Support becomes resistance and vice versa...
11015, 11032, 11058, 11091, 11129, 11197, 10242 - 10250 Resistance on the YM Emini Futures
10994, 10975, 10940, 10897, 10859, 10820, 10794 Supports
Trade smart and trade well!
YM: 11242 and 11129 highest odds areas to consider short FTU. 11032 - 11015 aggressive short. 10820 - 10794 highest odds long FTD. 10897 an excellent spot to consider long.
http://www.tradersmarts.net/
Tuesday, November 30, 2010
Monday, November 29, 2010
TraderSmarts Numbers for the YM Emini Futures - Tuesday November 30, 2010
Support becomes resistance and vice versa...
11059, 11091, 11112, 11129, 11153, 11197, 11242, 11261, 11273, 11293, 11322 Resistance on the YM Emini Futures
11027, 11000, 10975, 10940, 10897, 10859, 10820, 10794 Supports
Trade smart and trade well!
YM: 11129 highest odds and also an aggressive short FTU. 11091 good area to consider short. 10820 - 10794 highest odds long FTD. 10897 an excellent spot to consider long.
http://www.tradersmarts.net/ If you use the YM TS #'s - don't be cheap!
11059, 11091, 11112, 11129, 11153, 11197, 11242, 11261, 11273, 11293, 11322 Resistance on the YM Emini Futures
11027, 11000, 10975, 10940, 10897, 10859, 10820, 10794 Supports
Trade smart and trade well!
YM: 11129 highest odds and also an aggressive short FTU. 11091 good area to consider short. 10820 - 10794 highest odds long FTD. 10897 an excellent spot to consider long.
http://www.tradersmarts.net/ If you use the YM TS #'s - don't be cheap!
Sunday, November 28, 2010
TraderSmarts Numbers for the YM Emini Futures - Monday November 29, 2010
Support becomes resistance and vice versa...
11091, 11112, 11129, 11153, 11197, 11242, 11261, 11273, 11293, 11322 Resistance on the YM Emini Futures
11059, 11027, 11000, 10975, 10940, 10897, 10859, 10820, 10794 Supports
Trade smart and trade well!
YM: 11129 highest odds and also an aggressive short FTU. 11091 good area to consider short. 10897 highest odds long FTD. 10940 excellent spot to consider long.
http://www.tradersmarts.net/
11091, 11112, 11129, 11153, 11197, 11242, 11261, 11273, 11293, 11322 Resistance on the YM Emini Futures
11059, 11027, 11000, 10975, 10940, 10897, 10859, 10820, 10794 Supports
Trade smart and trade well!
YM: 11129 highest odds and also an aggressive short FTU. 11091 good area to consider short. 10897 highest odds long FTD. 10940 excellent spot to consider long.
http://www.tradersmarts.net/
Thursday, November 25, 2010
What I Am Thankful For...
As many of you know I make a habit out of being "Thankful" and nothing changes on Thanksgiving. I am so thankful first and foremost for God and all the blessings that he has bestowed up on me. Without God I would be nothing. I am thankful for my wife who is my life partner and best friend. She makes every day beautiful, even the tough days. I am thankful for our three incredible children who are a delight and joy and light in my life. It is not always easy having three so close in age (sometimes complete chaos in our house) but it is always worth it! I am thankful for my 19 year old and all the magnificent times that we have shared. I am thankful for my father who is no longer with us but who taught me many things and who inspired my interest in psychology and I am thankful for my mother who has always stood by me and who taught me from an early age what it means to have integrity and to love people. To all of my close friends and confidants who make me a better person I am eternally thankful.
I am thankful for all of my subscribers and blog readers and each and every one of you who I have met and become friends with through this medium we call Twitter and StockTwits. It has truly been a rewarding experience and I am so thankful and grateful to know you all.
Have a very Happy Thanksgiving and wishing much Peace and Prosperity to you and your family!
All the best,
TraderSmarts
Thank You Lord by Bob Marley http://tinysong.com/jXWx
I am thankful for all of my subscribers and blog readers and each and every one of you who I have met and become friends with through this medium we call Twitter and StockTwits. It has truly been a rewarding experience and I am so thankful and grateful to know you all.
Have a very Happy Thanksgiving and wishing much Peace and Prosperity to you and your family!
