Todays Pivot R1 R2 S1 S2

By , 5 August, 2009, No Comment
ESU9
For 08/05/2009

How To Use
Symbol R1 R2 Pivot S1 S2
ESU9 1009.17 1013.58 1000.58 996.17 987.58

Todays Announcements

Factory Orders
[Report][Bullet
10:00 AM ET
ISM Non-Mfg Index
[Report][Bullet
10:00 AM ET

ES Emini Trading and the Recent Rally

By , 4 August, 2009, No Comment

The market has shot up to extraordinary levels in recent months on news that…ah…ermm…earnings are down. Huh? It’s true, the economy as whole has stopped the free fall we experienced early in the current year, and we have had a steady stream of “it’s not as bad as it could have been” kind of economic reports. But this news is hardly the stuff of “green shoots” some economists have portrayed.

Todays Pivot Support Resistance

By , 4 August, 2009, No Comment
ESU9
For 08/04/2009

Symbol R1 R2 Pivot S1 S2
ESU9 1007.33 1013.92 994.67 988.08 975.42

Todays Economic Announcements

Redbook
[Report][Bullet
8:55 AM ET

ES Emini Trading Question

By , 3 August, 2009, No Comment

the price action had been hovering around the SMA for quite some time. I like the trade.I suggest not taking countertrend trades when the price action is significantly below the SMA. Especially if the SMA is showing a clear trend, which isn’t the case today.

Todays Pivots

By , 3 August, 2009, No Comment
ESU9
For 07/30/2009

Symbol R1 R2 Pivot S1 S2
ESU9 979.33 983.67 971.67 967.33 959.67

ES Emini Trading Divergence

By , 2 August, 2009, 1 Comment

I thought I would talk a bit about trade entry today and how divergent indications on some of the oscillators I use indicates the need for caution. Emini trading is a process of choosing the highest percentage trades, and conversely, avoiding the lowest percentage trades. The ultimate goal of any trading system is to maximize the binary result of any trade, and I think that is an important point to remember. Trading is really just a matter of entering when your chances are best for a strong trade.

Emotions and Trading

By , 31 July, 2009, No Comment

The toughest maxim for me to assimilate, at an emotional level is: The market is always right, and I am always wrong. When I am in a trade the market cares little for my expectations for the trade, as the market is essentially a function of the combined psychology of millions of traders, not the psychology of my trading, and when I am on the wrong side of a trade I am, quite simply, wrong. That is, indeed, a tough pill to swallow.

INO Market Commentary

By , 31 July, 2009, No Comment

The September S&P 500 index was higher overnight as it extends this month’s rally. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term.

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