TraderSmarts Numbers for the YM Emini Futures - Thursday December 31, 2009

Hope everyone had a GREAT 2009 and looking forward to an even better 2010! Last trading day of the year today - enjoy it!

Support becomes resistance and vice versa...

10513, 10531, 10585, 10622 Resistance on the YM Emini Futures

10491, 10466, 10433, 10371, 10309 Supports

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back inside the key range of 10313 - 10625. As I have been saying the thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

TraderSmarts Numbers for the YM Emini Futures - Wednesday December 30, 2009

Trading is so thin this week - time is best spent on review and 2010 planning/goals.

Support becomes resistance and vice versa...

10513, 10531, 10585, 10622 Resistance on the YM Emini Futures

10466, 10433, 10371, 10309 Supports

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back inside the key range of 10313 - 10625. As I have been saying the thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

TraderSmarts Numbers for the YM Emini Futures - Tuesday December 29, 2009

Trading is so thin this week - time is best spent on review and 2010 planning/goals.

Support becomes resistance and vice versa...

10513, 10531, 10585, 10622 Resistance on the YM Emini Futures

10466, 10433, 10371, 10309 Supports

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back inside the key range of 10313 - 10625. As I have been saying the thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

TraderSmarts Numbers for the YM Emini Futures - Monday December 28, 2009

Support becomes resistance and vice versa...

10513, 10531, 10585, 10622 Resistance on the YM Emini Futures

10466, 10433, 10371, 10309 Supports

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back inside the key range of 10313 - 10625. As I have been saying the thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

TraderSmarts Numbers for the YM Emini Futures - Wednesday December 23, 2009

Support becomes resistance and vice versa...

10449, 10474, 10513, 10531 Resistance on the YM Emini Futures

10419, 10404, 10375, 10309, 10281, 10225 Supports

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

As I have been saying the thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

Last week we took out 10313 to the downside. I mentioned in the Friday post: "We took out 10313 yesterday (Thursday) for the first time. I am on high alert for potential for things to get ugly fast. Keying on if we hold under 10313."

Then on Friday at the open of the cash session we made a pop to and then plunge from 10313 - The exact number I have been keying on. IMO this is VERY TELLING.

Now we are back above 10313 and pushing towards the 10468 number overnight. Will 10313 hold? Will 10625 be taken out to the upside? Any thoughts?

TraderSmarts Numbers for the YM Emini Futures - Tuesday December 22, 2009

Support becomes resistance and vice versa...

10404, 10419, 10449, 10531 Resistance on the YM Emini Futures

10309, 10281, 10225, 10152 Supports

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

As I have been saying the thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

Last week we took out 10313 to the downside. I mentioned in the Friday post: "We took out 10313 yesterday (Thursday) for the first time. I am on high alert for potential for things to get ugly fast. Keying on if we hold under 10313."

Then on Friday at the open of the cash session we made a pop to and then plunge from 10313 - The exact number I have been keying on. IMO this is VERY TELLING.

Now we are back above 10313. Will it hold?

TraderSmarts Numbers for the YM Emini Futures - Monday December 21, 2009

Support becomes resistance and vice versa...

10329, 10346, 10365 Resistance on the YM Emini Futures

10279, 10225, 10193, 10158, 10098 Supports

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

As I have been saying the thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

Last week we took out 10313 to the downside. I mentioned in the Friday post: "We took out 10313 yesterday (Thursday) for the first time. I am on high alert for potential for things to get ugly fast. Keying on if we hold under 10313."

Then on Friday at the open of the cash session we made a pop to and then plunge from 10313 - The exact number I have been keying on. IMO this is VERY TELLING.

TraderSmarts Numbers for the YM Emini Futures - Friday December 18, 2009

Support becomes resistance and vice versa...

10329, 10365 Resistance on the YM Emini Futures

10285, 10250, 10193, 10167 Supports

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back to and have traded higher then the Pre-Thanksgiving levels. Still we are INSIDE the key area from the 10/25/09 post. The thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

We took out 10313 yesterday for the first time. I am on high alert for potential for things to get ugly fast. Keying on if we hold under 10313.

TraderSmarts Numbers for the YM Emini Futures - Thursday December 17, 2009

Support becomes resistance and vice versa...