All the best,
TraderSmarts
Thank You Lord by Bob Marley http://tinysong.com/jXWx
Tuesday, November 23, 2010
Updated TraderSmarts Numbers for the YM Emini Futures - Wednesday November 24, 2010
Support becomes resistance and vice versa...
11075, 11088, 11115, 11132, 11167, 11197, 11242, 11261, 11273, 11293, 11322 Resistance on the YM Emini Futures
11027, 11000, 10975, 10940, 10897, 10859, 10820, 10794 Supports
Trade smart and trade well!
YM: 11322 highest odds short FTU. 11088 good area to consider short. 10897 followed by 10794 highest odds long FTD.
11075, 11088, 11115, 11132, 11167, 11197, 11242, 11261, 11273, 11293, 11322 Resistance on the YM Emini Futures
11027, 11000, 10975, 10940, 10897, 10859, 10820, 10794 Supports
Trade smart and trade well!
YM: 11322 highest odds short FTU. 11088 good area to consider short. 10897 followed by 10794 highest odds long FTD.
Monday, November 22, 2010
Updated TraderSmarts Numbers for the YM Emini Futures - Tuesday November 23, 2010
Support becomes resistance and vice versa...
11322, 11293, 11273, 11261, 11242, 11197, 11167, 11148 Resistance on the YM Emini Futures
11115, 11091, 11075, 11047, 11010, 10975, 10940, 10897 Supports
Trade smart and trade well!
YM: 11322 highest odds long short FTU. 11197 excellent spot to consider short. 10897 highest odds long FTD. 11091 good spot to consider long.
http://www.tradersmarts.net/
11322, 11293, 11273, 11261, 11242, 11197, 11167, 11148 Resistance on the YM Emini Futures
11115, 11091, 11075, 11047, 11010, 10975, 10940, 10897 Supports
Trade smart and trade well!
YM: 11322 highest odds long short FTU. 11197 excellent spot to consider short. 10897 highest odds long FTD. 11091 good spot to consider long.
http://www.tradersmarts.net/
Sunday, November 21, 2010
Updated TraderSmarts Numbers for the YM Emini Futures - Monday November 22, 2010
Support becomes resistance and vice versa...
11242, 11261, 11273, 11293, 11322 Resistance on the YM Emini Futures
11197, 11184, 11148, 11100, 11075, 11047, 11010, 10975, 10940, 10897 Supports
Trader smart and trade well!
YM: 11322 highest odds short FTU. 11293 - 11261 excellent spot to consider short. 11010 highest odds short FTU. 11148 excellent spot to consider short.
11242, 11261, 11273, 11293, 11322 Resistance on the YM Emini Futures
11197, 11184, 11148, 11100, 11075, 11047, 11010, 10975, 10940, 10897 Supports
Trader smart and trade well!
YM: 11322 highest odds short FTU. 11293 - 11261 excellent spot to consider short. 11010 highest odds short FTU. 11148 excellent spot to consider short.
Thursday, November 18, 2010
Updated TraderSmarts Numbers for the YM Emini Futures - Friday November 19, 2010
Support becomes resistance and vice versa...
11172, 11197, 11222, 11242, 11261, 11292 Resistance on the YM Emini Futures
11138, 11084, 11043, 11010, 10995, 10975, 10940, 10897 10859, 10820, 10794 Supports
Trade smart and trade well!
YM: 11292 - 11261 highest odds short FTU. 11242 good spot to consider short. 11010 highest odds long FTD. 11084 excellent spot to consider long.
http://www.tradersmarts.net/
11172, 11197, 11222, 11242, 11261, 11292 Resistance on the YM Emini Futures
11138, 11084, 11043, 11010, 10995, 10975, 10940, 10897 10859, 10820, 10794 Supports
Trade smart and trade well!
YM: 11292 - 11261 highest odds short FTU. 11242 good spot to consider short. 11010 highest odds long FTD. 11084 excellent spot to consider long.
http://www.tradersmarts.net/
Wednesday, November 17, 2010
Updated TraderSmarts Numbers for the YM - Thursday November 18, 2010
Support becomes resistance and vice versa...
11076, 11129, 11168, 11197, 11222, 11242, 11261, 11292 Resistance on the YM Emini Futures
11043, 11010, 10995, 10975, 10940, 10897 10859, 10820, 10794 Supports
Trade smart and trade well!
