Wednesday, November 30, 2011

Updated TraderSmarts Numbers for the YM Emini Futures - Thursday December 1, 2011

Support becomes resistance and vice versa...

12652, 12571, 12523, 12515, 12442, 12429, 12348, 11287, 12262, 12210, 12140, 12113, 12095, 12078, 12047 Resistance on the YM Emini Futures

12025, 11987, 11945, 11922, 11882, 11863, 11842, 11825, 11792, 11768, 11737, 11715, 11681, 11660, 11628, 11609, 11568, 11559, 11539, 11518, 11487, 11454, 11425 Supports

Trade smart and trade well!

YM: Was expecting big move out of 11568 - 11559 zone but wasn't expecting this type of move. Why the #1 thing I keep in mind at all times is: "Anything can happen at any time and probably will". Expecting consolidation Thursday after the big move Wednesday and ahead of NFP Friday. 12140 - 12113 highest odds short FTU. 12047 range short. 11882 range long. 11792 highest odds long FTD.

Tuesday, November 29, 2011

TraderSmarts Numbers for the YM Emini Futures - Wednesday November 30, 2011

Support becomes resistance and vice versa...

11518, 11539, 11559, 11568, 11609, 11628, 11660, 11681, 11715, 11737, 11768, 11792, 11825, 11842, 11863, 11882, 11922, 11945, 11987, 12025 Resistance on the YM Emini Futures

11487, 11454, 11425, 11390, 11365, 11336, 11322, 11278, 11234, 11195, 11173, 11146, 11125, 11093, 11065, 11046, 11033, 11024, 11016, 10972, 10945 Supports

Trade smart and trade well!

Really no change in equity today - expecting a decent move out of this zone. Again, there is a big range for the TS #'s. 1323 - 1104 on the ES. Focus on where we are inside the range and trade it!

YM: 11945 extreme short. 11825 - 11792 highest odds short. 11681 - 11660 range short.  11568 - 11559 line in the sand. Want to be long above 11568 and short below 11559. Expecting good move out of this zone. 11425 range long. 11322 extremely significant. 11234 highest odds long FTD. 11065 extreme long.

Monday, November 28, 2011

TraderSmarts Numbers for the YM Emini Futures - Tuesday November 29, 2011

Support becomes resistance and vice versa...

11559, 11568, 11609, 11628, 11660, 11681, 11715, 11737, 11768, 11792, 11825, 11842, 11863, 11882, 11922, 11945, 11987, 12025 Resistance on the YM Emini Futures

11539, 11518, 11487, 11454, 11425, 11390, 11365, 11336, 11322, 11278, 11234, 11195, 11173, 11146, 11125, 11093, 11065, 11046, 11033, 11024, 11016, 10972, 10945 Supports

Trade smart and trade well!

Again, there is a big range for the TS #'s. 1323 - 1104 on the ES. Focus on where we are inside the range and trade it! Find updated GC for Tuesday as well.

YM: 11825 - 11792 extreme short. 11660 highest odds short FTU. 11568 - 11559 range short. 11425 range long. 11322 extremely significant. 11234 highest odds long FTD. 11065 extreme long.

Sunday, November 27, 2011

TraderSmarts Numbers for the YM Emini Futures - Monday November 28, 2011

Support becomes resistance and vice versa...

11234, 11278, 11322, 11336, 11365, 11390, 11414, 11437, 11454, 11487, 11518, 11539, 11559, 11568, 11609, 11628, 11673, 11681, 11715, 11737, 11768, 11792, 11825, 11842, 11863, 11882, 11922, 11945, 11987, 12025 Resistance on the YM Emini Futures

11195, 11173, 11146, 11125, 11093, 11065, 11046, 11033, 11024, 11016, 10972, 10945, 10930, 10882, 10835, 10809, 10786, 10749 Supports

Trade smart and trade well!

Again, there is a big range for the TS #'s. 1323 - 1104 on the ES. Focus on where we are inside the range and trade it! Also, just FYI I did GC for Monday session for myself so included it in the daily update.

YM: 11518/11455 extreme shorts. 11322 - 11287 highest odds short FTU. This 11322 TS # has been a ceiling over last couple sessions. 11234 range short. 11065 range long. 10945 highest odds long FTD. 10882 extreme long.

