TraderSmarts Numbers for the YM Emini Futures - Monday November 1, 2010

Support becomes resistance and vice versa...

11169, 11191, 11255, 11270, 11288, 11297 Resistance on the YM Emini Futures

11129, 11082, 11058, 11001, 10975, 10940, 10897 Supports

Trade smart and trade well!

YM: 11191 aggressive short. 11270 highest odds short FTU. 10940 - 10897 highest odds long FTD. 11082 aggressive long.

What is a Swing Trade?

What is a swing trade? To me a swing trade is simply a trade that has a target that will most likely take more than one day to hit. If my target is going to be hit during the same day that I put the trade on that is what I call an intraday trade. When some people think "swing" they think about a trade that lasts weeks or months. It can be that but it doesn't have to be. The important characteristic is the size of the price move from entry to last scale or close, not length of time in the trade. In my book, the faster the move happens the better!

TraderSmarts Numbers for the YM Emini Futures - Friday October 29, 2010

Support becomes resistance and vice versa...

11129, 11169, 11214, 11255, 11288, 11297 Resistance on the YM Emini Futures

11099, 11064, 11038, 11001, 10975, 10940, 10897 Supports

Trade smart and trade well!

YM: 11099 aggressive short. 11255 and just under higher the highest odds short FTU. 10940 - 10897 highest odds long FTD, again.

TraderSmarts Numbers for the YM Emini Futures - Thursday October 28, 2010

Support becomes resistance and vice versa...

11099, 11129, 11169, 11214, 11255, 11288, 11297 Resistance on the YM Emini Futures

11038, 11001, 10975, 10940, 10897 Supports

Trade smart and trade well!

YM:  11099 aggressive short. 11038 aggressive long. 11255 and just under higher the highest odds short FTU. 10975 - 10940 highest odds long FTD, again.

TraderSmarts Numbers for the YM Emini Futures - Wednesday October 27, 2010

Support becomes resistance and vice versa...

11104, 11129, 11169, 11214, 11255, 11288, 11297 Resistance on the YM Emini Futures

11074, 11069, 11050, 11001, 10975, 10940, 10897 Supports

Trade smart and trade well!

YM:  11129 - 11104 aggressive short. 11214 and higher the highest odds short FTU. 10975 - 10940 highest odds long FTD.

TraderSmarts Numbers for the YM Emini Futures - Tuesday October 26, 2010

Support becomes resistance and vice versa...

11142, 11169, 11214, 11255, 11288, 11297 Resistance on the YM Emini Futures

11104, 11084, 11069, 11050, 11001, 10975, 10940, 10897 Supports

Trade smart and trade well!

YM: 11297 - 11288 highest odds short FTU. 11169 area to consider short. 11084 - 11050 area to consider long. 10975 - 10940 highest odds long FTD.

TraderSmarts Numbers for the YM Emini Futures - Monday October 25, 2010

Support becomes resistance and vice versa...

11169, 11211, 11255, 11288 Resistance on the YM Emini futures

11111, 11084, 11050, 11101, 10975, 10940, 10897 Supports

Trade smart and trade well!

YM: 11255 highest odds short FTU. 11111 aggressive long. 11001 - 10975 highest odds long FTD. 

TraderSmarts Numbers for the YM Emini Futures - Friday October 22, 2010

Support becomes resistance and vice versa...

11047, 11072, 11105, 11131, 11211, 11288 Resistance on the YM Emini Futures

10975, 10937, 10859, 10820, 10794 - 10782 Supports

Trade smart and trade well!

YM: 11211 highest odds short FTU. 11001 - 10975 an area to consider long. Still expecting 10794 - 10782 to hit. That is highest odds long FTD.

TraderSmarts Numbers for the YM Emini Futures - Thursday October 21, 2010

Support becomes resistance and vice versa...

11076, 11133, 11211 Resistance on the YM Emini Futures

11055, 11001, 10975, 10937, 10897, 10859, 10820, 10794 - 10782 Supports

Trade smart and trade well!

YM: 11211 highest odds short FTU. 11001 - 10975 an area to consider long. Still expecting 10794 - 10782 to hit. That is highest odds long FTD.

The "BIL Move" Explained

The BIL move. A higher high or lower low usually on less volume and designed to take you (the smaller trader) out of the trade and let the big boys in the trade. Hence the name BIL move. The boys let their "brother in law" in the trade.

