OPENING RANGE FOR SPY
136.83 - 136.60
Thursday, February 21, 2008
Day Traders Framework
I thought I would try and spell as much out for the day as I can, just in case I get into a position to where I cannot post.
The Day Trading Probability Models calls for a sell-off day and a close in the bottom 1/3 of todays range. Therefore, we will be looking to short early rallies and keep a close eye out in the 1369 - 1375 area for potential weakness.
If we do sell off from these levels then be prepared for a potential move lower of 25-30 points, but support should be found.
The Resistance Numbers for today are:
1367.28, 1372, 1375.21, 1379.01 and 1388.85
The Support Numbers for today are:
1348.05, 1344.85, 1340.87, 1336.35 and 1331.17
Large Green - Strongest and highest odds based numbers
Red - One step below green as far as the odds factor
The Day Trading Probability Models calls for a sell-off day and a close in the bottom 1/3 of todays range. Therefore, we will be looking to short early rallies and keep a close eye out in the 1369 - 1375 area for potential weakness.
If we do sell off from these levels then be prepared for a potential move lower of 25-30 points, but support should be found.
The Resistance Numbers for today are:
1367.28, 1372, 1375.21, 1379.01 and 1388.85
The Support Numbers for today are:
1348.05, 1344.85, 1340.87, 1336.35 and 1331.17
Large Green - Strongest and highest odds based numbers
Red - One step below green as far as the odds factor
Wednesday, February 20, 2008
TRADING FOR TUESDAY AND WEDNESDAY
My apologies for not posting Tuesday and Wednesday, but not only have I been working on a new trading levels system, which is looking very promising, I am also trying to find an avenue
to do exactly what I am doing here, but in a less invasive manner.
I have found that since I started this blog that the number of trading errors I have made has increased as well as the slippage on some of the fills.
As much as I love posting my signals, I have to find a way of doing so that will be better suited for everyone.
So once again I ask for your help.
I got quite a few replies from my last request and some of the suggestions are being looked at right now, but I need more!
So, if you have any idea as to an avenue of accomplishing exactly what we are doing here, but in a more seamless manner please drop me a line. I am willing to investigate just about any suggestion even if their is cost involved on my end.
I am going to try and post tomorrow and see how it goes, but the instant I find it is impacting my trading then this is when I will stop posting.
I hope that many of you have been using the techniques I use and find that you do not even need the posts anymore. As you might imagine, with my type of trading, today was an incredible day. I won't throw any numbers out, but it was better than any of the results I have posted on the blog.
to do exactly what I am doing here, but in a less invasive manner.
I have found that since I started this blog that the number of trading errors I have made has increased as well as the slippage on some of the fills.
As much as I love posting my signals, I have to find a way of doing so that will be better suited for everyone.
So once again I ask for your help.
I got quite a few replies from my last request and some of the suggestions are being looked at right now, but I need more!
So, if you have any idea as to an avenue of accomplishing exactly what we are doing here, but in a more seamless manner please drop me a line. I am willing to investigate just about any suggestion even if their is cost involved on my end.
I am going to try and post tomorrow and see how it goes, but the instant I find it is impacting my trading then this is when I will stop posting.
I hope that many of you have been using the techniques I use and find that you do not even need the posts anymore. As you might imagine, with my type of trading, today was an incredible day. I won't throw any numbers out, but it was better than any of the results I have posted on the blog.
Friday, February 15, 2008
STOPPED OUT WITH PROFIT
STOPPED OUT AT 1345.25 WITH 5 POINTS PROFIT
TODAYS RUNNING TOTAL IS - +5.00 POINTS
TODAYS RUNNING TOTAL IS - +5.00 POINTS
PRE-OPENING COMMENT 2/15/2008
Looking for a bit of a lower opening this morning.
The S&P 500 is indicated down 7.70
The Nasdaq is indicated down 9.70
Both of these price levels are well off their pre trading lows.
Watch 134.49 and 133.91 as potential reversal targets today.
I will be posting the rnge trading numbers as they become available.
LETS HAVE A GREAT DAY TRADING AND USE THOSE STOPS!!!
The S&P 500 is indicated down 7.70
The Nasdaq is indicated down 9.70
Both of these price levels are well off their pre trading lows.
Watch 134.49 and 133.91 as potential reversal targets today.
I will be posting the rnge trading numbers as they become available.
LETS HAVE A GREAT DAY TRADING AND USE THOSE STOPS!!!
SUPPORT AND RESISTANCE LEVELS FOR 2/15/2008
SUPPORT AND RESISTANCE NUMBERS FOR THE SPY
*************************************
S1 - 134.89, 134.65, 134.33, 134.07, 133.80, 133.43, 132.96
*********************************************
R1 - 135.45, 135.69, 136.01, 136.28, 136.64, 136.91, 137.38
*********************************************************
YESTERDAYS HIGH - 137
YESTERDAYS LOW - 134.69
Thursday, February 14, 2008
STOPPED OUT
STOPPED OUT OF LONG AT 1349 EVEN FOR A 1.5 POINT LOSS.
TODAYS RUNNING TOTAL - (-4.00) POINTS.
JUST ONE OF THOSE DAYS!
TODAYS RUNNING TOTAL - (-4.00) POINTS.
JUST ONE OF THOSE DAYS!
STOPPED OUT - BREAK EVEN
JUST CANNOT SEEM TO PUT ANYTHING TOGETHER TODAY.
WE WERE STOPPED OUT OF OUR LAST LONG AT BREAK EVEN.
LETS SEE WHAT THE LAST HOUR AND 15 MINUTES OFFERS US.
WE WERE STOPPED OUT OF OUR LAST LONG AT BREAK EVEN.
LETS SEE WHAT THE LAST HOUR AND 15 MINUTES OFFERS US.
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