 1. Since I consider this an uncontrolled trade meaning there is no setup, target, or defined stop loss level, put on a smaller position size that you normally would. At least until you reach your comfort level. Because the those numbers come out, the market will become a loose cannon in the early going. 2. Leave the other unfilled order from your bracket in place, until you have your own stop strategy in place ( i.e. if your buy is filled, keep the sell order, if sell is filled keep your buy order ). The reason for this is what I said above, the market can whipsaw against your position. 3. Let your profit run. When the cash market opens, I've seen some very nice continuation in the direction the PPI and CPI had set the market in. 4. You should see a nice pop in price, >10 - 20 or so points in the money in the first few seconds. If you see a sluggish response, 10 points or less, be ready to exit b/e the trade may go against you sooner. Though my exit is the same. Book half and and place balance at break even. 5. Don't try this with the FOMC Announcement at 2:15 pm. The whipsaw can be much more violent and you can get ripped really bad. Better to wait for the market to settle and look for an entry later. Give it a try and let me know what you think. Any and all thoughts welcome.

I'll be there , I can get in by 9:30am.

Hi Soul, In your second video...when the Ym was between the VAL and the PP cluster is where I went short and got slapped. If you weren't in a long position, your have shorted here too?

When using the pivot calculator, in what time frame do I include the Hi/Low Close on the YM's? i.e. from 930am to 4pm?

Hi Soul, If you look at the TM chart from todat at 10:47 am you see two candle bars with equal size tails at the value low pivot befoe the day long revesal. I post the chart if I knew how. You also see another tweezer earlier at 10:06am. They are usually significant after a bit of a run in price and could signal a change of trend. Especially when they occur in conjunction with other signals. Hence, the pivot points. Bill

Question concerning Pivot and retracements. As the strategy dictates, you want to wait for a retracement to the pivot before entry. Whould a candlestick pattern Tweezer Tip formation , as seen on the YM chart today 9/25/2006 at 10:47am be considerd a pivot test and then retracement on the next bar. In this particular instance, the YM never looked back, it just kept going.

A picture is worth a thousand words.

I liked this video, This is definetly a strategy I can understand and apply.