YM ES 6E CL Premium Contract Notes - Friday October 7, 2011

TraderSmarts Premium Numbers for the YM ES 6E CL - Friday October 7, 2011

 

*****Below are the Contract Notes ONLY I have not included the TS #'s for reason stated below*****

Instrument Contract Notes : Big Ideas for each Instrument

Equity: We have Three White Soldiers on the daily ES and YM and it would make sense to have a pause on the daily before deciding direction. With NFP I am expecting early wide swings followed by constriction of the range. Likely we get a doji on the day. I will be looking to fade extremes on either side of Thursday's close for a reversion back to the mean. Expectation is for the close on Friday to be at or near Thursday's close to slightly higher (possibly into 1164.5 on the ES).

YM: Seek long in the 10882 - 10835 zone for a move up into 11226 - 11196 short zone or seek short in 11196 - 11226 short zone FTU for move back to 11046 minimum. 11330 - 11321 extreme short.

ES: Seek short 1176.5 - 1171.75 FTU for move back to 1158.5 TS #. Two zones to stalk long (really one big zone) 1141.25 - 1133.75 and then 1133.75 - 1127. Stalk long in buy zone for move up into short zone.

6E: 1.3382 key line in the sand. Seek long first in the 1.3349 - 1.3307 zone and if we dip lower in the 1.3286 - 1.3275 zone for move back up into 1.3498 - 1.3525 short zone. If we move up first seek short in the 1.3498 - 1.3525 short zone for move back to 1.3382 TS #. 1.3563 extreme short. Keep in mind that 1.3474 - 1.3552 is an important obstacle FTU.

CL: Seek long in the 81.14 - 80.69 buy zone for move back up into 83.94 - 83.88 short zone. Seek short in the 83.94 - 83.88 short zone for move back down into 81.14 - 80.69 buy zone.

*****I was going to include the Premium TraderSmarts Numbers for each instrument here but we have TS #'s way outside of the current trading range and it wouldn't be fair to members if I posted those for all to see - I will post some charts later showing TS #'s in the current trading range*****