This report was sent to subscribers on 10/31/10 11:30 p.m. Chicago time to be used for trading on 11/1/10. Everything is done by Howard Tyllas, no program or black box.
After the close recap on 11/1/10: My pivot acted as resistance and was 98.90, .20 from the actual high, and my support was 98.27 FG, .32 from the actual low.
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All charts and numbers for 11/2/10 have already been sent to subscribers at 5:20 pm.
100.27 99.52 ------------98.90 Pivot 98.27 FG 96.80 Trend 5 day chart....... Down (last week same day) Daily chart ...... Up Weekly chart .......Up Monthly chart.... Up 95.82 is the 200 day MA ATR 1.20 Extremely Oversold 7%
5 day chart....... Down (last week same day)
Daily chart ...... Up
Weekly chart .......Up
Monthly chart.... Up 95.82 is the 200 day MA
ATR 1.20 Extremely Oversold 7%
Daily numbers resist, and the gap near the bracket line is major support.
December Cattle (elec.) for 11/1/10:
In my daily cattle numbers on Friday; my pivot acted as resistance and was .25 from the actual high, my support was .27 from the actual low.
Cattle: Spot on numbers. Another bull chart that is breaking down but still intact. Bears want to keep it under 100.00. Bulls want to defend the gap support and bracket line. If that goes, the low of October is next. I would continue to trade without bias and risk .35 on any trade idea.
New Subscribers: Keep in mind that these are day trading numbers. They are equally to be used for swing trading and longer term trading time frames on the day I want to enter or exit my position. The charts are to be used for overall trade location looking for areas of price discovery of support and resistance levels. When the market does go to the charts longer term support or resistance levels such as bracket lines or longer term trend lines, I use my numbers on that day to enter or exit my position. The numbers do not tell you what to do, you are in control of that, but they will give you a framework to try and buy or sell at the best price for that day. For me it gives me a strategy and the best way I have found to discover the best price for entering or exiting my trade ideas.
If I have the exact numbers for the actual high and low of the day 12 hours in advance, the question has always been, how do I trade it? That is what I best describe in my numbers explanation. Any intuitiveness or nuances I trade, I would keep a journal to see if it is worthwhile overriding my plan. I rarely go against my explanation
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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.