Tuesday, October 16, 2012

TS TradePlan for the YM Emini Futures - Wednesday October 17, 2012

TraderSmarts Numbers for the YM 
13740, 13701, 13666, 13623, 13582, 13566, 13541,13532, 12509, 13481, 12462, 13442, 13434, 13422, 13404, 13397, 13364, 13359, 13344, 13314, 13295, 13277, 13253, 13236, 13228, 13205, 13182, 13152, 13125, 13107, 13083, 13067, 13038, 13031, 12950, 12870 Support / Resistance on the YM Emini Futures

YM Contract Notes: 13364 - 13359 is the LIS. I mentioned in Tuesday update that I was heavily favoring shorts into Range and HOS FTU for move back to HOL FTD. We got the move into 13481 TS # (and 6 ticks over) Tuesday at HOS FTU. If we hold under then it is probable that we make new lows into 13182 - 13152 with 13083 - 13067 extended target. Could be done into opex. Above 13481 and holding and we can likely target new swing highs. 

YM Execution/Targets Zones:
13623 Extreme Short
13566 - 13541 Highest Odds Short FTU
13462 - 13481 Range Short
13404 - 13397 Range Long
13364 - 13359 Highest Odds Long FTD
13182 - 13152 Extreme Long  

Support becomes resistance and vice versa...

Trade smart and trade well!

TS TradePlan for ES YM 6E GC CL + TS Trades (Live Trade Alerts / Market Commentary / Private Twitter Feed): www.tradersmarts.net

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