10366, 10394, 10424 Resistance on the YM Emini Futures

10338, 10295, 10276, 10244, 10186, 10167 Supports

Under 10313 and potential to get ugly. Also Key for CIT.

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back to and have traded higher then the Pre-Thanksgiving levels. Still we are INSIDE the key area from the 10/25/09 post. The thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

TraderSmarts Numbers for the YM Emini Futures - Wednesday December 16, 2009

Support becomes resistance and vice versa...

10416, 10449, 10485, 10531 Resistance on the YM Emini Futures

10397, 10338, 10295, 10276, 10186 Supports

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back to and have traded higher then the Pre-Thanksgiving levels. Still we are INSIDE the key area from the 10/25/09 post. The thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

TraderSmarts Numbers for the YM Emini Futures - Tuesday December 15, 2009

Support becomes resistance and vice versa...

10485, 10531, 10576, 10610 Resistance on the YM Emini Futures

10423, 10388, 10338, 10295 Supports

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back to and have traded higher then the Pre-Thanksgiving levels. Still we are INSIDE the key area from the 10/25/09 post. The thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

TraderSmarts Numbers for the YM Emini Futures - Monday December 14, 2009

Support becomes resistance and vice versa...

10483, 10531, 10576, 10622 Resistance on the YM Emini Futures

10423, 10410, 10383, 10277 Supports

Trade Smart and trade well

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back to and have traded higher then the Pre-Thanksgiving levels. Still we are INSIDE the key area from the 10/25/09 post. The thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

How Do You Trade?

Just curious how people determine their trade entries? Lately, on StockTwits, and thanks in large part (okay solely) to FuturesTrader71, there has been a lot of talk and discussion about the VPOC and volume profiles. I wonder what people did before this? When FT71 first started posting his information and his blog it made a lot of sense to me as I noted in the comment section of his first post because our approach, while different in some ways for sure, is very similar. I have always defined areas before the day (what has evolved into the TraderSmarts Numbers) where I want to, as FT71 says, "do business". I have been doing this for years.

I have always been a fader. Almost all of my entries are fades either against the dominant trend or fading a countertrend move in the direction of the dominant trend. I will fade extremes looking for an intraday CIT or fade looking for a normal rotation - depending on the situation, or on trend days fade a countertrend move against the trend to trade in the direction of the underlying trend. This whole concept of trading rotations against key levels to me makes perfect sense. It is how I have always traded. That being said there are many different ways to trade. How do you trade? Or how did you trade before FT71 introduced the volume profile and VPOC concept? Please comment below. Looking forward to reading…

Anatomy Of A Trade – My Trading On StockTwits 12/09/2009

Thought I would write a post about the trades I tweeted live on StockTwits on 12/09/2009 taking you through my thought process as I entered, managed, and exited the trades. Hopefully this will be helpful to some subscribers and blog readers. It might be beneficial to right click on the charts and open them in a new window on another screen so you can follow along.

The first thing I noticed in the morning and what I tweeted was this:

TraderSmarts Dec. 09 at 10:50 AM # $TRIN nice and bullish today

Those that follow me know that I like to use the TRIN. Granted it doesn't work as well as it did pre fall 2008 but I still watch it. With a bullish TRIN reading I knew I wanted to look for longs. At 7:50 when I tweeted the above the market was breaking out (A). It went up and tested the key 10313 level I have been talking about and then failed and started retracing. Notice how it couldn't close over 10313 on the 4 min chart the first time up (B). The opportunity was there to fade the 10313 area but with a bullish TRIN I wanted to be long. The first TraderSmarts Number below was 10285. This also happened to be in line with the waist of the last 30 and 60 minute big bodied candles that had just closed (WAIST on the middle chart). Looked like a good spot to me to go long first time down if we got a retrace which we did (C):

TraderSmarts Dec. 09 at 11:38 AM # Long $YM_F TraderSmarts 10285

The YM made an initial low at 10283 and as is customary I quickly booked some profits (D):

TraderSmarts Dec. 09 at 11:44 AM # Out 1/3 +11 at 10296 $YM_F

I then noted that the CL was banging the lows. Lately oil and the market have been in sync so I knew it would be hard for the market to get traction long with oil plunging (didn't spell banging right but you get the point):

TraderSmarts Dec. 09 at 12:03 PM # $CL_F baning lows

Then I noticed the same potential bullish pattern I had tweeted the other day and tweeted it again:

TraderSmarts Dec. 09 at 12:33 PM # Another potential Rising Three Methods on 30 min $YM_F

The YM then made a lower low while the TRIN had ticked up quite a bit. I decided to lighten up a little bit on the next pop (E):

TraderSmarts Dec. 09 at 12:35 PM # Lightening up a lil bit sold half of 2nd 1/3 + 7 at 10292 $YM_F Want a push UP right here....

