Red Fridays

So today I made the cardinal sin of being aggressive on a Friday after a good week and ahead of a long weekend.  And it was on an aggressive trade to boot, stalking short CL at Range Long from my Execution/Target Zones from the TS TradePlan homework I had done the night before.

I had reasons to stalk the breakdown short that were valid:

1. Context of trade since beginning of session in CL. Specifically initial support at Aggressive Range Long into London open then support at Range Long followed by Resistance at Aggressive Range Long on test from below followed by break on volume through Range Long into 93.04 at pit open and subsequent bounce to 93.52. It WAS an aggressive stance to take and I said it a the time. In addition there was positive divergence on smaller time frames on the 93.04 low and it was pit open low.

2. 30/60 min was decidedly bearish though and unless I am picking a turn / CIT (which in this case it would have been at Range Long if I stalked long instead of short) I usually like to trade inline with what the 30/60 min is telling me and use smaller time frames for the executions.

3. Clear HOL FTD target and below that into Extreme on breakdown from Range Long.

Anyway I stalked the aggressive short and kept stalking it aggressively into potential BIL of the 93.52 high and needles to say it never paid off as I clearly had the direction, at least direction from Range Long, plain wrong today.

I stalked short for continuation down keying on Range Long and instead CL reversed, turned up, and then moved higher for the rest of the session... the up move starting from Range Long.

So I had a red day, and after a good week too, which is never fun heading into a long weekend.

I'm not going to get all down about it though. I'm writing this because I have been in the situation before where I've let a bad Friday bum out my weekend and it's not productive. I know there are other traders out there who have been in the same situation or who will be in the future...so maybe they see this, read it, and it helps.

Conclusion:

It's not the first time I've had a bad Friday and it might not be the last. The fact is when we enter the market we don't know what is going to happen and sometimes trades don't work. That is trading. I have confidence in my strategy because I know it is profitable and while always mitigating risk I accept losses as part of the process.

I'm posting the CL chart below for oil so you can see what I am talking about above regarding stalking short for breakdown from Range Long:

I will be, for the most part, putting the charts away until Sunday, and spending time this weekend with family. I have some specific activities I want to do with each of my kids. We have a horse running. And there is nothing like quiet peaceful reflection time to think about the many blessing we all share. I like to sit and think and consciously give thanks and feel grateful for my blessings. Even the most basic stuff: vision, hearing, mobility (even with these bum knees now) — each individual breath of life!

 Happy Memorial Day Weekend!

TS TradePlan Chart Review - Thursday May 23, 2013

ES

6E

CL 

YM

TS TradePlan for the YM Emini Futures - Friday May 24, 2013

TraderSmarts Numbers for YM (M)

15555, 15447, 15387, 15371, 15364, 15358, 15337, 15329, 15311, 15309, 13266, 15257, 15243, 15232, 15225, 15210, 15193, 15175, 15167, 15155, 15115, 15097, 15079, 15062, 15056, 15040, 15022, 15015, 15000, 14986,  14977, 14942, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385 Support / Resistance on the YM Emini Futures

YM Contract Notes: 15337 - 15329 TS # Zone is LIS Friday.  I noticed some blowoff type spikes intraday Tuesday. Potential blowoff high on Wednesday. Hammer Thursday. Currently weekly doji with one day left in the candle. We shall see what Friday brings. See Macro Technical View.

Macro Technical View:  15175 TS # target up hit. 15218, a major Dow cash target also hit, and market keeps moving higher. Still favoring shorts keying on Execution/Target Zones. 14707 key below. 

New all time highs for the Dow. 15175 is Macro LIS. Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 (target hit) on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes (in light of move up since end of 2012). 

YM Execution/Targets Zones:

15555 Extreme Short

15447 Highest Odds Short FTU

15371 - 15358 Range Short

15225 Range Long 

15193 - 15175 Highest Odds Long FTD

15056 - 15040 Extreme Long 

Trade smart and trade well!

