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December Euro Daily Numbers & Trade Ideas for 11/12/09
Thursday, November 12, 2009

This report was sent to subscribers on 11/11/09 3:40 p.m. Chicago time to be used for trading on 11/12/09. Everything is done by Howard Tyllas, no program or black box.

December Euro

After the close on 11/12/09: My resistance was 150.62, .36 from the actual high, and my support was 148.51, .31 from the actual low.

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151.40

150.62 2009 High

-------------149.57 Pivot

148.51

147.21

Use the same numbers as used on 11/ 10 & 11 /09

Trend

5 day chart ......... Up

Daily chart ......... Up

Weekly chart ........ Up

Monthly chart... Up 138.77 is the 200 day MA

ATR 135 Overbought 82%

December Euro Chart

In the middle of the top channel lines and this location is one for me to only day trade. Bulls remain in control. Steep uptrend line near 149.21 supports and 2009 high resists.

In my daily numbers on Wednesday; my resistance was .14 from the actual high, my pivot acted as support and was .06 from the actual low.

December Euro for 11/12/09:

Three main drivers in the FX are economics, earnings, and politics; I will stick with the charts and my numbers.

I will leave the fundamentals to you and stick with the technical's when trading the currencies.

Euro: Spot on numbers made the task of buying or selling easier. Looking a little toppy now at the 2009 high with failure to jab above, and closing lower on the day. Market is higher as I write, keeping the shorts at bay, and the bulls are mounting another test of the 2009 high. I would still sell near resistance using a buy stop just above. The profit made from this trade on Wednesday alone should more than double what you would lose if it does not today. I am not telling you to sell Euro's or how to trade, I am talking about charts and the way I look at odds and how I trade.

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The 9 markets now covered daily are November soybeans, December corn, December crude oil, December S&P, December Euro FX, December 30 yr TBond, December gold, December natural gas, and December cattle.

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May Your Next Trade Be The Best

Howard Tyllas

Tel.1-312-573-2699, 1-312-961-4390

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.

Recent articles from this author

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June Euro Daily Numbers & Trade Ideas for 3/15/10 - Monday, March 15, 2010
April Crude Oil Daily Numbers & Trade Ideas for 3/15/10 - Monday, March 15, 2010
April Cattle Daily Numbers & Trade Ideas for 3/12/10 - Saturday, March 13, 2010

About the author

Currently a member of The Chicago Board of Trade (CBOT) and registered with the Commodity Futures Trading Commission (CFTC) as a floor broker and as a Commodity Trading Advisor (CTA). I am the President of Futures Flight, an Introducing Broker (IB) for MF Global, and a member of the National Futures Association (NFA). I started my career in 1973 on The Chicago Mercantile Exchange trading floor working for a major firm. Three years later I purchased my first membership and began what would become a thirteen-year commitment to trading soybeans for my own account on the trading floor. I began trading options on futures since their inception in Chicago about twenty years ago; doing so, I traded in various pits on the trade floor.

I day traded from 2000-2002 for Schoenfeld Securities (a major proprietary trade firm), and then continued to trade at Sheppard Int. for Jump Trading, LLC. I concentrated on the emini S&P and NASDAQ, trading them “upstairs” on a screen. One of the major lessons that I have learned from all my years of experience is that knowledge is an important condition for the possibility of successful trading. Knowledge gives you a better chance to succeed by eliminating obvious mistakes: with it, you will never find yourself shamefully uttering, “If I only took the time to learn”.

I want to save you from such regrets by teaching you where the danger is, what it looks like, and how to go around it, while still keeping an eye on your destination of success. In short, I will teach you how to combat error with knowledge.
My mission is to educate you, giving you my 34 years experience, wisdom, and knowledge from which you will then be able to use and benefit from at will. For you, I will be a personal trainer, coach, mentor, overseer, market strategist, consultant, and advisor. I know what will help you make money, and I know what will insure failure. Use my services and prevent, “If I only knew”.

Howard Tyllas

Futures trading involves the substantial risk of loss and may not be suitable for all investors. Past performance does not mean future results.

If you have a question, or comment, email me howardtyllas@howardtyllas.com

Visit my website www.farmerhedge.com

http://www.howardtyllas.com

http://www.futuresflight.com

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