Mohan
2 mensagens
|Página 1 de 1
cont
Trade Setup Summary for Wednesday, July 9, 2003:
Buy 998.50-1000.50/ Sell 1006.60 + 6-8 points (Buy B/D minus 2-4 pts)
Recap of Wednesday's Action:
Good Morning and thank you for joining us today. A very special welcome to all of our new subscribers and visiting traders from around the globe. 21st Century Futures is committed to bringing you the most cutting edge daily briefings on the S&P500 and Emini in the industry. Glad to have you aboard. Let's make some money together and have some fun doing it.
Our Headline Call on Wednesday was for higher early prices to get hit with selling especially with an open above the previous days close at 1007.60. We also suggested selling the Sell Pivot Target at 1010.50-1011.50.
We got a slightly lower opening and an early fast rally pop up to ....get this....1010.00. So we missed the Sell Pivot Target by 2 ticks. I know a lot of you got short up there anyway from the many emails I got on this and that is super cool. If you did get short you got a fast 10 handle drop lower which hit the BreakDown at 1002.50 and moved lower.
We had clearly suggested Buying THE B/D IF THAT WAS THE FIRST HOUR ONE PIVOT HIT... WHICH IT WAS. With the fast drop and the Bearish High Five you would have also wanted to take our suggestion to Buy the B/D minus 2-4 points lower which would have given us a buy zone at 998.50-1000.50. There was a very good opportunity to get long into this zone and EVEN LOWER. After seeing the market start to rise we saw the 1004.00 price get hit and pull back some. The 5 points of gain on the trade would have signaled you to MOVE THE STOP UP TO --2.00 PTS. The market never pressured the stop and rallied up to hit 1006.50 which was a gain of 6-8 points on this trade depending where you got in. Some of you got long lower and showed a higher gain. Congratulations.
After rallying to the 1006.00 area which was just above the top of the Value Area they pulled back hard back to the 1000 handle area giving us more bearish readings and fulfilling the LSS Sell day to some degree. However, based on today's Headline Call we feel we have lower to go.
Trial Subscribers ...Join us today with a subscription and get access to my new S&P500 Trading Handbook PLUS access to my new section called "ASK MOHAN". There I will answer your most important questions that arise during the day as well as give you many trading ideas and secrets that will help you increase your trading skills.
Today's Call & Briefing:
We are looking for a further sell off today in our Headline Call. Very often on Thursday's you will see the market move up during the early session and "hang up" until later in the day. If this occurs look to get short and hold short patiently.
There is also a very strong possibility that we could have a BEAR UGLY Sell off day today right from the open. We will know when we get near the open as the market will give us clues. What are those clues? First, the market will usually gap down lower with some bad news on the financial reports on CNBC. You will see the High Five move into Bear Ugly type readings and the overall feel of the market will be very heavy. Those of our subscribers who first heard about Bear Ugly setups and then later witnessed then while successfully trading them fully understand what we are referring to here.
To identify this type of a setup using the information I am giving you is NOT DIFFICULT. But you have to be willing to study, research and pay attention to our directions. Our Morning Call briefings are designed to train you how to become a real trader. I am a little concerned with the pervading laziness in traders in this generation. I spent over a decade watching every TICK practically to finally come to this point of bringing you these briefings. It was a tremendous amount of research and late hours. Back in the early 90's there was not all this hyped up computer stuff they have now. YOU HAD TO BE A REAL TRADER AND TAKE FULL RESPONSIBILITY FOR YOUR TRADES. Nowadays, it seems that many newer traders are too anxious to just relegate that responsibility to some Chat room or something. If you are serious about being trained as a real trader these briefings will be enough for you to learn how if you take them serious. No chat room or advisor or Mohan or anyone can give you the guts, skill or information to supplement YOUR DECIDING to become a winning trader. I will assist you in bringing out the Pro Trader Within if you are serious.
For inspiration be sure to read the testimonials posted on our site from both new and experienced traders whose trading life turned around by carefully studying our methods.
All of our TCF proprietary indicators are looking for lower prices today. Whether those come after an early rally attempt or with a Bear Ugly setup we will be ready for them.