TS TradePlan for the YM Emini Futures - Thursday May 23, 2013

TraderSmarts Numbers for YM (M)

15555, 15447, 15387, 15364, 15337, 15329, 15311, 15309, 13266, 15257, 15243, 15232, 15225, 15210, 15193, 15175, 15167, 15155, 15115, 15097, 15079, 15062, 15056, 15040, 15022, 15015, 15000, 14986,  14977, 14942, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385 Support / Resistance on the YM Emini Futures

YM Contract Notes: 15337 - 15329 TS # Zone is LIS Thursday.  I noticed some blowoff type spikes intraday Tuesday. Potential blowoff high on Wednesday. We shall see what the rest of the week brings. See Macro Technical View. If volatility continues Thursday, and seeing no reason why it shouldn't with a full eco calendar and following Wed candle, there is a very good probability of Extreme Long being tested. No change in short Execution Target Zones but keep in mind 15337 - 15329 LIS. 

Macro Technical View:  15175 TS # target up hit. 15218, a major Dow cash target also hit, and market keeps moving higher. Still favoring shorts keying on Execution/Target Zones. 14707 key below. 

New all time highs for the Dow. 15175 is Macro LIS. Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 (target hit) on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes (in light of move up since end of 2012). 

YM Execution/Targets Zones:

15555 Extreme Short

15447 Highest Odds Short FTU

15387 - 15364 Range Short

15232 - 15210 Range Long 

15193 - 15175 Highest Odds Long FTD

15056 - 15040 Extreme Long 

Trade smart and trade well!

TS TradePlan for the YM Emini Futures - Wednesday May 22, 2013

TraderSmarts Numbers for YM (M)

15555, 15446, 15387, 15364, 15333, 15329, 15311, 15309, 13266, 15257, 15243, 15232, 15210, 15193, 15175, 15167, 15155, 15115, 15097, 15079, 15062, 15056, 15022, 15015, 15000, 14986,  14977, 14942, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385 Support / Resistance on the YM Emini Futures

YM Contract Notes: See Macro Technical View. I noticed some blowoff type spikes intraday Tuesday. 

Macro Technical View:  15175 TS # target up hit. 15218, a major Dow cash target also hit, and market keeps moving higher. Still favoring shorts keying on Execution/Target Zones. 14707 key below. 

New all time highs for the Dow. 15175 is Macro LIS. Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 (target hit) on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes (in light of move up since end of 2012). 

YM Execution/Targets Zones:

15555 Extreme Short

15446 Highest Odds Short FTU

15387 - 15364 Range Short

15333 - 15329 Range Long 

15266 - 16243 Highest Odds Long FTD

15193 - 15175 Extreme Long 

Trade smart and trade well!

TS TradePlan for the YM Emini Futures - Tuesday May 21, 2013

TraderSmarts Numbers for YM (M)

15555, 15446, 15387, 15364, 15333, 15329, 15311, 15309, 13266, 15257, 15243, 15232, 15210, 15193, 15175, 15167, 15155, 15115, 15097, 15079, 15062, 15056, 15022, 15015, 15000, 14986,  14977, 14942, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385 Support / Resistance on the YM Emini Futures

YM Contract Notes: See Macro Technical View.

Macro Technical View:  15175 TS # target up hit. 15218, a major Dow cash target also hit, and market keeps moving higher. Still favoring shorts keying on Execution/Target Zones. 14707 key below. 

New all time highs for the Dow. 15175 is Macro LIS. Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 (target hit) on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes (in light of move up since end of 2012). 

YM Execution/Targets Zones:

15555 Extreme Short

15446 Highest Odds Short FTU

15387 - 15364 Range Short

15266 - 15243 Range Long 

15193 - 15175 Highest Odds Long FTD

15062 - 15056 Extreme Long 

Trade smart and trade well!

TS TradePlan for the YM Emini Futures - Monday May 20, 2013

TraderSmarts Numbers for YM (M)

15555, 15446, 15387, 15364, 15333, 15329, 15311, 15309, 13266, 15257, 15243, 15232, 15210, 15193, 15175, 15167, 15155, 15115, 15097, 15079, 15062, 15056, 15022, 15015, 15000, 14986,  14977, 14942, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385 Support / Resistance on the YM Emini Futures

YM Contract Notes: 

Macro Technical View:  15175 TS # target up hit. 15218, a major Dow cash target also hit, and market keeps moving higher. Still favoring shorts keying on Execution/Target Zones. 14707 key below. 

New all time highs for the Dow. 15175 is Macro LIS. Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 (target hit) on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes (in light of move up since end of 2012). 

YM Execution/Targets Zones:

15446 Extreme Short

15387 - 15364 Highest Odds Short FTU

15333 - 15329 Range Short

15266 - 15243 Range Long 

15193 - 15175 Highest Odds Long FTD

15062 - 15056 Extreme Long 

Trade smart and trade well!