YM: 11129 highest odds short FTU. 11097 excellent spot to consider short. 10897 highest odds long FTD. Aggressive long 11010 - 11004
11076, 11129, 11168, 11197, 11222, 11242, 11261, 11292 Resistance on the YM Emini Futures
11043, 11010, 10995, 10975, 10940, 10897 10859, 10820, 10794 Supports
Trade smart and trade well!
YM: 11129 highest odds short FTU. 11097 excellent spot to consider short. 10897 highest odds long FTD. Aggressive long 11010 - 11004
Tuesday, November 16, 2010
TraderSmarts Numbers for the YM Emini Futures - Wednesday November 17, 2010
Support becomes resistance and vice versa...
11010, 11043, 11076, 11129, 11168, 11197, 11222, 11242, 11261, 11292 Resistance on the YM Emini Futures
10995, 10975, 10940, 10897, 10859, 10820, 10794 Supports
Trade smart and trade well!
YM: 11129 highest odds short FTU. 11076 excellent spot to consider short. 10897 highest odds short FTD.
http://www.tradersmarts.net/
11010, 11043, 11076, 11129, 11168, 11197, 11222, 11242, 11261, 11292 Resistance on the YM Emini Futures
10995, 10975, 10940, 10897, 10859, 10820, 10794 Supports
Trade smart and trade well!
YM: 11129 highest odds short FTU. 11076 excellent spot to consider short. 10897 highest odds short FTD.
http://www.tradersmarts.net/
Monday, November 15, 2010
TraderSmarts Numbers for the YM Emini Futures - Tuesday November 16, 2010
Support becomes resistance and vice versa...
11168, 11197, 11222, 11242, 11261, 11292, 11333, 11359, 11405, 11437, 11470, 11477 Resistance on the YM Emini Futures
11129, 11085 - 11075, 11043, 10995 Supports
Trade smart and trade well!
YM: 11261 highest odds short FTU. 11197 good early spot to consider short. 10995 highest odds long FTD. 11085 - 11075 and 11043 excellent spots to consider long.
www.tradersmarts.net
11168, 11197, 11222, 11242, 11261, 11292, 11333, 11359, 11405, 11437, 11470, 11477 Resistance on the YM Emini Futures
11129, 11085 - 11075, 11043, 10995 Supports
Trade smart and trade well!
YM: 11261 highest odds short FTU. 11197 good early spot to consider short. 10995 highest odds long FTD. 11085 - 11075 and 11043 excellent spots to consider long.
www.tradersmarts.net
Sunday, November 14, 2010
TraderSmarts Numbers for the YM Emini Futures - Monday November 15, 2010
Support becomes resistance and vice versa...
11197, 11242, 11261, 11292, 11333, 11359, 11405, 11437, 11470, 11477 Resistance on the YM Emini Futures
11168, 11129, 11085 - 11075, 11043, 10995 Supports
Trade smart and trade well!
YM: 11261 highest odds short FTU. 11197 good early spot to consider short. 10995 highest odds long FTD. 11085 - 11075 excellent spot to consider long.
http://www.tradersmarts.net/
11197, 11242, 11261, 11292, 11333, 11359, 11405, 11437, 11470, 11477 Resistance on the YM Emini Futures
11168, 11129, 11085 - 11075, 11043, 10995 Supports
Trade smart and trade well!
YM: 11261 highest odds short FTU. 11197 good early spot to consider short. 10995 highest odds long FTD. 11085 - 11075 excellent spot to consider long.
http://www.tradersmarts.net/
How to use the TraderSmarts Numbers in tandem with your own areas of support & resistance.
It may surprise some to know that I have subscribers who use the TraderSmarts Numbers strictly for confirmation. These subscribers get their own support / resistance areas everyday. I encourage this! So why would you want to use the TraderSmarts Numbers if you get your own areas?
Well for one thing the TraderSmarts Numbers are extremely accurate! It is not uncommon for a TraderSmarts Number to be the high or low to the tick, or within a few ticks, of an intraday rotation, or of the actual high / low of the day. So what is the best way to use the TraderSmarts Numbers in tandem with your own numbers? The following is one way I recommend:
1. Without looking at the TraderSmarts Numbers you get your own areas for support / resistance for the next trading session (part of your nightly homework).