Tuesday, November 22, 2011

TraderSmarts Numbers for the YM Emini Futures - Wednesday November 23, 2011

Support becomes resistance and vice versa...

11336, 11365, 11390, 11414, 11437, 11455, 11487, 11518, 11539, 11559, 11568, 11609, 11628, 11673, 11681, 11715, 11737, 11768, 11792, 11825, 11842, 11863, 11882, 11922, 11945, 11987 Resistance on the YM Emini Futures

11322, 11278, 11234, 11195, 11173, 11146, 11125, 11093, 11065, 11046, 11033, 11024, 11016, 10972, 10945, 10930, 10882, 10835, 10809, 10786, 10749 Supports

Trade smart and trade well!

YM: 11945 - 11987 Important zone on upside and extreme short. 11825 - 11792 highest odds short FTU. 11628 - 11609 range short. 11322 range long. 11234 highest odds longs FTD. 11173 important FTD. 11065 extreme long.

Interested in TS #'s for ES 6E and CL? Interested in Live Trade Alerts? 

Monday, November 21, 2011

TraderSmarts Numbers for the YM Emini Futures - Tuesday November 22, 2011

Support becomes resistance and vice versa...

11559 - 11568, 11609, 11628, 11672, 11681, 11715, 11737, 11768, 11792, 11825, 11842, 11863, 11882, 11922, 11945, 11987, 12025 Resistance on the YM Emini Futures

11539, 11511, 11487, 11445, 11414, 11390, 11365, 11336, 11322, 11278, 11234, 11195, 11173, 11146, 11125, 11093, 11065, 11046, 11033, 11024, 11016, 10972, 10945 Supports

Trade smart and trade well!

YM: 11945 - 11987 Key zone on upside and extreme short. 11825 - 11792 highest odds short FTU. 11628 - 11609 range short. 11414 range long. 11368/11323 highest odds longs FTD. 11234 extreme long.

For TraderSmarts Live Trade Alerts click here

Sunday, November 20, 2011

TraderSmarts Numbers for the YM Emini Futures - Monday November 20, 2011

Support becomes resistance and vice versa...

11715, 11737, 11768, 11792, 11825, 11842, 11863, 11882, 11922, 11945, 11987, 12025, 12047, 12078, 12095, 12113, 12140, 12210, 12260, 12273, 12348, 12429, 12442, 12515, 12523, 12652 Resistance on the YM Emini Futures 

11681, 11673, 11628, 11609, 11568, 11559, 11539, 11515, 11487, 11445, 11414, 11390, 11365, 11336, 11322, 11278, 11234, 11195 Supports

Trade smart and trade well!

YM: 11945 - 11987 Key zone on upside. This is highest odds short FTU and important zone for bulls to push price over. 11825 - 11792 range short. 11628 - 11609 range long but already hit early Sunday session. 11568 - 11559 highest odds long FTD. 11414 extreme long.

Interested in LIVE TRADE ALERTS

What I Learned From The 2011 World Series

When I look back on the 2011 World Series there is one thing that stands out in my mind and I think I will always remember it long after I remember which teams played and which world series it was. It wasn't Albert Pujols three home runs in game 3, something that had only been done before by Babe Ruth and "Mr. October" himself, Reggie Jackson.

While Pujols' display of power was amazing what will stick with me is an on field interview with Lance Berkman, yes that's right, Lance Berkman, after he hit a game tying single in the bottom of the 10th inning of game 6 when St. Louis was down to their final strike. The reporter asked Lance "what's the approach in that spot - what are you looking to do" and Lance replied "Just not try to do too much...I think the tendency there is to over swing...my mentality was just have a good, tough at bat and whatever happens you can be proud of the effort." 

How does this apply to trading? I think the similarities are obvious but when you put the focus on results based goals (P/L) it brings added and unnecessary pressure to perform which in all likely hood usually leads to under performance. If the focus is on process based goals, ie "trading smart and trading well" it decreases pressure and reduces performance anxiety which is more likely to lead to an increase in performance.

For further evidence of how process based goals are preferable to performance based goals refer to the work of  Dr. Brett Steenbarger. Dr. Brett is a big proponent of process based goals.