TS TradePlan for the YM Emini Futures - Friday May 17, 2013

TraderSmarts Numbers for YM (M)

15387, 15333, 15329, 15311, 15309, 15257, 15243, 15232, 15210, 15193, 15175, 15167, 15155, 15115, 15097, 15079, 15062, 15056, 15022, 15015, 15000, 14986,  14977, 14942, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385 Support / Resistance on the YM Emini Futures

YM Contract Notes: See Macro Tech View below. 15175 TS # is LIS Friday. Note that all Long Execution/Target Zones are higher so in case of of big red may pay to keep in mind Execution/Target Zones from Wednesday TS TradePlan. 

Macro Technical View:  15175 TS # target up hit. 15218 Dow cash target  hit. Favoring shorts keying on Execution/Target Zones. 14707 key below. 

New all time highs for the Dow. 15175 is Macro LIS. Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 (target hit) on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes (in light of move up since end of 2012). 

YM Execution/Targets Zones:

15387 Extreme Short

15333 - 15329 Highest Odds Short FTU

15257 - 15243 Range Short

15167 - 15155 Range Long 

15115 - 15097 Highest Odds Long FTD

15062 - 15056 Extreme Long 

Trade smart and trade well!

TS TradePlan for the YM Emini Futures - Thursday May 16, 2013

TraderSmarts Numbers for YM (M)

15387, 15333, 15311, 15309, 15243, 15232, 15210, 15193, 15175, 15167, 15155, 15115, 15097, 15079, 15062, 15056, 15022, 15015, 15000, 14986,  14977, 14942, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385 Support / Resistance on the YM Emini Futures

YM Contract Notes: See Macro Tech View below. 15175 TS # is LIS Thursday. Note that all Long Execution/Target Zones are higher so in case of of big red may pay to keep in mind Execution/Target Zones from Wednesday TS TradePlan. 

Macro Technical View:  15175 TS # target up hit. 15218 Dow cash target  hit. Favoring shorts keying on Execution/Target Zones. 14707 key below. 

New all time highs for the Dow. 15175 is Macro LIS. Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 (target hit) on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes (in light of move up since end of 2012). 

YM Execution/Targets Zones:

15387 Extreme Short

15311 - 15309 Highest Odds Short FTU

15243 - 15232 Range Short

15167 - 15155 Range Long 

15115 - 15097 Highest Odds Long FTD

15062 - 15056 Extreme Long 

Trade smart and trade well!

TS TradePlan for the YM Emini Futures - Wednesday May 15, 2013

TraderSmarts Numbers for YM (M)

15333, 15311, 15243, 15232, 15210, 15193, 15175, 15155, 15115, 15097, 15079, 15062, 15056, 15022, 15015, 15000, 14986,  14977, 14942, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385 Support / Resistance on the YM Emini Futures

YM Contract Notes: See Macro Tech View below...

Macro Technical View:  15175 TS # standing out as target up. << 15175 target up hit. 15218 Dow cash target  hit. Favoring shorts keying on Execution/Target Zones. 14707 below. 

New all time highs for the Dow. 14048 TS # is Macro LIS. Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes (in light of move up since end of 2012). 

YM Execution/Targets Zones:

15333 - 15311 Extreme Short

15243 - 15232 Highest Odds Short FTU

15193 - 15175 Range Short

15115 Range Long 

14986 - 14977 Highest Odds Long FTD

14828 - 14816 Extreme Long 

Trade smart and trade well!

TS TradePlan for the YM Emini Futures - Tuesday May 14, 2013

TraderSmarts Numbers for YM (M)

15333, 15311, 15243, 15210, 15193, 15175, 15155, 15097, 15079, 15062, 15056, 15022, 15015, 15000, 14986,  14977, 14942, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures

YM Contract Notes: Support Friday and again Monday at 15022 - 15015 TS # Zone. I'm keeping it simple Tuesday and keeping the focus on TS #'s and Execution / Target Zones. Only change in TS #'s is addition of 15193 TS #. Watch Range Long in ES for support in YM Tuesday. Could be considered Aggressive Range Long and a likely "hold" spot if we march to 15175 TS # Target. 

Macro Technical View:  15175 TS # standing out as target up. 14707 below. 

New all time highs for the Dow. 14048 TS # is Macro LIS. Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes (in light of move up since end of 2012). 