Didn't get the push up I was looking for and instead got failure. We then made a third new low (F) and attempted to pop again. The TRIN was fluctuating between bullish and bearish readings. I tweeted that I was still expecting this down channel to snap up:

TraderSmarts Dec. 09 at 1:30 PM #Expecting this down channel to snap up here eventually. We shall see if patience pays. $YM_F

After the third low of the downtrend I knew that the next low was either likely to be the low of the move or it was going to get flushed and we were likely to dump through the morning lows probing for stops. By this point the trade was going against me however I had already booked profits on half of the 10285 long. The initial premise of the trade (long 10285 on retrace and then push back through highs with a bullish TRIN) was not working out and we were now in a controlled down channel with the TRIN fluctuating from bearish to bullish. I was comfortable adding to the position to better my cost basis but needed a hard stop in place knowing a push to new lows was possible. The next TraderSmarts Number below was 10258. I looked at the chart and saw the back to back big bodied candles (G) with high volume. The waist of those candles was right in line with TraderSmarts 10258. More confluence and a great place to add to the position. I noticed the low on the previous day's open was 10240 (Z on the middle chart) and that it was the highest volume 30 min candle since. If we got under that I wanted to be out. I added a full position at 10258 (H) and tweeted this:

TraderSmarts Dec. 09 at 1:43 PM # Added TraderSmarts 10258. 10268 C/B now on current position. Will stop out under 10240 area $YM_F

This left me with a full position at 10258 and a half position left from 10285. I answered a subscriber's tweet asking when I was expecting the controlled downtrend to snap:

TraderSmarts Dec. 09 at 1:47 PM # @bkkumar Time will tell. $TRIN has reverted to bearish and price is going against me. Still in a controlled downtrend though. $YM_F

The YM put in a low at 10255 (H) and started to bounce. We made a move for the top of the downtrend channel again and I quickly took a -9 point loss on the second half left long from 10285 (I). This was a net scratch on the 10285 long leaving me with the long from 10258 to work with:

TraderSmarts Dec. 09 at 2:04 PM # Sold the 2nd half from 10285 for - 9 at 10276 for a scratch on the 10285 position. Still have the 10258 long $YM_F

TraderSmarts Dec. 09 at 2:05 PM # At the downtrend line right here. This is CRITICAL. $YM_F

At this point we were either going to break the downtrend and pop or fail. I moved my hard stop up to 1 tick below the 10255 low for a very manageable -4 pt stop if we failed and put in some staggered orders to scale out at profits and walked away for a bit. Sometimes the best thing to do is stop watching. The market is going to do what it wants to do regardless of if you are watching every tick or not:

TraderSmarts Dec. 09 at 2:08 PM # Hard stop at 10254 now on the 10258 position. Tired of watching this be back in a bit. Staggered orders to scale 10258 long higher $YM_F

TraderSmarts Dec. 09 at 2:10 PM # To me trading is about first defining and then managing risk. If you do that profits will take care of themselves. $YM_F

The YM snapped up out of the controlled downtrend (finally) and then made a PERFECT test of the downtrend line (J) and popped NICELY. I scaled out 1/3 of the 10258 long at 10293 (K) which was right in the thick of the price action from earlier in the session:

TraderSmarts Dec. 09 at 2:38 PM # Sold 1/3 + 36 at 10294 from 10258 $YM_F

I tweeted that I was targeting 10308 on the 2nd 1/3 but forgot to put the $YM_F symbol. 10308 was also right in the thick of the morning range when 10313 failed on the initial morning pop. When we took out 10300 (L) I took profits on the 2nd 1/3 position:

TraderSmarts Dec. 09 at 3:04 PM # Sold 2nd 1/3 + 50 at 10308. 1/3 Left from 10258 long and riding. $YM_F RT @TraderSmarts: Targeting 10308 for 2nd 1/3

We blasted through 10313 to 10320 and I tweeted my targets for the last 1/3 position:

TraderSmarts Dec. 09 at 3:10 PM # Over 10313 and holding and targeting new HOD on last 1/3 long. 10331, 10348, and 10395 the next $YM_F TraderSmarts Numbers

When we blasted over 10330 I sold half of the last 1/3 on the test of 10330 (M). 10331 was the next TraderSmarts Number on the day over 10285:

TraderSmarts Dec. 09 at 3:26 PM # Sold 1/2 of last 1/3 + 72 at 10330 $YM_F 16.6% of position left from 10258. Targeting 10348 + on remaining.

As the cash session closed I closed out half of the 16.6% remaining (N) still leaving 8.3% on for a chance at the 10348 TraderSmarts Number:

TraderSmarts Dec. 09 at 3:59 PM # Out half of the 16.6 remaining + 67 at 10325. 8.3% left see if we can hit 10348 in next 15 min $YM_F

Anything can happen in the last 15 minutes and the market gets less liquid as time goes on so I just locked in profits as we started to dump (O):

TraderSmarts Dec. 09 at 4:05 PM # Out last 8.3% + 64 at 10322. Trade closed. .$YM_F

Having a plan, defining your risk ahead of time, and then managing that risk is the key to me. I always know before I enter a trade what my maximum loss will be if the worst case scenario plays out (defining your risk) and what areas I want to scale out at if the trade moves in my favor. If you are comfortable with both it makes trading much easier. Hope you enjoyed the anatomy of my trade. As always trade smart and trade well!

TraderSmarts Numbers for the YM Emini Futures - Friday December 11, 2009

Support becomes resistance and vice versa...

10410, 10449, 10531 Resistance on the Ym Emini Futures

10395, 10338, 10304, 10275, 10208, 10177

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back to and have traded higher then the Pre-Thanksgiving levels.Still we are INSIDE the key area from the 10/25/09 post. The thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

TraderSmarts Numbers for the YM Emini Futures - Thursday December 10, 2009

Today is rollover. The TraderSmarts Numbes are baed on the new contract.

Support becomes resistance and vice versa...

10355, 10410, 10430, 10488 Resistance on the YM Emini Futures

10338, 10295, 10276, 10240, 10212, 10177, 10128 Supports

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back to and have traded higher then the Pre-Thanksgiving levels.Still we are INSIDE the key area from the 10/25/09 post. The thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

TraderSmarts Number for the YM Emini Futures - Wednesday December 9, 2009

Support becomes resistance and vice versa...

10285, 10331, 10348, 10394 Resistance on the YM Emini Futures

10258, 10220, 10177, 10128 Supports

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back to and have traded higher then the Pre-Thanksgiving levels.Still we are INSIDE the key area from the 10/25/09 post. The thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

TraderSmarts Numbers for the YM Emini Futures - Tuesday December 8, 2009

Support becomes resistance and vice versa...

10430, 10477, 10531, 10606 Resistance on the YM Emini Futures

10396, 10373, 10354, 10315, 10277, 10222, 10177

Trade smart and trade well

Same range, similar levels.

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.htmlWe are now back to and have traded higher then the Pre-Thanksgiving levels.

Still we are INSIDE the key area from the 10/25/09 post. The thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

TraderSmarts Numbers for the YM Emini Futures - Monday December 7, 2009

Support becomes resistance and vice versa...

10396, 10430, 10477, 10531 Resistance on the YM Emini Futures

10377, 10354, 10313, 10277, 10242 Supports

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back to and have traded higher then the Pre-Thanksgiving levels. Still we are INSIDE the key area from the 10/25/09 post. The thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

Why I Have Subscribers

I got a great email the other day from a new subscriber and I want to share it with you. Hopefully his email, and my response, will reveal a few things. He was replying to the "SCREENSHOT" email. Subscribers will know what I am talking about.

