Tuesday, August 27, 2013

TS TradePlan for the YM Emini Futures - Wednesday August 28, 2013

TraderSmarts Numbers for YM (U)
15315, 15287, 15279, 15265, 15252, 15241, 15225, 15206, 15195, 15175, 15161, 15153, 15136, 15121, 15105, 15086, 15072, 15057, 15044, 15025, 15016, 15011, 14994, 14984, 14969, 14959, 14940, 14931, 14924, 14909, 14897, 14884, 14868, 14852, 14818, 14814, 14798, 14754, 14741, 14731, 14721, 14702, 14683, 14669, 14662, 14651, 14646, 14630, 14570, 14535, 14513, 14504, 14469, 14444, 14414, 14409, 14390, 14350, 14311 Support / Resistance on the YM Emini Futures

YM Contract Notes: 14931 TS # is LIS Tuesday. Got the test of 15206 TS # from above and then some last Thursday (and extended 400 ticks) with no test from below. Bounce cut short Monday. 8/22 swing lows are vulnerable. <<< Done. Now extending 8/22 swing low. Strong support at HOL FTD. 

Macro Technical View: Got the test into 14884 - 14868 as expected. We got bounce and then 8/22 low extended. 15206 TS # still untested from below. 

YM Execution/Targets Zones:
15072 - 15057  Extreme Short
14969 - 14959 Highest Odds Short FTU
14868 - 14852 Range Short
14731 - 14721 Range Long 
14662 - 14646 Highest Odds Long FTD
14350 Extreme Long 

Trade smart and trade well!

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