Emini Trading Tip - Gap fading can be dangerous, Tip to save some dollars

Good Trading and stick to your stops

KT

Disclaimer

Emini Futures Trading - The rally continues Monday 24 August 2009

Good trading and stick to your stops

KT

Disclaimer

Unfilled Gaps to watch on the way back Up. Not so soon!

Make the mental note for these unfilled gaps. Maybe not so soon but at some point we will return.

On the ES

1. 985 up to 1005.75

2. 1011.50 up to 1013.50

On the YM

1. 9154 up to 9324

2. 9366 up to 9388

On the NQ

1. 1584.25 up to 1615

2. 1623.50 up to 1631.75

Good trading and stick to your stops

KT

Disclaimer

Emini Trading Update - Possible Double Top or Trend Continuation?

Critical price 1016 (Fridays High last week) needs to be broken today to give a signal of continuation.

On the Anchor Chart we are in the Macro ambush short zone!

Good Trading and stick to your stops KT

Disclaimer

DX - Where too for the USD on the Anchor Chart

This is a weekly of the Dollar Index which hints that there could be more downside risk although the indicators suggest in the near term that it looks oversold.

Using some fibonacci analysis the chart highlights that if you take the move from 87.68 level to 78.83 level the retracement from that was very small we only pulled back to 38.2% level before seeing a continuation of the downtrend.  Based off that move the 61.8% extension coincides with the April Lows.

Good Trading and stick to your stops

KT

Trading room is closed on Monday as I am travelling. Back Tuesday.

Disclaimer

Paul Tudor Jones - “TRADER: The Documentary”

Unfilled Gaps To Watch On The Way Back Down!

As in previous post I talked about how unfilled gaps as a general rule return to fill so its worthy of a post to highlight this to you all that on the way down we have some key levels that may present opportunities to trade based off these unfilled gaps.

Unfill Gaps

1. 988.75 back down to 984.50

2. 981.25 back down to 975

This also applies to the other indexes YM (1. 9150 down to 9126 and 2. 9081 down to 9047) and NQ (1610 down to 1602).

Hope this helps.

Good Trading and stick to your stops

KT

Disclaimer

EC (EURUSD) Ambush Tactic aiming for a target!

EC (EURUSD) Ambush tactics aiming for a target! Looking overbought in near term.

61.8%  extension is 1.4600

Micro Ambush pullback to 61.8% 1.4300

76.4%  Retracement is at 1.4258 level.

Good trading and stick to your stops

KT

Disclaimer

Pre market Gap thoughts

Todays Gap looks and feels a bit like Thursdays action - Professional Gap.

Important points I am considering on today’s action

1. Possible opening between R1 and R2  (988.75 to 995.75 Globex session) this can indicate higher chance of it being a professional gap

2. Possible opening higher than two days prior which was 30th July peaked at 994

3. Monday’s tend to be bad days for gap fills

These are my early thoughts current price is 994 on ES so if we stay here I am going to pass on this one.

Good Tarding and stick to your stops

KT

Disclaimer

PBS’ The News Hour - Bernanke on the Record

Good trading and stick to your stops

KT