Monday, June 4, 2012

TraderSmarts Numbers for the YM Emini Futures - Tuesday May 5, 2012

Support becomes resistance and vice versa...

12108, 12124, 12140, 12149, 12236, 12270, 12284, 12310, 12344, 12378, 12382, 12414, 12423, 12442, 12465, 12482, 12494, 12503, 12422, 12545 Resistance on the YM Emini Futures

12057, 12034, 12003, 11944, 11914, 11831, 11758, 11688, 11670

Trade smart and trade well!

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

I tweeted this today in the private feed:
Just a hunch but I have a feeling we get a BIL low in Europe session (in equity but not 6E) and put in the low for the week.

YM: 12423 - 12414 extreme short. 12284 highest odds short FTU. 12236 range short. 12034 - 12003 range long. 12944 highest odds long FTD. 12688 - 11670 extreme long. Really liking this 12944 long for a potential BIL.

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. 

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