So if the move is going to be down and we just made a high and look to be reversing lower a BIL move would be a higher high, stopping you out and letting big boys in, before ultimately making the move down.

Note: I can not take credit for this term. It was taught to me by my friend Jan.

TraderSmarts Numbers for the YM Emini Futures - Wednesday October 20, 2010

Support becomes resistance and vice versa...

10975, 10993, 11055, 11076, 11133, 11211 Resistance on the YM Emini Futures

10937, 10897, 10859, 10820, 10794 - 10782 Supports

Trade smart and trade well!

YM:  11055 highest odds short FTU. 10993 also good area for short. 10975 an aggressive shrot. Expecting the 10794 - 10782 highest odds long FTD to hit before this move down is over.

TraderSmarts Numbers for the YM Emini Futures - Tuesday October 19, 2010

Support becomes resistance and vice versa...

11042, 11076, 11099, 11134, 11187, 11204 Resistance on the YM Emini Futures

10975, 10940, 10913, 10875, 10859, 10820, 10794 - 10782 Supports

Trade smart and trade well!

YM: 11076 highest odds short FTU. 11204 over that. 10794 - 10782 highest odds long FTD.

TraderSmarts Numbers for the YM Emini Futures - Monday October 18, 2010

Support becomes resistance and vice versa...

10987, 11029, 11041, 11079, 11134, 11187, 11204 Resistance on the YM Emini Futures

10975, 10940, 10913, 10875, 10859, 10820, 10794 - 10782 Supports
Trade smart and trade well!

Do not be overwhelmed by the amount of TS #'s for each contract. See where we are trading and consult the TS #'s accordingly.

YM: 11079 - 11043 highest odds short FTU. 11187 over that. 10794 - 10782 highest odds long FTD.

TraderSmarts Numbers for the YM Emini Futures - Friday October 15, 2010

Support becomes resistance and vice versa...

11082, 11134, 11160, 11204 Resistance on the YM Emini Futures

11043, 11108, 10993, 10975, 10940, 10913, 10875, 10859, 10820, 10794 - 10782 Supports

Trade smart and trade well!

YM: 11160 highest odds short FTU. 10794 - 10782 highest odds long FTD. 11082 area to consider short. 11008 area to consider long.

TraderSmarts Numbers for the YM Emini Futures - Thursday October 14, 2010

Support becomes resistance and vice versa...

11091, 11126, 11164, 11204 Resistance on the YM Emini Futures

11052, 11029, 11002, 10996, 10975, 10940, 10904, 10875, 10859, 10820, 10794, 10782 Supports.

Trade smart and trade well!

YM: 11126 highest odds short FTU. 10794 - 10782 highest odds long FTD. 10975 area to consider long especially if the 11126 has not been hit yet.

TraderSmarts Numbers for the YM Emini Futures - Wednesday October 13, 2010

Support becomes resistance and vice versa...

11126, 11091, 11048, 11029, 10996 Resistance on the YM Emini Futures

10975, 10940, 10905, 10875, 10859, 10820, 10794, 10783 Supports

Trade smart and trade well!

YM: 11048 highest odds short FTU. 10794 - 10782 and 10740 highest odds long FTD. 10905 IF it is made before 11048 hits area to consider long.

TraderSmarts Numbers for the YM Emini Futures - Tuesday October 12, 2010

Support becomes resistance and vice versa...

11052, 11029, 10996, 10975, 10942 Resistance on the YM Emini Futures

10905, 10875, 10859, 10820, 10794, 10782, 10740 Supports.

Trade smart and trade well!

YM: 11052 - 11029 highest odds short FTU. 10975 aggressive spot to consider short. 10820 area to consider long. 10794 - 10782 and 10740 highest odds long FTD.

Updated TraderSmarts Numbers for the YM Emini Futures - Monday October 11, 2010

Support becomes resistance and vice versa...

11052, 11029, 10996, 10975 Resistance on the YM Emini Futures

10942, 10905, 10875, 10859, 10820, 10794, 10782, 10740 Supports

Trade smart and trade well! 

YM: 11052 - 11029 highest odds short FTU. 10975 aggressive spot to consider short. 10859 area to consider short. 10794 - 10782 and 10740 highest odds long FTD.