TCF TRADE SETUPS TO WATCH FOR TODAY:As mentioned above, we will first be watching the markets opening action to see if we get a Bear Ugly type scenario right off the bell. If so then WAIT for the first hour to transpire and be ready to SHORT THE BREAKDOWN price. If we get near the end of the first hour and the market is ABOVE THE B/D but pushing lower then you can try and "front run" the lower action by getting short early. We usually do not recommend this for traders new to our methods but suggest you just wait for the exact B/D and then nail em short. If you do front run the price then make damn sure that the BreakDown DOES occur right after the first hour. The idea is that if the High Five are giving Bear Ugly readings then the market is going to head lower and if you can grab a few points more then why not. Again, this is ONLY for those subscribers who have traded a Bear Ugly TCF setup before.
If the BreakOut is the first pivot hit of the Hour One pivots then we will most likely be looking to Sell the B/O.
CAUTION: Do not sell the B/O if the Dow is up less than +50 and the NAZ is trading over +12-15, with the TRIN below .80 or less. This could be setting up for a BreakOut Buy with this type of High Five. There is always this possibility BECAUSE THIS IS THE MARKETS and even though our Headline Call is Bearish for today we ALWAYS need to be aware of the alternative scenarios and be ready to jump into the appropriate trading setup from our arsenal.
We will be looking to Sell the Sell Pivot Target today and we will be monitoring the Buy pivot target for a reversal trade. More below.
Value Area: 999.00 - 1,005.60
We are closing in the lower end of the Value Area and this is a weak sign. If we get a push up to 1005.60 or slightly higher after the open and then fall back into the VA dropping lower it will confirm the short action. This would be vital to see this kind of action if we get short at the Sell Pivot Target today.
Buy Pivot Target: 995.00 - 996.00
As mentioned above, let's watch this zone for a reversal with the prices blowing through the --4.25 stop/pivot at 990.75 and then a reflex rally back to 995.00 to go short with a bearish High Five. I am not necessarily saying this will occur but if our bearish pattern for a sell off occurs today this is a vivid possibility.
Sell Pivot Target: 1,008.25 - 1,007.25
Sell this sell pivot target today. Use a 5 point stop at 1013.25 and let's see if they can take em down from here. If the S&P500 gaps up on the open to this price (not expected) then cancel the trade and wait for the first hour to transpire.
10 Day "Pit Bull" Moving Average: 988.00
We have moved just barely outside of the Crossover Alert area. When the S&P500 prices are within 10 handles of this number we identify that as being in a Crossover Alert. We would then prepare for the strong possibility of seeing prices move lower quickly after crossing to the bearish side. If the market is strong on the bullish side prices will STALL at the Pit Bull and tend to hold just above it.
Pro Trader's Action
We had a successful Headline Call on Wednesday and saw our recommendation to buy the B/D pan out nicely. The markets are still in a convoluted state from the antics of the Holiday trading but are becoming clearer. Although we always remain flexible and open to our alternative strategies our daily briefings are clear on the market call direction we are expecting for today. We have our strategies in place to take a position OPPOSITE the Headline Call if necessary and I have described those to you today.
So we are clearly looking for lower prices today and want to get short according to our exact, precise TCF setup that occurs. Over time in watching and studying these briefings you will come to understand our main underlying precept. That is that PRO S&P500 TRADERS DO NOT "GUESS" ON TRADES. They follow exact, crystal clear trading setups that they have developed and proven to work. The markets have this strange mystique about them that makes it appear that you could always be doing "something extra" to get more points. This mystique appears to beginners who do not understand the nature of the S&P500 and due to this they attempt to mix many different ideas into their strategy usually getting the benefit of none of them.
An important part of my job here on these briefings and one of the main reasons I took on this role of mentoring S&P500 traders is to help them avoid heavy financial losses by presenting real methods that work in the markets. That is why I even take the risk of sounding a little brash or even assertive in getting you to at least TRY OUR PROVEN METHODS FIRST. Get started on the right foot using proven ideas, make some dough$ from this game and get established first. My motivation is to see you succesful and I am judged ultimately by how well SERIOUS traders do with our work.
Let's see if we can nail a short position today if it appears that our Headline Call is going to pan out and they are going to take the markets down lower. All the best of luck and success. I'll see you in the action. Mohan
Buy 998.50-1000.50/ Sell 1006.60 + 6-8 points (Buy B/D minus 2-4 pts)
Recap of Wednesday's Action:
Good Morning and thank you for joining us today. A very special welcome to all of our new subscribers and visiting traders from around the globe. 21st Century Futures is committed to bringing you the most cutting edge daily briefings on the S&P500 and Emini in the industry. Glad to have you aboard. Let's make some money together and have some fun doing it.