YM Execution/Targets Zones:

15243 Extreme Short

15175 - 15155 Highest Odds Short FTU

14097 - 15079 Range Short

14986 - 14977 Range Long 

14907 Highest Odds Long FTD

14828 - 14816 Extreme Long 

Trade smart and trade well!

TS TradePlan for the YM Emini Futures - Monday May 13, 2013

TraderSmarts Numbers for YM (M)

15333, 15311, 15243, 15210, 15175, 15155, 15097, 15079, 15062, 15056, 15022, 15015, 15000, 14986,  14977, 14942, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futues.

YM Contract Notes: Support Friday at 15022 - 15015.Will be focusing on Execution / Target Zones and the TS # 's in between Monday. 

Macro Technical View:  Favoring cautious shorts and looking for big red flush day in next few sessions targeting Extreme Long into 14707. 

New all time highs for the Dow. 14048 TS # is Macro LIS. Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes. 

YM Execution/Targets Zones:

15243 Extreme Short

15175 - 15155 Highest Odds Short FTU

15079 - 15062 Range Short

14986 - 14977 Range Long 

14907 Highest Odds Long FTD

14828 - 14816 Extreme Long 

Trade smart and trade well!

TS TradePlan for the YM Emini Futures - Friday May 10, 2013

TraderSmarts Numbers for YM (M)

15333, 15311, 15243, 15210, 15175, 15155, 15097, 15079, 15062, 15056, 15022, 15015, 15000, 14977, 14942, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322

YM Contract Notes: Squeeze on NFP. Consolidation Monday. Continuation Tuesday. Continuation on Wednesday. Doji Thursday. Do or die Friday. Paying attention to ES short Execution/Target Zones inline with YM. Be aware of 15022 - 15015 TS # Zone for potential support on test below. 

Macro Technical View:  Favoring cautious shorts and looking for big red flush day in next few sessions targeting Extreme Long 14707. 

New all time highs for the Dow. 14048 TS # is Macro LIS. Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes. 

YM Execution/Targets Zones:

15243 Extreme Short

15175 - 15155 Highest Odds Short FTU

15097 - 15079 Range Short

14977 Range Long 

14828 - 14816 Highest Odds Long FTD

14707 Extreme Long 

Trade smart and trade well!

TS TradePlan Chart Review (ES YM 6E CL GC) - Thursday May 9, 2013

ES

YM

6E

CL 

GC

Trade smart and trade well!

TS TradePlan for the YM Emini Futures - Thursday May 9, 2013

TraderSmarts Numbers for YM (M)

15333, 15311, 15243, 15210, 15175, 15155, 15097, 15079, 15056, 15022, 15015, 15000, 14977, 14942, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures

YM Contract Notes: Squeeze on NFP. Consolidation Monday. Continuation Tuesday. Continuation on Wednesday. Paying attention to ES short Execution/Target Zones inline with YM. Be aware of 15022 - 15015 TS # Zone for potential support on test below. 

Macro Technical View:  Favoring cautious shorts and looking for big red flush day in next few sessions targeting Extreme Long 14707. 

New all time highs for the Dow. 14048 TS # is Macro LIS. Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes. 

YM Execution/Targets Zones:

15243 Extreme Short

15175 - 15155 Highest Odds Short FTU

15097 - 15079 Range Short

14977 Range Long 

14828 - 14816 Highest Odds Long FTD

14707 Extreme Long 

Trade smart and trade well!

TS TradePlan for the YM Emini Futures - Wednesday May 8, 2013

TraderSmarts Numbers for YM (M)

15333, 15311, 15243, 15210, 15175, 15155, 15097, 15056, 15022, 15015, 15000, 14942, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures

YM Contract Notes: Squeeze on NFP. Consolidation Monday. Continuation Tuesday. Paying attention to ES short Execution/Target Zones inline with YM.

Macro Technical View:  New all time highs for the Dow. 14048 TS # is Macro LIS. 

Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes. 

YM Execution/Targets Zones:

15175 Extreme Short

15097 Highest Odds Short FTU

15022 - 15015 Range Short

14942 Range Long 

14828 - 14816 Highest Odds Long FTD

14707 Extreme Long 

Trade smart and trade well!

TS TradePlan for the YM Emini Futures - Tuesay May 7, 2013

TraderSmarts Numbers for YM (M)

15333, 15311, 15243, 15210, 15155, 15015, 15000, 14940, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures

YM Contract Notes: Squeeze on NFP. Consolidation Monday. Look for short Execution Target Zones to be hit and Long Execution Target Zones to give support. See Macro note below.  Using Range Short as LIS for direction / trend day. 