The new subscriber’s email included this:

“Thanks but don't SPAM me Please”

I felt obligated to reply. This is what I wrote:

LOL Yeah Ken you don't have to worry about that :)

That promotion for "Trader Interviews" is the ONLY thing in my autoresponder email queue right now besides the "Am I following you on Twitter?" Out of every 100 trading related things that I could promote to my subscribers (and there are a LOT) 99 of them are GARBAGE and I won't put my name behind junk.

Anyway here is the screenshot:
LINK TO SCREENSHOT HERE

CHEERS!

TraderSmarts

We have since exchanged a few emails, we've discovered we both prefer the YM to the ES, and I think he realizes that I am not trying to spam him with junk :)

So what is the point of having a subscriber list for my blog if I am not trying to sell or promote things? The number one reason is because with a blog, aside from the comments section, it is a one-way conversation. I have no idea who my specific readers are (other than the vague information provided by analytics). Having subscribers, on the other hand, enables me to engage my readers and speak to them one on one. And they can contact me as well if they wish. It is like Twitter. It enables me to meet and ultimately connect with my readers.

Now let me be clear. I am not blatantly against selling or promoting things. Things are bought and sold every day. This is a society that is based on the idea of buying and selling. You pay for goods and services that you want and need. Nothing wrong with that—just the way it is.

So if I find something worth letting subscribers know about, then I will. Fact is, though, I’ve had the subscriber list now since July 2009 and I am writing this in December 2009 (so for 5 months) and as mentioned above, I only have 1 thing in my email queue as a promotion. And I can assure you that is NOT due to a lack of things to promote. It is because in the trading profession, there is a LOT of garbage and useless information being hawked and I will NOT put my name behind junk. Literally out of every 100 things that come across my desk, 99 of them are GARBAGE.

Just FYI, the one promotion that I have done so far was for Trader Interviews because I think it is a cool site. I love the “Market Wizards” books, and the concept for Trader Interviews is the same. This is something I can stand behind. If you have not already and want to check it out, feel free to use this affiliate link: http://www.traderinterviews.com/amember/go.php?r=251&i=l5 It will take you to 5 free interviews (you have to opt in – but Tim doesn’t spam you either) and if you eventually subscribe to Tim’s site, I will get a small one-time payment for the referral.

Anyway the point of this post is not to promote the one promotion I have done but rather to point out why I have a subscriber list (detailed above) and what you will get being my subscriber:

1. TraderSmarts Numbers for the YM, ES and GC delivered to your email every day before the market opens

2. Notified when a new post on the blog other than the TraderSmarts Numbers is posted (like this one) or the daily charts I sometimes post and analyze, etc.

3. An occasional offer for something that I think is worthwhile—so far, one thing in five months.

What you will not get is spammed by me to buy, try, test, subscribe, etc., to every worthless trading-related thing that I could promote.

Hopefully this has clarified why I have a subscriber list and what you will and will not get by being a subscriber. Oh yeah, and if you know of something WORTHWHILE (that 1 in 100 thing) to offer to my subscribers, please feel free to email me about it.

All the best,

TraderSmarts

TraderSmarts Number for the YM Emini Futures - Friday December 4, 2009

Support becomes resistance and vice versa...

10355, (10387 - 10396), 10435, 10477, 10531 Resistance on the YM Emini Futures

10338, 10277, 10238, 10214, 10176 Supports

I'm bearish below 10355 and 10313 is key for the big pic.

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the EXACT 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back to and have traded higher then the Pre-Thanksgiving levels. Still we are INSIDE the key area from the 10/25/09 post. The thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

TraderSmarts Numbers for the YM Emini Futures - Thursday December 3, 2009

Support becomes resistance and vice versa...

10494, 10531, 10572, 10618 Resistance on the YM Emini Futures

10449, 10425, 10354, 10277, 10246 Supports

Trade smart and trade well!

It is worth noting that we broke down (Thanksgiving Dubai news) from the EXACT 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html

We are now back to and have traded higher then the Pre-Thanksgiving levels. Still we are INSIDE the key area from the 10/25/09 post. The thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.

TraderSmarts Numbers for the YM Emini Futures - Wednesday December 2, 2009

Support becomes resistance and vice versa...

10477, 10431, 10572, 10618 Resistance on the YM Emini Futures

10448, 10391, 10354, 10315, 10252 Supports

Trade smart and trade well!

It is worth noting that we broke down from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html