This report was sent to subscribers on 12/15/09 6:00 p.m. Chicago time to be used for trading on 12/16/09. Everything is done by Howard Tyllas, no program or black box.
After the close on 12/16/09: My resistance was 4.14 1/2 FG, just .00 3/4 from the actual high, and my support was 4.00, .03 1/4 from the actual low.
Ask yourself, how well would I have traded this market if I had these numbers last night? Subscribe now! See for yourself why this second year of service has tripled my subscriber base.
Are you still using a service that comes out in the morning and gives you numbers reflecting what has already traded, and worse than that uses 4 or more support, and 4 or more resistance numbers?
We cannot post every market, if you are interested sign up for free
4.21 1/4 4.14 1/2 FG --------------4.07 1/4 Pivot 4.00 3.90 1/4 Use the same numbers as used on 12/15/09 Trend 5 day chart....….…. Up Daily chart ……….Sideways Weekly chart …….. Down Monthly chart ….... Down $3.97 is the 200 day ma ATR 12 Overbought 83%
Green uptrend line is pivotal now, red bracket line is resistance. I said "$3.97 the 200 day is in play now" and proved to be good support.
4.14 1/2 FG
--------------4.07 1/4 Pivot
Use the same numbers as used on 12/15/09
5 day chart....….…. Up
Daily chart ……….Sideways
Weekly chart …….. Down
Monthly chart ….... Down $3.97 is the 200 day ma
ATR 12 Overbought 83%
March Corn for 12/16/09
I have always said, "I do not care what the reason the market gets to a location on my chart that presents a trade opportunity".
Grains: Spot on soybean numbers in a 19 cent range, with corn stuck in a 5 cent range for the day. I was impressed with the way grains held up in spite of a stronger dollar. As you know I am a bear at these price levels, but until January soybeans (SF) get below $10.19, March corn (CH) below $3.70, and March wheat (WH) below $5, I want to continue to look at it as a trading affair, which means selling it near resistance above $10.60, and buy it near $10.30.
This is what trading is all about, trade management. Approach, structure, strategy, plan, money management, and execution. Since we are discretionary traders, we can use the tools of the technical's, fundamentals, and some intuitiveness in how we trade. Every market is different and has their own nuances, and this the discretionary trader also observes and tries to utilize. All trades are not created equal, as well as time and price. One thing we all have in common, on the day we want to enter or exit, we all need and want to optimize the best price on that given day, and that is where the daily numbers come in. But even if you have a black box, or your own system, my numbers will verify your numbers or give caution if different.
In my daily numbers on Tuesday my pivot acted as resistance and was $.02 3/4 from the actual high; my pivot also acted as support was $.01 1/2 from the actual low. This market is looking for direction trading so close to the pivot the entire day.
Want to know what I think for tomorrow?
The 9 markets now covered daily are January soybeans, March corn, January crude oil, March S&P, December Euro FX, December 30 yr TBond, February gold, January natural gas, and December cattle.
My numbers usually are sent at least 12 hours (via your email) in advance of the next day open outcry session. Subscribers use them as best suited to their own needs and sometimes that involves the overnight trade.
Find out why my subscribers from Canada, China, Czech Republic, Germany, India, Switzerland, South Korea and the UK keep renewing this service.
HowardTyllas Daily Numbers & Trade Ideas cover 9 markets for less than $10 a day,
HowardTyllas Daily Numbers & Trade Ideas is designed to help you plan your trading strategies for the coming day.
$199.00 USD for each month, renewable monthly
$199.00 USD for each month, renewable monthly
Feel free to email with any comments or question you: firstname.lastname@example.org
May Your Next Trade Be The Best
Disclaimer: No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.
The Gifts the Markets Are Giving You
February Cattle Daily Numbers & Trade Ideas for 12/17/09