Macro Technical View:  New all time highs for the Dow. 14048 TS # is Macro LIS. 

Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes. 

YM Execution/Targets Zones:

15155 Extreme Short

15015 Highest Odds Short FTU

14921 - 14907 Range Short

14828 - 14816 Range Long 

14774 Highest Odds Long FTD

14707 Extreme Long 

Trade smart and trade well!

60 Minutes Interview - Paul Tudor Jones

Sign Of Our Times - The "Bare Ass Gap" Trade

Lululemon

TS TradePlan for the YM Emini Futures - Monday May 6, 2013

TraderSmarts Numbers for YM (M)

15333, 15311, 15243, 15210, 15155, 15015, 15000, 14940, 14921, 14907, 14875, 14842, 14838, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures

YM Contract Notes: Squeeze on NFP. No reason to reverse Monday. Look for short Execution Target Zones to be hit and Long Execution Target Zones to give support. See Macro note below. 

Macro Technical View:  New all time highs for the Dow. 14048 TS # is Macro LIS. 

Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 on DOW Cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes. 

YM Execution/Targets Zones:

15333 - 15311 Extreme Short

15155 Highest Odds Short FTU

15015 Range Short

14828 Range Long 

14774 Highest Odds Long FTD

14707 Extreme Long 

Trade smart and trade well!

TS TradePlan for the YM Emini Futures - Friday May 3, 2013

TraderSmarts Numbers for YM (M)

15311, 15243, 15155, 15000, 14940, 14921, 14907, 14875, 14842, 14838, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures

YM Contract Notes: 14707 LIS Friday. NFP 5:30 AM PST. See Macro note below.

Macro Technical View:  New all time highs for the Dow. 14048 TS # is Macro LIS. Sticking to Execution / Target Zones for NFP.

Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 on DOW Cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes. 

YM Execution/Targets Zones:

14921 - 14907 Extreme Short

14842 - 14838 Highest Odds Short FTU

14762 Range Short

14707 Range Long 

14630 - 14611 Highest Odds Long FTD

14490 - 14477 Extreme Long 

Support becomes resistance and vice versa...

Trade smart and trade well!

TS TradePlan for ES YM 6E GC CL + TS Trades (Live Trade Alerts / Market Commentary / Private Twitter Feed): www.tradersmarts.net

TS TradePlan for the YM Emini Futures - Thursday May 2, 2013

TraderSmarts Numbers for YM (M)

15311, 15243, 15155, 15000, 14940, 14921, 14907, 14875, 14842, 14838, 14810, 14790, 14774, 14762, 14742, 14727, 14712, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures

YM Contract Notes: 14648 TS # LIS Thursday. See Macro note below. If mkt is very week look for potential resistance o/n to come in just below 14685 TS #

Macro Technical View:  New all time highs for the Dow. 14048 TS # is Macro LIS. Favoring shorts early in week for c/b above 14648 - 14630 TS # then see if we can resolve below and let work potentially campaign. <<<Playing out well so far now need break under 14648 TS # and hold. 

Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 on DOW Cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes. 

YM Execution/Targets Zones:

14921 - 14907 Extreme Short

14762 Highest Odds Short FTU

14727 - 14712 Range Short

14630 - 14611 Range Long 

14490 - 14477 Highest Odds Long FTD

14234 Extreme Long 

Support becomes resistance and vice versa...

Trade smart and trade well!

TS TradePlan for ES YM 6E GC CL + TS Trades (Live Trade Alerts / Market Commentary / Private Twitter Feed): www.tradersmarts.net

TS TradePlan for the YM Emini Futures - Wednesday May 1, 2013

TraderSmarts Numbers for YM (M)

15311, 15243, 15155, 15000, 14940, 14921, 14907, 14875, 14842, 14838, 14810, 14790, 14774, 14762, 14742, 14727, 14712, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322  Support / Resistance on the YM Emini Futures

YM Contract Notes: 14727 TS # Zone is LIS Wednesay. See Macro note below. 

Macro Technical View:  New all time highs for the Dow. 14048 TS # is Macro LIS. Favoring shorts early in week for c/b above 14648 - 14630 TS # then see if we can resolve below and let work potentially campaign. 

Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 on DOW Cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes. 

