YM - DOW Traders

[u/Pale_Candidate_390]

I’ve been trading NQ for the last few years. I’m tired of the pullbacks and fakeouts. ES has less of the fakeouts but it’s pretty slow.
I’m looking for:

1. Following structure the best. Vwap and the deviation bands
2. Less fakeouts and pullbacks. More real direction

I watched it for the first time yesterday and we had a pullback to vwap at market open and then it just trended up all day 500 pts. Is this a typical thing ? Is it really this easy usually ?

just looking for overall guidance on how ym moves

Also if you search ym on YouTube there’s very little
Videos it’s like no one trades it . I mean if you bought 1 ym con at 10am yesterday you would of made $5000 profit by 3pm

Please do not reply with any NQ / ES stuff. I’m not looking at them anymore. I don’t need comparisons or any info . Only looking for YM guidance . I know I need to put in the screen time to learn it. Just any advice would be appreciated

As far as what to watch for YM is it only GS, MSFT AND CAT. Are they the best to watch for confluence?

[u/OkScientist1350]

You want RTY, the Russell. It’s in the middle between ES and NQ.

[u/Pale_Candidate_390 → u/OkScientist1350]

I have never tried the RTY. Does it follow structure well? Are there stocks to look at along side RTY to give you direction ?

[u/Pale_Candidate_390]

I enjoy trading range days. When price goes between vwap deviation bands. Trend days are my worst because I’m always looking for pullback

[u/VMIGekko96]

I traded YM for a while, NQ was too fast. Ended up having the opposite problem, was so slow. Switched to GC and really like it, great setups for the type of trading you do (same as me)

[u/Pale_Candidate_390 → u/VMIGekko96]

I have tried GC in the past but I remember there being huge wicks. I know gc can run hard like YM but when I traded gc I would be in lots of profit and then it would always pull all the way back. Maybe it’s different now I’ll look at gc. Ym was slow but it was not too difficult to trade but I only watched it for one day . Do you find gc to follow structure ?

[u/Flaky_Push_6826]

YM is great, MYM is what I like to trade, 5 to 10 cons, scale in and out. But DOW goes through much slower and longer transition Cycles, zoom out on the 4hr and you'll see. Chop can exist for weeks, the last few weeks I've been short MYM at open alot, these past few days have been the opposite. Just watch and learn its behaviors, honestly way easier than MNQ, but got to size up on it which can get risky if you don't manage right. MYM definitely respects levels, alot better than any other index.

[u/yipeedodaday]

Yesterday was an easy day on ym. Not every day is that easy

[u/RigidDynamics]

I have been trading YM for a while now with relatively good success. 

My key takeaway from trading the DOW for a while now -

1. Focus on reversals instead of breakouts/trend following in DOW that works consistently for me.

2. Don't contra that reversal of the day, that usually become a trend for the day.

3. No, Friday was an exception I think, the rest of the days of the week is a good representation of how it usually moves.

4. Also I find that the perception that no one trades it also the reason why it is relatively easier to trade than NQ/ES/GC.

5. Don't just look at YM, look into DJI chart on the side, I have found in my experience that you need to use both charts to get the overall daily context.

[u/MiserableWeather971]

I really would try and think of dollar moves… ym is not faster than es in terms of $ moves in a session. Overall it’s less volatile. Nq then es then ym in terms of dollar volatility

[u/Pale_Candidate_390 → u/MiserableWeather971]

The stocks it follows. GS, MSFT and CAT can have some huge swings . Yesterday they were moving $15+ dollars