2. After you get your own areas you go through the TraderSmarts Numbers and compare with the areas you came up with. If a TraderSmarts Number lines up with your own area you put an asterisk next to your own number or designate it in some way. You give this area added significance for the following session. If it lines up with a "Highest Odds Short FTU or Highest Odds Long FTD" or an area I talk about in the contract notes you give it even more of an added significance.
3. The next step is key and there are two ways to do it depending on where you are at with your own areas:
A) If you are extremely confident in your own areas you ignore all the TradersSmarts Numbers during the following session that don't line up with your own. Don't even look at them don't know them. Don't confuse yourself.
or
B) If you are just starting to create your own areas or not so confident in them then you include the TraderSmarts Numbers that don't line up with your own areas as "areas to pay attention to" for the following session as well.
4. Then after the day is over you go through the charts and see how price reacted at your areas and at the TraderSmarts Numbers. This is only for review. If price reacted at a TraderSmarts Number that you didn't have see if you can see something that you didn't see before as to why that area would be significant.
Doing this will help you learn to create your own areas of support / resistance. If you already create your own areas of Support / Resistance then using the TraderSmarts Numbers in conjunction with your own areas will provide added confirmation prior to the next trading session of significant areas that you need to be paying attention to.
This confirmation and confluence alone can be an invaluable asset to your trading and is the reason I have subscribers who use the TraderSmarts Numbers strictly for this purpose!
Trade smart and trade well!
www.tradersmarts.net
Well for one thing the TraderSmarts Numbers are extremely accurate! It is not uncommon for a TraderSmarts Number to be the high or low to the tick, or within a few ticks, of an intraday rotation, or of the actual high / low of the day. So what is the best way to use the TraderSmarts Numbers in tandem with your own numbers? The following is one way I recommend:
1. Without looking at the TraderSmarts Numbers you get your own areas for support / resistance for the next trading session (part of your nightly homework).
2. After you get your own areas you go through the TraderSmarts Numbers and compare with the areas you came up with. If a TraderSmarts Number lines up with your own area you put an asterisk next to your own number or designate it in some way. You give this area added significance for the following session. If it lines up with a "Highest Odds Short FTU or Highest Odds Long FTD" or an area I talk about in the contract notes you give it even more of an added significance.
3. The next step is key and there are two ways to do it depending on where you are at with your own areas:
A) If you are extremely confident in your own areas you ignore all the TradersSmarts Numbers during the following session that don't line up with your own. Don't even look at them don't know them. Don't confuse yourself.
or
B) If you are just starting to create your own areas or not so confident in them then you include the TraderSmarts Numbers that don't line up with your own areas as "areas to pay attention to" for the following session as well.
4. Then after the day is over you go through the charts and see how price reacted at your areas and at the TraderSmarts Numbers. This is only for review. If price reacted at a TraderSmarts Number that you didn't have see if you can see something that you didn't see before as to why that area would be significant.
Doing this will help you learn to create your own areas of support / resistance. If you already create your own areas of Support / Resistance then using the TraderSmarts Numbers in conjunction with your own areas will provide added confirmation prior to the next trading session of significant areas that you need to be paying attention to.
This confirmation and confluence alone can be an invaluable asset to your trading and is the reason I have subscribers who use the TraderSmarts Numbers strictly for this purpose!
Trade smart and trade well!