YM Execution/Targets Zones:

14921 - 14907 Extreme Short

14842 - 14838 Highest Odds Short FTU

14810 - 14790 Range Short

14727 - 14712 Range Long 

14648 - 14630 Highest Odds Long FTD

14490 - 1447 Extreme Long 

Support becomes resistance and vice versa...

Trade smart and trade well!

TS TradePlan for ES YM 6E GC CL + TS Trades (Live Trade Alerts / Market Commentary / Private Twitter Feed): www.tradersmarts.net

TS TradePlan for the YM Emini Futures - Tuesday April 30, 2013

TraderSmarts Numbers for YM (M)

15311, 15243, 15155, 15000, 14921, 14907, 14875, 14842, 14838, 14790, 14774, 14762, 14742, 14727, 14712, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures

YM Contract Notes: 14742 - 14727 TS # Zone is LIS for direction Tuesday. See Macro note below. 

Macro Technical View:  New all time highs for the Dow. 14048 TS # is Macro LIS. Favoring shorts early in week for c/b above 14648 - 14630 TS # then see if we can resolve below and let work potentially campaign. 

Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 on DOW Cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes. 

YM Execution/Targets Zones:

14875 Extreme Short

14842 - 14838 Highest Odds Short FTU

14774 Range Short

14698 Range Long 

14585 - 14560 Highest Odds Long FTD

14490 - 1447 Extreme Long 

Support becomes resistance and vice versa...

Trade smart and trade well!

TS TradePlan for ES YM 6E GC CL + TS Trades (Live Trade Alerts / Market Commentary / Private Twitter Feed): www.tradersmarts.net

TS TradePlan for the YM Emini Futures - Monday April 29, 2013

TraderSmarts Numbers for YM (M)

15311, 15243, 15155, 15000, 14921, 14907, 14875, 14842, 14838, 14790, 14774, 14762, 14742, 14727, 14712, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures

YM Contract Notes: 14648 - 14630 TS # Zone is LIS for direction Monday. See Macro note below. 

Macro Technical View:  New all time highs for the Dow. 14048 TS # is Macro LIS. Favoring shorts early in week for c/b above 14648 - 14630 TS # then see if we can resolve below and let work potentially campaign. 

Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 on DOW Cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes. 

YM Execution/Targets Zones:

14875 Extreme Short

14742 - 14727 Highest Odds Short FTU

14685 - 14671 Range Short

14648 - 14630 LIS

14585 - 14560 Range Long 

14490 - 14477 Highest Odds Long FTD

14234 - 14212 Extreme Long 

Support becomes resistance and vice versa...

Trade smart and trade well!

TS TradePlan for ES YM 6E GC CL + TS Trades (Live Trade Alerts / Market Commentary / Private Twitter Feed): www.tradersmarts.net

TS TradePlan for the YM Emini Futures - Friday April 26, 2013

TraderSmarts Numbers for YM (M)

15311, 15243, 15155, 15000, 14921, 14907, 14875, 14842, 14838, 14790, 14774, 14762, 14742, 14727, 14712, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures

YM Contract Notes: 14630 LIS Friday. 

Macro Technical View:  New all time highs for the Dow. 14048 TS # is Macro LIS. 

Since the end of 2012 it has been in the Contract Notes that over and holding 13245 and we likely get new all time highs in the Dow. Multiple big extended up targets have been hit since 1/8/2013 when TS TradePlan first called for swing longs: 13523, 13836 and 13992, 14148, 14338. The only TS # that has been tested from above after breaking over was 13836 on 2/21/13 and again on 2/25/13. A correction was attempted after the .19 TRIN tick on 2/15/2013 and again 4/3 - 4/5 but since March 1 short squeeze has been in effect. 

Still think we are imminently close to at least an intermediate CIT. <<< Got the biggest down candle of  2013 on Monday 4/15/2013 and last Monday's high remained the weekly high. 14648 - 14585 significant resistance this week expecting 14234 - 14212 prior to 14648 +. <<< We are taking out this 14648. Can squeeze to a new high if we sustain above. <<< Back to close below 14648 TS # on Wednesday with a HOD of 14693. 14648 - 14634 KEY resistance Thursday. <<<< And going into Friday. If holding under here I want to be short. 

Also of note that no major crash has taken place without first making new all time highs which we now have.  13133 and 15218 on DOW Cash are two macro areas of interest. 

