Wednesday, May 30, 2012

TraderSmarts Numbers for the YM Emini Futures - Wednesday May 30, 2012

Support becomes resistance and vice versa...

12522, 12545, 12559, 12578, 12610, 12618, 12640, 12658, 12696, 12723, 12738, 12757,1 2786, 12800, 12822, 12833, 12857, 12885 Resistance on the YM Emini Futures

12503, 12494, 12465, 12442, 12423, 12414, 12382 - 12378, 12344, 12310, 12287, 12280, 12270, 12149, 12140, 12124, 12034, 12003, 11944 Supports

Trade smart and trade well!
  
YM: 12786 - 12757 extreme short. 12568 - 12640 highest odds short FTU. 12582 - 12559 range short. 12494 - 12465 range long. 12382 - 12378 and 12344 two spots for highest odds long FTD. 12286 - 12266, 12149 - 12140 and 12034 - 12003 extremes.

ES YM 6E CL GC TraderSmarts Numbers + Live Trade Alerts www.tradersmarts.net

I've talked about this a lot in the alerts but we need to be using the Range, Highest Odds, and Extremes not just for trade entries but also as targets. If we are not taking advantage of moves INTO the Range, Highest Odds, and Extremes we are missing out on a very important aspect of the TraderSmarts Numbers. Prices want to test the important TraderSmarts Numbers. The contract notes are important. 

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