Monday, May 7, 2012

TraderSmarts Numbers for the YM Emini Futures - Tuesday May 8, 2012


Support becomes resistance and vice versa...

12962, 12978, 12989, 13003, 13011, 13018, 13027, 13056, 13065, 13086, 13091, 13109, 13138, 13171, 13186, 13204, 13224, 13239, 13255, 13273, 13292, 13311, 13331 Resistance on the YM Emini Futures

12949, 12914, 12903, 12885, 12857, 12822, 12786, 12765, 12738, 12723, 12696, 12660, 12640, 12610, 12597, 12581, 12577, 12559, 12545, 12442, 12414, 12381, 12342, 12310, 12287 Supports

YM: 13186  - 13171 extreme short. 13065 highest odds short FTU. 13027 - 13011 range short. 12914/12876 two spots for range long. 12786 - 12765 highest odds long FTD. 12610 - 12577 extreme long.

ES YM 6E CL GC TraderSmarts Numbers + Live Trade Alerts www.tradersmarts.net

I've talked about this a lot in the alerts but we need to be using the Range, Highest Odds, and Extremes not just for trade entries but also as targets. If we are not taking advantage of moves INTO the Range, Highest Odds, and Extremes we are missing out on a very important aspect of the TraderSmarts Numbers. Prices want to test the important TraderSmarts Numbers. The contract notes are important. 

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