YM Execution/Targets Zones:

14875 Extreme Short

14742 - 14727 Highest Odds Short FTU

14685 - 14671 Range Short

14630 - 14611 Range Long 

14490 - 14477 Highest Odds Long FTD

14234 - 14212 Extreme Long 

Support becomes resistance and vice versa...

Trade smart and trade well!

TS TradePlan for ES YM 6E GC CL + TS Trades (Live Trade Alerts / Market Commentary / Private Twitter Feed): www.tradersmarts.net

TS TradePlan for the YM Emini Futures - Thursday April 25, 2013

TraderSmarts Numbers for YM (M)

15311, 15243, 15155, 15000, 14921, 14907, 14875, 14842, 14838, 14790, 14774, 14762, 14742, 14727, 14712, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures

YM Contract Notes: 14648 - 14634 LIS Thursday. There is obviously support at the TS #'s between 14547 - 14234 but note the 300 tick gap between Long Execution/Target Zones. 

Macro Technical View:  New all time highs for the Dow. 14048 TS # is Macro LIS. 

Since the end of 2012 it has been in the Contract Notes that over and holding 13245 and we likely get new all time highs in the Dow. Multiple big extended up targets have been hit since 1/8/2013 when TS TradePlan first called for swing longs: 13523, 13836 and 13992, 14148, 14338. The only TS # that has been tested from above after breaking over was 13836 on 2/21/13 and again on 2/25/13. A correction was attempted after the .19 TRIN tick on 2/15/2013 and again 4/3 - 4/5 but since March 1 short squeeze has been in effect. 

Still think we are imminently close to at least an intermediate CIT. <<< Got the biggest down candle of  2013 on Monday 4/15/2013 and last Monday's high remained the weekly high. 14648 - 14585 significant resistance this week expecting 14234 - 14212 prior to 14648 +. <<< We are taking out this 14648. Can squeeze to a new high if we sustain above. <<< Back to close below 14648 TS # on Wednesday with a HOD of 14693. 14648 - 14634 KEY resistance Thursday. 

Also of note that no major crash has taken place without first making new all time highs which we now have.  13133 and 15218 on DOW Cash are two macro areas of interest. 

YM Execution/Targets Zones:

14875 Extreme Short

14742 - 14727 Highest Odds Short FTU

14648 -14634 Range Short

14560 - 14547 Range Long 

14234 - 14212 Highest Odds Long FTD

14159 - 14144 Extreme Long 

Support becomes resistance and vice versa...

Trade smart and trade well!

TS TradePlan for ES YM 6E GC CL + TS Trades (Live Trade Alerts / Market Commentary / Private Twitter Feed): www.tradersmarts.net

TS TradePlan for the YM Emini Futures - Wednesday April 24, 2013

TraderSmarts Numbers for YM (M)

15311, 15243, 15155, 15000, 14921, 14907, 14875, 14842, 14838, 14790, 14774, 14762, 14742, 14727, 14712, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures

YM Contract Notes: 14595 - 14585 LIS Wednesday. 14412 Key LIS for sellers to gain control of. If for some reason we squeeze and take out Extreme Short (not expected) we can go to any high.<<< From Tuesday Contract Notes - this is why my # 1 Rule is "Anything can happen at any time (and probably will)". 

Macro Technical View:  New all time highs for the Dow. 14048 TS # is Macro LIS. 

Since the end of 2012 it has been in the Contract Notes that over and holding 13245 and we likely get new all time highs in the Dow. Multiple big extended up targets have been hit since 1/8/2013 when TS TradePlan first called for swing longs: 13523, 13836 and 13992, 14148, 14338. The only TS # that has been tested from above after breaking over was 13836 on 2/21/13 and again on 2/25/13. A correction was attempted after the .19 TRIN tick on 2/15/2013 and again 4/3 - 4/5 but since March 1 short squeeze has been in effect. 

Still think we are imminently close to at least an intermediate CIT. <<< Got the biggest down candle of  2013 on Monday 4/15/2013 and last Monday's high remained the weekly high. 14648 - 14585 significant resistance this week expecting 14234 - 14212 prior to 14648 +. <<< We are taking out this 14648 significant resistance. Can squeeze to a new high if we sustain above. 

Also of note that no major crash has taken place without first making new all time highs which we now have.  13133 and 15218 on DOW Cash are two macro areas of interest. 