Our Headline Call on Wednesday was for higher early prices to get hit with selling especially with an open above the previous days close at 1007.60. We also suggested selling the Sell Pivot Target at 1010.50-1011.50.
We got a slightly lower opening and an early fast rally pop up to ....get this....1010.00. So we missed the Sell Pivot Target by 2 ticks. I know a lot of you got short up there anyway from the many emails I got on this and that is super cool. If you did get short you got a fast 10 handle drop lower which hit the BreakDown at 1002.50 and moved lower.
We had clearly suggested Buying THE B/D IF THAT WAS THE FIRST HOUR ONE PIVOT HIT... WHICH IT WAS. With the fast drop and the Bearish High Five you would have also wanted to take our suggestion to Buy the B/D minus 2-4 points lower which would have given us a buy zone at 998.50-1000.50. There was a very good opportunity to get long into this zone and EVEN LOWER. After seeing the market start to rise we saw the 1004.00 price get hit and pull back some. The 5 points of gain on the trade would have signaled you to MOVE THE STOP UP TO --2.00 PTS. The market never pressured the stop and rallied up to hit 1006.50 which was a gain of 6-8 points on this trade depending where you got in. Some of you got long lower and showed a higher gain. Congratulations.
After rallying to the 1006.00 area which was just above the top of the Value Area they pulled back hard back to the 1000 handle area giving us more bearish readings and fulfilling the LSS Sell day to some degree. However, based on today's Headline Call we feel we have lower to go.
Trial Subscribers ...Join us today with a subscription and get access to my new S&P500 Trading Handbook PLUS access to my new section called "ASK MOHAN". There I will answer your most important questions that arise during the day as well as give you many trading ideas and secrets that will help you increase your trading skills.
Today's Call & Briefing:
We are looking for a further sell off today in our Headline Call. Very often on Thursday's you will see the market move up during the early session and "hang up" until later in the day. If this occurs look to get short and hold short patiently.
There is also a very strong possibility that we could have a BEAR UGLY Sell off day today right from the open. We will know when we get near the open as the market will give us clues. What are those clues? First, the market will usually gap down lower with some bad news on the financial reports on CNBC. You will see the High Five move into Bear Ugly type readings and the overall feel of the market will be very heavy. Those of our subscribers who first heard about Bear Ugly setups and then later witnessed then while successfully trading them fully understand what we are referring to here.
To identify this type of a setup using the information I am giving you is NOT DIFFICULT. But you have to be willing to study, research and pay attention to our directions. Our Morning Call briefings are designed to train you how to become a real trader. I am a little concerned with the pervading laziness in traders in this generation. I spent over a decade watching every TICK practically to finally come to this point of bringing you these briefings. It was a tremendous amount of research and late hours. Back in the early 90's there was not all this hyped up computer stuff they have now. YOU HAD TO BE A REAL TRADER AND TAKE FULL RESPONSIBILITY FOR YOUR TRADES. Nowadays, it seems that many newer traders are too anxious to just relegate that responsibility to some Chat room or something. If you are serious about being trained as a real trader these briefings will be enough for you to learn how if you take them serious. No chat room or advisor or Mohan or anyone can give you the guts, skill or information to supplement YOUR DECIDING to become a winning trader. I will assist you in bringing out the Pro Trader Within if you are serious.
For inspiration be sure to read the testimonials posted on our site from both new and experienced traders whose trading life turned around by carefully studying our methods.
All of our TCF proprietary indicators are looking for lower prices today. Whether those come after an early rally attempt or with a Bear Ugly setup we will be ready for them.
TCF TRADE SETUPS TO WATCH FOR TODAY:As mentioned above, we will first be watching the markets opening action to see if we get a Bear Ugly type scenario right off the bell. If so then WAIT for the first hour to transpire and be ready to SHORT THE BREAKDOWN price. If we get near the end of the first hour and the market is ABOVE THE B/D but pushing lower then you can try and "front run" the lower action by getting short early. We usually do not recommend this for traders new to our methods but suggest you just wait for the exact B/D and then nail em short. If you do front run the price then make damn sure that the BreakDown DOES occur right after the first hour. The idea is that if the High Five are giving Bear Ugly readings then the market is going to head lower and if you can grab a few points more then why not. Again, this is ONLY for those subscribers who have traded a Bear Ugly TCF setup before.