TraderSmarts Numbers for the YM Emini Futures - Friday October 8, 2010

Support becomes resistance and vice versa...

10952, 10975, 10996, 11029, 11052 Resistance on the YM Emini Futures

10914, 10882, 10820, 10794, 10782, 10740, 10712, 10695, 10657, 10582 Supports

Trade smart and trade well!

NFP at 5:30 AM PST.

YM: Still viewing 10882 as the line in the sand. 11029 - 10996 highest odds short FTU. 10952 spot to consider short. 10794 - 10782 and 10740 area to consider long.

TraderSmarts Numbers for the YM Emini Futures - Thursday October 7, 2010

Support becomes resistance and vice versa...

10940, 10975, 10996 Resistance on the YM Emini Futures

10882, 10820, 10794, 10782, 10740, 10712, 10695, 10657, 10582 Supports

Trade smart and trade well!

YM: Viewing 10882 as the line in the sand. 10975 - 10940 highest odds short FTU. 10794 - 10782 and 10740 area to consider long.

TraderSmarts Numbers for the YM Emini Futures - Wednesday October 6, 2010

Support becomes resistance and vice versa...

10882, 10940, 10975 Resistance on the YM Emini Futures

10870, 10820, 10794, 10782, 10740, 10712, 10695, 10657, 10582 Supports

Trade smart and trade well!

 

YM: 10975 - 10940 highest odds short FTU. 10794 - 10782 highest odds long FTD.

How I have been trading the 6E

Okay so this is how I have been trading the 6E for about the past 24 hours. I have been getting short in one account at my Key Areas and riding it down while moving profit stop. Then after I get short in one account I've been going long in another account - WHEN the market and my short comes to a point that is Key Support and it looks like we are going to reverse back up.

As has been the case at these areas where I get long the long trade has worked and the short trade gets profit stopped. The resiliency of the euro is amazing. Eventually here I think the short trade will keep going and the long trade will be stopped. When this happens the reversal could finally be on. Nevertheless I think we are near to at least an intermediate term top.

TraderSmarts Numbers for the YM Emini Futures - Tuesday October 5, 2010

Support becomes resistance and vice versa...

10708, 10740, 10794, 10820, 10886, 10940, 10975 Resistance on the YM Emini Futures

10695, 10657, 10582, 10537, 10497, 10378, 10290, 10245 Supports

Trade smart and trade well!

YM: 10740 - 10708 highest odds short FTU. 10537 highest odds long FTD. Will be looking at 10582.

TraderSmarts Carne Asada

Here is how I make my Carne Asada

4 lbs flank steak

1/3 cup worchestire

1/3 cup soy sauce

1/3 cup white vinegar

4 large cloves of minced garlic

juice from 6 limes

juice from 6 lemons

salt and pepper to taste

1/4 teaspoon cummins

2/3 cup olive oil

generous splash of orange juice

You can use the store bought 100% lime and lemon juice if you are feeling lazy.

Make this the night before you are going to cook it.

Take two of the big gallon size ziplock plastic freezer bags. Put one bag inside the other (in case one leaks) and put on a large plate open side up. Mince the garlic and combine all ingredients in the plastic bags. Slice the flank steak at an angle into thin strips and put each strip into the bag of marinade as you cut them off. Once the entire 4 lbs is in the bag squeeze the air out of both bags and ziplock the bags. Lift up the bag and massage the meat with your hands through the bags to get the marinade fully on all the steak. Lay the bag on it's side on the plate (so the marinade covers all the steak in bag) and place in fridge to marinate over night. In the morning massage meat again and turn the bag over.

Grill to desired doneness when time to cook.

(Cooking note: while I like my NY strip, Fillet, Ribeye, etc. much rarer I prefer this Carne Asada cooked pretty well. It will still be tender because of the overnight marination and the charbroil gives it extra flavor.)

Enjoy with pico de gallo, tortillas and frijoles borrachos!

TraderSmarts Numbers for the YM Emini Futures - Monday October 4, 2010

Support becomes resistance and vice versa...

10794, 10820, 10886, 10940, 10975 Resistance on the YM Emini Futures

10742, 10708, 10695, 10657, 10582, 10537, 10497 Supports

Trade smart and trade well!

YM: 10794 highest odds short FTU. 10537 highest odds long FTD. 10647 good spot to consider long.