YM Execution/Targets Zones:

14875 Extreme Short

14727 - 14712 Highest Odds Short FTU

14684 - 14671 Range Short

14585 - 14560 Range Long 

14234 - 14212 Highest Odds Long FTD

14159 - 14144 Extreme Long 

Support becomes resistance and vice versa...

Trade smart and trade well!

TS TradePlan for ES YM 6E GC CL + TS Trades (Live Trade Alerts / Market Commentary / Private Twitter Feed): www.tradersmarts.net

TS TradePlan for the YM Emini Futures - Tuesday April 23, 2013

TraderSmarts Numbers for YM (M)

15311, 15243, 15155, 15000, 14921, 14907, 14842, 14838, 14790, 14774, 14762, 14742, 14727, 14712, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures

YM Contract Notes: 14447 - 14439 Tuesday. 14305 between HOL FTD and Extreme is also important support. 14412 Key LIS for sellers to gain control of. If for some reason we squeeze and take out Extreme Short (not expected) we can go to any high.

Macro Technical View:  New all time highs for the Dow. 14048 TS # is Macro LIS. 

Since the end of 2012 it has been in the Contract Notes that over and holding 13245 and we likely get new all time highs in the Dow. Multiple big extended up targets have been hit since 1/8/2013 when TS TradePlan first called for swing longs: 13523, 13836 and 13992, 14148, 14338. The only TS # that has been tested from above after breaking over was 13836 on 2/21/13 and again on 2/25/13. A correction was attempted after the .19 TRIN tick on 2/15/2013 and again 4/3 - 4/5 but since March 1 short squeeze has been in effect. 

Still think we are imminently close to at least an intermediate CIT. <<< Got the biggest down candle of  2013 on Monday 4/15/2013 and last Monday's high remained the weekly high. 14648 - 14585 significant resistance this week expecting 14234 - 14212 prior to 14648 +. 

Also of note that no major crash has taken place without first making new all time highs which we now have.  13133 and 15218 on DOW Cash are two macro areas of interest. 

YM Execution/Targets Zones:

14648 - 14634 Extreme Short

14595 - 14585 Highest Odds Short FTU

14506 - 14490 Range Short

14385 - 14376 Range Long 

14234 - 14212 Highest Odds Long FTD

15159 - 14144 Extreme Long 

Support becomes resistance and vice versa...

Trade smart and trade well!

TS TradePlan for ES YM 6E GC CL + TS Trades (Live Trade Alerts / Market Commentary / Private Twitter Feed): www.tradersmarts.net

TS TradePlan for the YM Emini Futures - Monday April 22, 2013

TraderSmarts Numbers for YM (M)

15311, 15243, 15155, 15000, 14921, 14907, 14842, 14838, 14790, 14774, 14762, 14742, 14727, 14712, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14447, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14212, 14159, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures

YM Contract Notes: 14447 - 14439 Sunday / Monday LIS. 14305 between HOL FTD and Extreme is also important support. 14412 Key LIS for sellers to gain control of. If for some reason we squeeze and take out Extreme Short (not expected) we can go to any high.

Macro Technical View:  New all time highs for the Dow. 14048 TS # is Macro LIS. 

Since the end of 2012 it has been in the Contract Notes that over and holding 13245 and we likely get new all time highs in the Dow. Multiple big extended up targets have been hit since 1/8/2013 when TS TradePlan first called for swing longs: 13523, 13836 and 13992, 14148, 14338. The only TS # that has been tested from above after breaking over was 13836 on 2/21/13 and again on 2/25/13. A correction was attempted after the .19 TRIN tick on 2/15/2013 and again 4/3 - 4/5 but since March 1 short squeeze has been in effect.

Still think we are imminently close to at least an intermediate CIT. <<< Got the biggest down candle of  2013 on Monday 4/15/2013 and last Monday's high remained the weekly high.

Also of note that no major crash has taken place without first making new all time highs which we now have.  13133 and 15218 on DOW Cash are two macro areas of interest. 

YM Execution/Targets Zones:

14648 - 14634 Extreme Short

14595 - 14585 Highest Odds Short FTU

14490 - 14477 Range Short

14385 - 14376 Range Long 

14234 - 14212 Highest Odds Long FTD

15159 - 14144 Extreme Long 

Support becomes resistance and vice versa...

Trade smart and trade well!

TS TradePlan for ES YM 6E GC CL + TS Trades (Live Trade Alerts / Market Commentary / Private Twitter Feed): www.tradersmarts.net