If the BreakOut is the first pivot hit of the Hour One pivots then we will most likely be looking to Sell the B/O.
CAUTION: Do not sell the B/O if the Dow is up less than +50 and the NAZ is trading over +12-15, with the TRIN below .80 or less. This could be setting up for a BreakOut Buy with this type of High Five. There is always this possibility BECAUSE THIS IS THE MARKETS and even though our Headline Call is Bearish for today we ALWAYS need to be aware of the alternative scenarios and be ready to jump into the appropriate trading setup from our arsenal.
We will be looking to Sell the Sell Pivot Target today and we will be monitoring the Buy pivot target for a reversal trade. More below.
Value Area: 999.00 - 1,005.60
We are closing in the lower end of the Value Area and this is a weak sign. If we get a push up to 1005.60 or slightly higher after the open and then fall back into the VA dropping lower it will confirm the short action. This would be vital to see this kind of action if we get short at the Sell Pivot Target today.
Buy Pivot Target: 995.00 - 996.00
As mentioned above, let's watch this zone for a reversal with the prices blowing through the --4.25 stop/pivot at 990.75 and then a reflex rally back to 995.00 to go short with a bearish High Five. I am not necessarily saying this will occur but if our bearish pattern for a sell off occurs today this is a vivid possibility.
Sell Pivot Target: 1,008.25 - 1,007.25
Sell this sell pivot target today. Use a 5 point stop at 1013.25 and let's see if they can take em down from here. If the S&P500 gaps up on the open to this price (not expected) then cancel the trade and wait for the first hour to transpire.
10 Day "Pit Bull" Moving Average: 988.00
We have moved just barely outside of the Crossover Alert area. When the S&P500 prices are within 10 handles of this number we identify that as being in a Crossover Alert. We would then prepare for the strong possibility of seeing prices move lower quickly after crossing to the bearish side. If the market is strong on the bullish side prices will STALL at the Pit Bull and tend to hold just above it.
Pro Trader's Action
We had a successful Headline Call on Wednesday and saw our recommendation to buy the B/D pan out nicely. The markets are still in a convoluted state from the antics of the Holiday trading but are becoming clearer. Although we always remain flexible and open to our alternative strategies our daily briefings are clear on the market call direction we are expecting for today. We have our strategies in place to take a position OPPOSITE the Headline Call if necessary and I have described those to you today.
So we are clearly looking for lower prices today and want to get short according to our exact, precise TCF setup that occurs. Over time in watching and studying these briefings you will come to understand our main underlying precept. That is that PRO S&P500 TRADERS DO NOT "GUESS" ON TRADES. They follow exact, crystal clear trading setups that they have developed and proven to work. The markets have this strange mystique about them that makes it appear that you could always be doing "something extra" to get more points. This mystique appears to beginners who do not understand the nature of the S&P500 and due to this they attempt to mix many different ideas into their strategy usually getting the benefit of none of them.
An important part of my job here on these briefings and one of the main reasons I took on this role of mentoring S&P500 traders is to help them avoid heavy financial losses by presenting real methods that work in the markets. That is why I even take the risk of sounding a little brash or even assertive in getting you to at least TRY OUR PROVEN METHODS FIRST. Get started on the right foot using proven ideas, make some dough$ from this game and get established first. My motivation is to see you succesful and I am judged ultimately by how well SERIOUS traders do with our work.
Let's see if we can nail a short position today if it appears that our Headline Call is going to pan out and they are going to take the markets down lower. All the best of luck and success. I'll see you in the action. Mohan
-
- Mensagens: 620
- Registado: 5/11/2002 2:26
Mohan
Market to sell off today. Look to sell any early rally attempts. CAUTION: Possible Bear Ugly day today.
- Anexos
-
- g1.jpg (35.92 KiB) Visualizado 436 vezes
-
- g2.jpg (38.81 KiB) Visualizado 436 vezes
-
- Mensagens: 620
- Registado: 5/11/2002 2:26
2 mensagens
|Página 1 de 1
Quem está ligado: