Tuesday, October 23, 2012

TS TradePlan for the YM Emini Futures - Wednesday October 24, 2012

TraderSmarts Numbers for the YM 
13740, 13701, 13666, 13623, 13582, 13566, 13559, 13541,13532, 12509, 13487, 12468, 13457, 13442, 13422, 13404, 13397, 13375, 13361, 13344, 13314, 13288, 13257, 13243, 13219, 13182, 13152, 13125, 13107, 13083, 13067, 13038, 13031, 12962, 12950, 12870, 12809, 12801, 12774, 12672 Support / Resistance on the YM Emini Futures

YM Contract Notes: FOMC Wednesday. Monday's hammer got erased Tuesday inline with the current "prove it bulls" context of market. Tuesday's 13038 - 13031 Extreme Long is now Wednesday's Range Long, however, we found support there at the cash close and have grinded up since. Range Long can be used as a LIS for HOL FTD which clearly becomes target on breach. 

YM Execution/Targets Zones:
13442 Extreme Short
13243 Highest Odds Short FTU
13182 Range Short
13038 - 13031 Range Long
12962 - 12950 Highest Odds Long FTD
12870 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

No comments: