Mohan de Hoje August 7, 2003
7 mensagens
|Página 1 de 1
Bem com um pouco de tempo. Hoje não segui a sessão, mas pelo que deu ver, houve um tipo de Sneak day rally. Que foi previsto pelo Mohan nas primeiras linhas do Setup de hoje. Mas mais uma vez não deu para comprar no B/D e só a quebra o B/O deu um sinal da direcção do mercado.
O vix sempre a descer durante a sessão, o Trin sempre constante à volta de 1. A figura mostra o setup que eu teria desenhado durante a sessão. Acho que deve ter sido um dia muito seca e sem grande força nas compras.
Beijos a quem de beijos e abraços a quem os aceitar,.... longe dos mercados mas perto do caldeirão...
O vix sempre a descer durante a sessão, o Trin sempre constante à volta de 1. A figura mostra o setup que eu teria desenhado durante a sessão. Acho que deve ter sido um dia muito seca e sem grande força nas compras.
Beijos a quem de beijos e abraços a quem os aceitar,.... longe dos mercados mas perto do caldeirão...
- Anexos
-
- Mohan.JPG (48.31 KiB) Visualizado 463 vezes
Never look back...twice!!!
- Mensagens: 56
- Registado: 24/7/2003 21:01
- Localização: Lx
...
Trade Setup Summary for Wednesday, August 6, 2003:
Sell 965.50/ Cover 967.50 - 2pts. Loss. (Sell BreakDown. Move stop to 2 pts. Loss after --4.50 drop and return to entry.)
* Based on Headline Call looking for rally to trade into lower third of range into close Sell Pivot Target was an optional trade after 1:30 est at 973.75
Recap of Wednesday's Action:
Good Morning and thank you for joining us today.
A 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 S&P500 futures trading information you can find anywhere. Our goal is to assist you in moving your trading to the next level if you are serious. If you are new to S&P500 trading and are looking for an excellent information source and mentor briefing you have found it. Please read the introductory articles on our Home page at www.21stcenturyfutures.com and thank you for joining with us.
Our Headline Call for Wednesday was for the market to move lower in the early session, rally off those lows and then consolidate into the middle to lower range of the session. This is exactly what occurred as they broke out above the Hour One High and ran up later in the day to the Sell Pivot Target before selling off back to the lower third of the range.
With the Dow mostly acting stronger than the rest of the indicators on Wednesday we got the mild rally we were looking for. The NAZ (our nickname for the Nasdaq composite index) was holding back at the time of the BreakOut and the VIX in particular was very bearish in the early session. So our TCF trade setup was to Sell the BreakOut. The prices moved slowly lower off the B/O reaching a point of --4.50 under the trade before stretching back up to our entry point. Our general rule when this occurs is to tighten the stop to just a --2 point loss from a 6 point loss. Such a movement very often means the prices are going higher which was the case on Wednesday.
The High 5 improved as the market moved higher but with our Headline Call and the Market Force indicators that make up that call looking for prices to close lower the rally just couldn't hold up.
Usually we do not like to take recommended TCF Trade Setups after 1:30-2:00 est. Under certain conditions like Wednesday where the Headline Call is clearly looking for a pullback off a rally and you have a supporting High 5 for this idea you could have shorted the Sell Pivot Target at 973.75. The whole idea of these briefings is to first train you in our proven methods and rules and then as you develop the skill to read the market using our TCF approach you start to "think outside of the box". Once you are able to do this after advancing your study of the markets then you can begin to look for situations like Wednesday which gave us an obvious short trade from the sell pivot target.
This idea on Wednesday of shorting the Sell Pivot target later in the day is for more experienced subscribers to our briefings. In addition to the exact directional call we gave on Wednesday the additional idea of shorting rallies below the 10 day Moving Average was also part of the equation. I am not recording this as an official TCF trade setup for Wednesday but I wanted to make a strong point of showing you what I mean by "thinking outside of the box" in terms of using the TCF setups and methods. Again, for new subscribers please spend the next several months at least just learning the core methods and rules that are in the Trading Handbook. Later with practice and skill you will be able to see how these other ideas are setting up.
Today's Call & Briefing:
On today's Headline Call we are going to be looking for a larger scale rally to begin. Now I may be a little bit early on this but I really feel we are getting ready and need to prepare. The first goal upward will be to swing back to the highs of yesterday at 975.50, cross over that to move towards the Pit Bull at 982.00, and then see 989.00 as our first goal higher. Now, if I am correct we will see the prices move substantially higher over the coming weeks as things unfold. If my timing is spot on we will see how these "opening up" of new upside market direction periods usually began with a BIG UP DAY. This is scheduled for today but we need to see what kind of additional Market Force we can get behind this with some bullish news or something.