www.tradersmarts.net
Friday, November 12, 2010
6E Trade
We are long 2X now off these 6E lows and sitting risk free in trade. TS #'s 1.3584 and 1.3572. These were the highest odds long FTD since last night. All are welcome come get on board:
www.tradersmarts.net
Here is the trade sequence:
Here comes 1.3584 - 1.3572 6E. That was highest odds long FTD today. I'm not in front of screens so can't get stop but should be good long. about 6 hours ago via TweetDeck
Back and in front of the charts. Stop on the 6E trade is under and holding 1.3550 about 5 hours ago via TweetDeck
There is no standard stop. Please read this if you have not: http://bit.ly/dhGwo8 RT @mattgulb: @TSTRADES what is standard stop? about 5 hours ago via TweetDeck
Long 6E 1.3584 will add 1.3572 about 1 hour ago via TweetDeck
First scale is 1.3595 about 1 hour ago via TweetDeck
Out 1/4 1.3595 + 11 about 1 hour ago via TweetDeck
Next scale is 1.3606 about 1 hour ago via TweetDeck
2nd scale filled out another 1/4 + 22 at 1.3606 about 1 hour ago via TweetDeck
Filled on add at 1.3572 6E 35 minutes ago via TweetDeck
Bailed on the 1.3584 at 1.3594 for + 10 and leaving on the 1.3572 29 minutes ago via TweetDeck
Next scale is 1.3616 and I will take of 3/8 of the 1.3572 there if get the chance. 28 minutes ago via TweetDeck
Hard stop at - 2 ticks on the 1.3572 long. Brackets working scale at 1.3616, next scale TS # 1.3638, TS # 1.3652 and 1.3708 22 minutes ago via TweetDeck
Scale filled out 1/4 + 44 at 1.3616 less than a minute ago via TweetDeck
Heading to bed. Brackets will take me out of rest. Goodnight! less than 10 seconds ago via TweetDeck
www.tradersmarts.net
Here is the trade sequence:
Here comes 1.3584 - 1.3572 6E. That was highest odds long FTD today. I'm not in front of screens so can't get stop but should be good long. about 6 hours ago via TweetDeck
Back and in front of the charts. Stop on the 6E trade is under and holding 1.3550 about 5 hours ago via TweetDeck
There is no standard stop. Please read this if you have not: http://bit.ly/dhGwo8 RT @mattgulb: @TSTRADES what is standard stop? about 5 hours ago via TweetDeck
Long 6E 1.3584 will add 1.3572 about 1 hour ago via TweetDeck
First scale is 1.3595 about 1 hour ago via TweetDeck
Out 1/4 1.3595 + 11 about 1 hour ago via TweetDeck
Next scale is 1.3606 about 1 hour ago via TweetDeck
2nd scale filled out another 1/4 + 22 at 1.3606 about 1 hour ago via TweetDeck
Filled on add at 1.3572 6E 35 minutes ago via TweetDeck
Bailed on the 1.3584 at 1.3594 for + 10 and leaving on the 1.3572 29 minutes ago via TweetDeck
Next scale is 1.3616 and I will take of 3/8 of the 1.3572 there if get the chance. 28 minutes ago via TweetDeck
Hard stop at - 2 ticks on the 1.3572 long. Brackets working scale at 1.3616, next scale TS # 1.3638, TS # 1.3652 and 1.3708 22 minutes ago via TweetDeck
Scale filled out 1/4 + 44 at 1.3616 less than a minute ago via TweetDeck
Heading to bed. Brackets will take me out of rest. Goodnight! less than 10 seconds ago via TweetDeck
Good morning! Friday, November 12, 2010 6:09:39 AM via web
6E trade was closed o/n. Out 2nd 1/4 + 64 at 1.3638, out 1/4 + 80 at 1.3652, and out last 1/4 + 136 at 1.3708. Friday, November 12, 2010 6:10:08 AM via web
Thursday, November 11, 2010
Updated TraderSmarts Numbers for the YM - Friday November 12, 2010
Support becomes resistance and vice versa...
11213, 11242, 11275, 11292, 11329, 11359, 11405, 11437, 11470, 11477 Resistance on the YM Emini Futures
11174, 11129, 11118, 11085 - 11075, 11043 Supports
Trade smart and trade well!
YM: 11359 highest odds short FTU. 11129 - 11118 highest odds long FTD.
www.tradersmarts.net
11213, 11242, 11275, 11292, 11329, 11359, 11405, 11437, 11470, 11477 Resistance on the YM Emini Futures
11174, 11129, 11118, 11085 - 11075, 11043 Supports
Trade smart and trade well!
YM: 11359 highest odds short FTU. 11129 - 11118 highest odds long FTD.
www.tradersmarts.net
Wednesday, November 10, 2010
Updated TraderSmarts Numbers for the YM Emini Futures - Thursday November 11, 2010
Support becomes resistance and vice versa...
11306, 11342, 11360, 11377, 11405, 11438, 11470, 11477, 11558, 11594 Resistance on the YM Emini Futures
11283, 11238, 11222, 11198, 11174, 11129, 11075 Supports
Trade smart and trade well!
