Hi guys,

I noticed YM seems to swing in 1-4 weeks trends.

Have anyone tried this?

I was thinking of a daily chart for entry and a weekly chart to confirm direction.

Would that be too long? Or a 4h chart for entry would be better?

Also, what would be suggested to look out for?

Azrael 

Hi guys, I noticed YM seems to swing in 1-4 weeks trends. Have anyone tried this? I was thinking of a daily chart for entry and a weekly chart to confirm direction. Would that be too long? Or a 4h chart for entry would be better? Also, what would be suggested to look out for?

Your question is impossible to answer as you've not provided enough detail.

"Would that be too long"? Too long for what?

I certainly encourage swing trading over day trading, especially if you do not already have a consistent track record of profits over several years.

Simply size yourself accordingly. Trading YM futures might be too big depending on your account size, and you could instead start with ETF's for example.

I covered this here in detail:

https://nexusfi.com/webinars/jan14_2012/where_to_start_part_1/

Mike

Big Mike 

Your question is impossible to answer as you've not provided enough detail. "Would that be too long"? Too long for what? I certainly encourage swing trading over day trading, especially if you do not already have a consistent track record of profits over several years. Simply size yourself accordingly. Trading YM futures might be too big depending on your account size, and you could instead start with ETF's for example. I covered this here in detail: https://nexusfi.com/webinars/jan14_2012/where_to_start_part_1/ Mike

My bad.

I was referring to an entry chart of daily bars for a position that lasts 1-4 weeks. Would that duration be considered to imprecise?

What is your suggested account size for a YM contract then?

Sure will have a look once I get off work =)

Azrael 

My bad. I was referring to an entry chart of daily bars for a position that lasts 1-4 weeks. Would that duration be considered to imprecise? What is your suggested account size for a YM contract then? Sure will have a look once I get off work =)

Roughly 20K per contract. I use daily bars for swings that last 4 weeks.

Mike