We will be looking for early drops to find support and move higher while we will still be tuned in to what is happening on any BreakOut Buy setups too. The type of BreakOut buy setup we would be looking for would be one where the High 5 completely participate showing strong bullish characteristics.
If I am wrong on this call then we will see the prices drift lower and lose support as the High 5 turn bearish sloppy again.
TCF TRADE SETUPS TO WATCH FOR TODAY:A lower opening and an early run lower would be ideal for setting up a market that slowly pushes higher all day. If we get such an early move lower then we would want to Buy the BreakDown like we were trying to do on Wednesday.
If we get a Bear Ugly day then obviously this will throw water on the higher move at least for today and prices will get crushed. We have extensively talked about the Bear Ugly days this week. Please read this weeks archives of Morning Call briefings to study these discussions. A Bear Ugly day STARTS OFF THE DAY with a gap lower opening which is usually substantial and bad news in the markets explaining the drop and reason for the heavy market. The High 5 will show Bear Ugly characteristics right away in the trade usually after the first half hour or earlier of the markets being open. Not expected today.
There is another possibility of a BreakOut Buy IF we get a full on Mega Bullish High 5 tape. Look for the Dow to be flat at the time of the BreakOut (our definition of flat is when the Dow is up +50 or less) and the NAZ to be up +12-15 or MORE. Also look for a low TRIN below .80 and the VIX down ideally below -.50.
Value Area: 960.00 - 968.60
We are closing in the Value Area today and this should give us a good clue as to support and resistance. The bottom of the VA should provide support if our bullish scenario is correct and if we get the rally action we expect then the pullbacks to the top of the VA at the 968.00 area will provide new support. Trade below 960.00 is a problem for the bullish scenario and holding below that will send prices towards 947.00 as next support. 960.50 WAS THE LOW OF JULY and is a big deal for finding support for higher prices to run back up to the 1000 handle.
Buy Pivot Target: 957.75 - 958.75
Let's buy the Buy Pivot target today on a lower early move. Use a 5 point stop at 952.75 and look for support to come in and see the prices IMMEDIATELY get back up above the 960.00 price which as mentioned above is the low for July.
Sell Pivot Target: 974.00 - 973.00
No Trade at this Sell Pivot Target today. Let's just watch for the reaction to this number and the +4.25 stop/pivot above it.
10 Day "Pit Bull" Moving Average: 982.00
We will still be focusing on shorting rallies up to the Pit Bull at the 982.00 area but we are expecting prices to push through this area soon and perhaps today if we can get a rally going. As mentioned above, if we cannot hold above 960.00 then the market is in for lower prices and we will see a corresponding bearish High 5. If we get up near this zone today then we will see a temporary stalling to see how the markets decide to absorb this price area.
Pro Trader's Action
Overall today we are going to be looking for the market to reverse again to the upside and begin a larger scale move upwards.
Ironically August is usually a bearish month for stocks so this is rather odd getting this strong Market Force signal during this month. That is why this briefing today is sprinkled with Caveats.
We need to see that 960.00 gets strongly supported with higher price movement. The speed and strength of that movement will be crucial. IE: Not just barely holding above 960.00 when and if we approach it. We would want to see hard, fast price rallies off those lower moves to that area. We are planning on buying the Buy Pivot target in the 958.00 area so a slight dip below this area and a quick recovery would be what we are ideally looking for.
If you have just joined us and these Morning Call briefings strike a chord with you then JOIN US TODAY WITH A SUBSCRIPTION. By joining right now you will get our Trading Handbook which gives you all our exact, specific methods, trading setups and rules. Many traders have told me this Handbook is worth 20,000$ to them and MORE. You can get it TODAY free with a subscription which is less than a buck (1$) a day. That's less then a cup of coffee a day (or a spot of tea) to know exactly where the market is going. I make a strong point of not gouging traders. Hey, we got enough expenses and overhead to deal with. We have many other nice features to assist you in your trading as a full subscriber.
Good luck with your trading today and all the best of success. I'll see you in the action. Mohan
Abraços
Figas
Sempre a aprender
Figas
Sempre a aprender
7 mensagens
|Página 1 de 1
Quem está ligado:
Utilizadores a ver este Fórum: aaugustobb_69, Apramg, darkreflection, Jonas74, KAWA, Manchini888, OCTAMA, PacoNasssa, Pmart 1 e 236 visitantes