YM: Just over 11342 is the highest odds and most aggressive short FTU. 11198 - 11175 highest odds long FTD. 10477 - 10470 is where I like short over that.
http://www.tradersmarts.net/
11306, 11342, 11360, 11377, 11405, 11438, 11470, 11477, 11558, 11594 Resistance on the YM Emini Futures
11283, 11238, 11222, 11198, 11174, 11129, 11075 Supports
Trade smart and trade well!
YM: Just over 11342 is the highest odds and most aggressive short FTU. 11198 - 11175 highest odds long FTD. 10477 - 10470 is where I like short over that.
http://www.tradersmarts.net/
Tuesday, November 9, 2010
Updated TraderSmarts Numbers for the YM - Wednesday November 9, 2010
Support becomes resistance and vice versa...
11335 - 11342, 11360, 11377, 11405, 11438, 11470, 11477, 11558, 11594 Resistance on the YM Emini Futures
11283, 11238, 11222, 11198, 11174, 11129, 11075 Supports
Trade smart and trade well!
YM: 11342 - 11335 highest odds and also the aggressive short FTU. 11222 highest odds long FTD. 11283 early aggressive long. 11198 - 11175 extreme long.
http://www.tradersmarts.net/
11335 - 11342, 11360, 11377, 11405, 11438, 11470, 11477, 11558, 11594 Resistance on the YM Emini Futures
11283, 11238, 11222, 11198, 11174, 11129, 11075 Supports
Trade smart and trade well!
YM: 11342 - 11335 highest odds and also the aggressive short FTU. 11222 highest odds long FTD. 11283 early aggressive long. 11198 - 11175 extreme long.
http://www.tradersmarts.net/
Updated TraderSmarts Numbers for the YM Emini Futurs - Tuesday November 9, 2010
Support becomes resistance and vice versa...
11377, 11405, 11438, 11470, 11477, 11558, 11594 Resistance on the YM Emini Futures
11358, 11342, 11283, 11238, 11222, 11198, 11174, 11129 Supports
Trade smart and trade well!
YM: Anticipating a move up to 11477 - 11470 highest odds short FTU. 11437 early spot to consider short. 11222 highest odds long FTD. 11283 early spot to consider long.
http://www.tradersmarts.net/
11377, 11405, 11438, 11470, 11477, 11558, 11594 Resistance on the YM Emini Futures
11358, 11342, 11283, 11238, 11222, 11198, 11174, 11129 Supports
Trade smart and trade well!
YM: Anticipating a move up to 11477 - 11470 highest odds short FTU. 11437 early spot to consider short. 11222 highest odds long FTD. 11283 early spot to consider long.
http://www.tradersmarts.net/
Monday, November 8, 2010
Some thoughts on the Intraday Alerts
Just sent this to someone who inquired about the Intraday Alerts and thought it would make a good blog post. A lot of people struggle with patience and consistency - this details some of my thoughts on the alerts...
My philosophy for this service can be summed up as trade less, make more. Today I only gave an alert on 1 trade which was short ZB. It was the best thing setting up. We only took 1 tick of heat after entry (initial risk was - 8 ticks and holding)...though we did have to wait awhile for final target to be hit! I left by about 11 AM PST with the remarks that we may have to wait until Europe tonight to get better/bigger setups. There was just not a lot setting up. There was lots of trades that you could have taken in the middle but I want to be alerting what I think are the "highest odds" trades.
A lot of people want to try to capture every tick but all you need is 1 - 2 highest odds trades a day to become consistently profitable. In this business, for the most part, you increase your earnings by hiring more employees (increasing your size) not by taking more trades. Usually taking more trades leads to a decrease in profitability. Of course I will alert things like aggressive traders consider short here, stop here, conservative traders consider short here, stop here, etc. but if what you really want is action - head to Vegas. If you want profitability need to be disciplined.
Also see the blog post: Qualities of Top Traders
Premium Subscriptions: www.tradersmarts.net
My philosophy for this service can be summed up as trade less, make more. Today I only gave an alert on 1 trade which was short ZB. It was the best thing setting up. We only took 1 tick of heat after entry (initial risk was - 8 ticks and holding)...though we did have to wait awhile for final target to be hit! I left by about 11 AM PST with the remarks that we may have to wait until Europe tonight to get better/bigger setups. There was just not a lot setting up. There was lots of trades that you could have taken in the middle but I want to be alerting what I think are the "highest odds" trades.
