Sunday, November 25, 2012

TS TradePlan for the YM Emini Futures - Monday November 26, 2012

TraderSmarts Numbers for the YM 
 13361, 13344, 13314, 13288, 13257, 13243, 13227, 13219, 13205, 13189, 13167, 13152, 13125, 13107, 13096, 13078, 13038, 13028, 13019, 12999, 12988, 12974, 12950, 12914, 12896,  12881, 12870, 12838, 12823, 12817, 12809, 12801, 12784, 12776, 12760, 12732, 12725, 12712, 12693, 12672, 12667, 12644, 12625,12582, 12562, 12545, 12533, 12509, 12501, 12488, 12464,12452, 12433, 12419, 12380, 12349, 12313, 12228, 12217, 12037, 12027 Support / Resistance on the YM Emini Futures

YM Contract Notes: Big picture from here (12974 TS # is Big Pic LIS) YM likely either wants to test 13288 - 13257 or 12672 - 12667. If we can clear 13288 TS # and hold then we very likely will get new all times highs in the Dow. Failure now to get over 12974 TS # and hold and a test of 12672 - 16667 is likely on deck soon. Failure below 12501 TS # and holding and extended targets are 11542/11321 - 11311 TS #'s. 

So using 12974 as LIS Sunday / Monday. The key to making use of bigger picture analysis (above) is just like playing chess...you have to be able to perceive which moves are likely to be played out ahead of time and position accordingly. In trading that means figuring out likely target and getting a favorable cost basis from a risk perspective. One that won't likely be tested if you are correct in analysis and one that will tell you right away if your analysis is correct or not. 

YM Execution/Targets Zones:
13125 13107 Extreme Shorts
13038 - 13028 Highest Odds Short FTU
12999 - 12974 Range Short
12881 Range Long 1
12823 - 12817 Range Long 2
12776 - 12760 Highest Odds Long FTD
12672 - 16667 Extreme Longs

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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