After a little searching I found the clip on YouTube. I was going to embed it in this post but ESPN has embedding removed. Enjoy.

http://www.youtube.com/watch?v=dKA_11Tk2_U

Thursday, November 17, 2011

TraderSmarts Numbers for the YM Emini Futures - Friday November 18, 2011

Support becomes resistance and vice versa...

11768, 11792, 11825, 11842, 11863, 11882, 11922, 11943, 11987, 12025, 12047, 12078, 12095, 12113, 12140, 12260, 12273, 12348, 12429, 12442, 12515, 12523, 12652 Resistance on the YM Emini Futures

11737, 11715, 11681, 11673, 11628, 11609, 11568, 11559, 11539, 11515, 11487, 11445, 11414, 11390, 11365, 11336, 11322, 11278, 11234, 11195 Supports

Trade smart and trade well!

YM: 11842 which happens to be Wednesday close I am viewing as line in the sand. This is also the range short. 12047 - 12025 highest odds short FTU. 11628 - 11609 range long. 11568 - 11559 highest odds long FTD. 11487 extreme long.

Wednesday, November 16, 2011

TraderSmarts Numbers for the YM Emini Futures - Thursday November 17, 2011

Support becomes resistance and vice versa...

11922, 11943, 11987, 12025, 12047, 12078, 12095, 12113, 12140, 12210, 12260, 12273, 12348, 12429, 12442, 12515, 12523, 12652 Resistance on the YM Emini Futures

11882, 11863, 11825, 11792, 11768, 11737, 11715, 11681, 11673, 11628, 11609, 11568, 11559, 11539, 11515, 11487, 11445, 11414, 11390, 11365, 11336, 11322, 11278, 11234, 11195 Supports

Trade smart and trade well!

YM: 12442/12348 extreme short. 12273 - 12260 highest odds short FTU. 11987 - 11943 range short. 12047 important line in the sand. 11882 - 11863 range long. 11737 important FTD. 11628 - 11609 highest odds long FTD. 11568 - 11559 extreme long.

Tuesday, November 15, 2011

TraderSmarts Numbers for the YM Emini Futures - Wednesday November 16, 2011

Support becomes resistance and vice versa..

11987, 12025, 12047, 12058, 12078, 12095, 12113, 12140, 12210, 12260, 12273, 12348, 12442, 12515, 12523, 12652 Resistance on the YM Emini Futures

11943, 11922, 11882, 11863, 11825, 11792, 11768, 11715, 11681, 11673, 11628, 11609, 11568, 11559, 11539, 11515, 11487, 11445, 11414, 11390, 11365, 11336, 11322, 11278, 11234, 11195 Supports

Trade smart and trade well!

Not much change in equity. To quote Led Zeppelin: "The song remains the same"

YM: 12442/12348 extreme short. 12273 - 12260 highest odds short FTU. 12095 range short 12058 - 12047 important line in the sand. 11943 - 11922 still the range long. 11882 - 11863 highest odds long FTD. 11568 - 11559 extreme long.

Monday, November 14, 2011

TraderSmarts Numbers for the YM Emini Futures - Tuesday November 15, 2011

Support becomes resistance and vice versa...

12047, 12058, 12078, 12095, 12113, 11140, 12210, 12260, 12273, 12348, 12429, 12442, 12515, 12523, 12652 Resistance on the YM Emini Futures

12025, 11987, 11943, 11922, 11882, 11863, 11825, 11792, 11768, 11715, 11681, 11673, 11628, 11609, 11568, 11559 Supports

Trade smart and trade well!

YM: 12442/12348 extreme short. 12273 - 12260 highest odds short FTU. 12095 range short and line in the sand. 11943 - 11922 range long. 11882 - 11863 highest odds long FTD. 11568 - 11559 extreme longs.

Sunday, November 13, 2011

TraderSmarts Numbers for the YM Emini Futures - Monday November 14, 2011

Support becomes resistance and vice versa...

12210, 12260, 12273, 12348, 12429, 12442, 12515, 12523, 12652 Resistance on the YM Emini Futures

12140, 12113, 12078, 12047, 12025, 11987, 11943, 11922, 11882, 11863, 11825, 11792, 11768, 11715, 11681, 11673, 11628, 11609, 11568, 11559 Supports

Trade smart and trade well!