A lot of people want to try to capture every tick but all you need is 1 - 2 highest odds trades a day to become consistently profitable. In this business, for the most part, you increase your earnings by hiring more employees (increasing your size) not by taking more trades. Usually taking more trades leads to a decrease in profitability. Of course I will alert things like aggressive traders consider short here, stop here, conservative traders consider short here, stop here, etc. but if what you really want is action - head to Vegas. If you want profitability need to be disciplined.
Also see the blog post: Qualities of Top Traders
Premium Subscriptions: www.tradersmarts.net
Sunday, November 7, 2010
TraderSmarts Numbers for the YM Emini Futures - Monday November 8, 2010
Support becomes resistance and vice versa...
11364, 11377, 11405, 11437, 11470, 11477, 11558, 11594 Resistance on the YM Emini Futures
11342, 11283, 11238, 11222, 11198, 11174, 11129 Supports
Trade smart and trade well!
YM: 11477 - 11470 highest odds short FTU. 11437 early spot to consider short. 11222 highest odds long FTD. 11283 early spot to consider long.
11364, 11377, 11405, 11437, 11470, 11477, 11558, 11594 Resistance on the YM Emini Futures
11342, 11283, 11238, 11222, 11198, 11174, 11129 Supports
Trade smart and trade well!
YM: 11477 - 11470 highest odds short FTU. 11437 early spot to consider short. 11222 highest odds long FTD. 11283 early spot to consider long.
Thursday, November 4, 2010
TraderSmarts Numbers for the YM Emini Futures - Friday November 5, 2010
Support becomes resistance and vice versa...
11382, 11399, 11437, 11470, 11477, 11558, 11594 Resistance on the YM Emini Futures
11365, 11342, 11283, 11238, 11198, 11174, 11129 Supports
Trade smart and trade well!
YM: 11477 - 11470 highest odds short FTU. 11437 early spot to consider short. 11198 highest odds long FTD. 11283 early spot to consider long.
Wednesday, November 3, 2010
TraderSmarts Numbers for the YM Emini Futures - Thursday November 4, 2010
Support becomes resistance and vice versa...
11175, 11191, 11224, 11255, 11280, 11288, 11342, 11381 Resistance on the YM Emini Futures
11128, 11100, 11079, 11033, 10975, 10940, 10897 Supports
Trade smart and trade well!
YM: 11288 - 11280 highest odds short FTU. 11128 - 11100 aggressive long. 11079 highest odds long FTD. 11342 - 11381 is HUGE and an extreme on any reaction.
Tuesday, November 2, 2010
TraderSmarts Numbers for the YM Emini Futures - Wednesday November 3, 2010
Support becomes resistance and vice versa...
11191, 11224, 11255, 11280, 11288, 11342, 11381 Resistance on the YM Emini Futures
11155, 11121, 11079, 11033, 10975, 10940, 10897 Supports
Trade smart and trade well!
YM: 11288 - 11280 highest odds short FTU. 10940 - 10897 highest odds long FTD. 11121 aggressive long. 11342 - 11381 is HUGE and an extreme on any reaction.
www.tradersmarts.net - don't be cheap!
11191, 11224, 11255, 11280, 11288, 11342, 11381 Resistance on the YM Emini Futures
11155, 11121, 11079, 11033, 10975, 10940, 10897 Supports
Trade smart and trade well!
YM: 11288 - 11280 highest odds short FTU. 10940 - 10897 highest odds long FTD. 11121 aggressive long. 11342 - 11381 is HUGE and an extreme on any reaction.
www.tradersmarts.net - don't be cheap!
Monday, November 1, 2010
TraderSmarts Numbers for the YM Emini Futures - Tuesday November 2, 2010
Support becomes resistance and vice versa...
11129, 11145, 11191, 11255, 11270, 11288, 11297 Resistance on the YM Emini Futures
11079, 11033, 10975, 10940, 10897 Supports
Trade smart and trade well!
YM: 11191 aggressive short, again. 11297 - 11270 highest odds short FTU. 10940 - 10897 highest odds long FTD. 11033 aggressive long.
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