YM: 12442 extreme short. 12348 highest odds short FTU. 12273 - 12260 range short. 12140 - 12113 aggressive range long. 11987 and then 11943 - 11922 highest odds long FTD.

Friday, November 11, 2011

TraderSmarts Numbers for the YM Emini Futures - Friday November, 11, 2011


 Support becomes resistance and vice versa...

11922, 11943, 11987, 12025, 12047, 12078, 12113, 12140, 12210, 12260, 12273, 12348, 12429, 12515, 12523, 12652 Resistance on the YM Emini Futures

11882, 11863, 11825, 11792, 11768, 11715, 11681, 11673, 11628, 11609, 11568, 11559, 11539, 11515, 11487, 11445, 11414, 11390, 11365, 11336, 11322, 11278, 11234, 11195 Supports

Trade smart and trade well!

11882 - 11863 is Key. Above that we have 11922 - 11963 and 12078  - 12013 highest odds short FTU. Below and 11792 - 11768 highest odds long FTD, 11568 - 11559, 11487, and then 11363 - 11322 which is HUGE and extreme long. Will need over 11922 and holding to get legs up.

TraderSmarts Numbers for the YM Emini Futures - Monday November

Support becomes resistance and vice versa...

12210, 12260, 12273, 12348, 12429, 12442, 12515, 12523, 12652

12140, 12113, 12078, 12047, 12025, 11987, 11943, 11922, 11882, 11863, 11825, 11792, 11768, 11715, 11681, 11673, 11628, 11609, 11568, 11559

Trade smart and trade well!

YM: 12442 extreme short. 12348 highest odds short FTU. 12273 - 12260 range short. 12140 - 12113 aggressive range long. 11987 and then 11943 - 11922 highest odds long FTD.

Wednesday, November 9, 2011

TraderSmarts Numbers for the Emini Futures - Wednesday November 9, 2011

Support becomes resistance and vice versa...

11882, 11922, 11943, 11987, 12025, 12047, 12101, 12140, 12210, 12260, 12273, 12348, 12429, 12442, 12515, 12523, 12652 Resistance on the YM Emini Futures

11863, 11825, 11792, 11746, 11715, 11681, 11673, 11628, 11609, 11568, 11559, 11539, 11515, 11487, 11445, 11414, 11390, 11365, 11336, 11322, 11278, 11234, 11195 Supports

Trade smart and trade well!

I didn't make any changes today but essentially all the major levels remain the same. Pay attention to the contract notes and remember support becomes resistance and vice versa.

YM: 12442 extreme short. 12140/12101 highest odds short FTU. 12047 range short (has been hit EOD Monday and is still important going into Tuesday. Bears want to hold price below this TS # for rotation lower. 11943 - 11922 range long. This is initial support heading into Tuesday session. 11863 highest odds long FTD. This area is important for bulls to defend if  they want to push market higher now. 11825 TS # (and bottom of the 11863 - 11825 range long from Monday) was the RTH low on Monday. This is the last line of defense for the bulls heading into Tuesday session. Failure to hold here and can target 11715 minimum and start looking for further push to 11568 - 11559 test and ultimately 11487 or lower.

Monday, November 7, 2011

TraderSmarts Numbers for the YM Emini Futures - Tuesday November 8, 2011

Support becomes resistance and vice versa...

TraderSmarts Numbers for the YM

11987, 12025, 12047, 12101, 12140, 12210, 12260, 12273, 12348, 12429, 12442, 12515, 12523, 12652 Resistance on the YM Emini Futures

11943, 11922, 11882, 11863, 11825, 11792, 11746, 11715, 11681, 11673, 11628, 11609, 11568, 11559, 11539, 11515, 11487, 11445, 11414, 11390, 11365, 11336, 11322, 11278, 11234, 11195 Supports

Trade smart and trade well!

No big change in equity. Monday was essentially a repeat of Friday.

YM: 12442 extreme short. 12140/12101 highest odds short FTU. 12047 range short (has been hit EOD Monday and is still important going into Tuesday. Bears want to hold price below this TS # for rotation lower. 11943 - 11922 range long. This is initial support heading into Tuesday session. 11863 highest odds long FTD. This area is important for bulls to defend if they want to push market higher now. 11825 TS # (and bottom of the 11863 - 11825 range long from Monday) was the RTH low on Monday. This is the last line of defense for the bulls heading into Tuesday session. Failure to hold here and can target 11715 minimum and start looking for further push to 11568 - 11559 test and ultimately 11487 or lower.

Sunday, November 6, 2011

TraderSmarts Numbers for the YM Emini Futures - Monday November 7, 2011

Support becomes resistance and vice versa...

11943, 11987, 12025, 12047, 12101, 12140, 12210, 12260, 12273, 12348, 12429, 12442, 12515, 12523, 12652 Resistance on the YM Emini Futures

11922, 11882, 11863, 11825, 11792, 11746, 11715, 11681, 11673, 11628, 11609, 11568, 11559, 11539, 11515, 11487, 11445, 11414, 11390, 11365, 11336, 11322, 11278, 11234, 11195 Supports

Trade smart and trade well!

YM: 12442 extreme short. 12140/12101 highest odds short FTU. 12047 range short. 11863/11825 range long. 11715/11609 highest odds long FTD. 11487 extreme long.

Thursday, November 3, 2011

TraderSmarts Numbers for the YM Emini Futures - Friday Novermber 4, 2011

Support becomes resistance and vice versa...

11987, 12013, 12037, 12057, 12101, 12140, 12169, 12180, 12210, 12260, 12273, 12348, 12429, 12515, 12523, 12652 Resistance on the YM Emini Futures

11969, 11943, 11922, 11897, 11882, 11863, 11837, 11812, 11792, 11763, 11746, 11715, 11697, 11681, 11658, 11628, 11609, 11590, 11568, 11559, 11539, 11515, 11487, 11445, 11424, 11405, 11390, 11368, 11336, 11322 Supports

Trade smart and trade well!

YM: 12348 extreme short. 12140/12101 highest odds short FTU. 12037 - 12013 range short. 11882 - 11863 range long. 11568 - 11559 important but interesting because it is right under the prior 3 days lows. 11487 highest odds long FTD. 11368 extreme long.

Wednesday, November 2, 2011

TraderSmarts Numbers for the YM Emini Futures - Thursday November 3, 2011

Support becomes resistance and vice versa...

11658, 11681, 11697, 11715, 11746, 11763, 11792, 11812, 11837, 11863, 11882, 11897, 11922, 11943, 11969, 11987, 12013, 12037, 12057, 12101, 12140, 12169, 12180, 12210, 12260, 12273, 12348, 12429, 12515, 12523, 12652 Resistance on the YM Emini Futures

11628, 11609, 11590, 11568, 11559, 11539, 11515, 11487, 11445, 11424, 11405, 11390, 11368, 11336, 11322, 11306, 11280, 11272, 11253, 11237, 11225, 11212, 11195, 11173, 11146, 11125, 11093, 11065, 11046, 11033, 11024, 11016, 10972, 10945, 10930, 10882, 10835, 10809, 10786, 10749 Supports

Trade smart and trade well!

YM: 12348 extreme short. 12037 - 12013 highest odds short FTU. 11763 - 11746 range short. 11568 - 11559 range long. 11487 highest odds long FTD. 11368 extreme long.

Tuesday, November 1, 2011

TraderSmarts Numbers for the YM Emini Futures - Wednesday November 2, 2011

Support becomes resistance and vice versa...

11715, 11743, 11763, 11792, 11812, 11837, 11863, 11882, 11897, 11922, 11943, 11969, 11987, 12013, 12037, 12057, 12101, 12140, 12169, 12180, 12210, 12260, 12273, 12348, 12429, 12515, 12523, 12652 Resistance on the YM Emini Futures

11697, 11681, 11658, 11628, 11609, 11590, 11568, 11559, 11539, 11515, 11487, 11445, 11424, 11405, 11390, 11368, 11336, 11322, 11306, 11280, 11272, 11253, 11237, 11225, 11212, 11195 Supports

Trade smart and trade well!

YM: 12348 extreme short. 12037 - 12013 highest odds short FTU. 11792 range short. 11568 - 11559 range long. 11487 highest odds long FTD. 11368 extreme long.