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June Euro Daily Numbers & Trade Ideas for 3/19/10


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This report was sent to subscribers on 3/18/10 6:00 p.m. Chicago time to be used for trading on 3/19/10. Everything is done by Howard Tyllas, no program or black box.

Do yourself a favor and get your numbers after the market is closed to be used for the next session trading. Ask yourself how much would it have been worth to read my comments and get my numbers 14 hours before today's open outcry?  

June Euro

After the close on 3/19/10: My pivot acted as resistance and was 136.34, just .06 from the actual high, and my support was 135.14, just .11 from the actual low.

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138.35                       

137.54                       

-------------136.34       Pivot

135.14                        Support

134.33

      

Trend                   

5 day chart ...... ...  Down (last week same day)                                

Daily chart   ......... Down              

Weekly chart ........ Sideways         

Monthly chart... Sideways 143.04 the 200 day MA

 ATR 117                  Oversold 25%

 

I have been saying "Another example of the power of trendlines. This is the 3rd time at this trendline and that is stronger than any time at the line.

Once again I prove the trend line continues to be a good place to sell no matter the price. How you use it is up to you.

June Euro for 3/19/10: 

In my daily numbers on Thursday; my pivot acted as resistance and was .19 from the actual high, my support was .52 from the actual low.   

 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 resistance and helpful support. I could not have made it clearer as to why I wanted to sell on Thursday and I could care less about the fundamentals. I have the same thoughts today.

Results for 3/18/10 were:

Grains: My soybean resistance was $.05 3/4 from the actual high and my support was $.05 1/4 from the low, and my corn resistance was $.01 1/2 from the actual high, and my support was the EXACT actual low. 

Crude Oil: My resistance was 0.22 from the actual high; my support was 0.04 from the actual low.

S&P:      My resistance was 1.50 from the actual high; my support was the EXACT actual low. 

Gold:     My resistance was 4.40 from the actual high; my support was the EXACT actual low. 

Euro:    My resistance was 0.19 from the actual high; my support was 0.52 from the actual low.

Bonds: My resistance was 7 from the actual high; my support was 2 from the actual low. 

Nat. Gas: My resistance was .012 from the actual high; my support was .103 from the actual low.   

Cattle:  My resistance was .90 from the actual high; my support was .45 from the actual low. 

June Euro for 3/18/10:

Results for 3/17/10 were:

Grains: My soybean resistance was $.02 from the actual high and my support was $.00 1/4 from the low, and my corn resistance was $.00 3/4 from the actual high, and my support was $.02 from the actual low.

Crude Oil: My resistance was 0.07 from the actual high; my support was 0.08 from the actual low.

S&P:      My resistance was 1.50 from the actual high; my support was 1.75 from the actual low.

Gold:     My resistance was 4.10 from the actual high; my support was 2.40 from the actual low. 

Euro:    My resistance was 0.16 from the actual high; my support was 0.40 from the actual low.

Bonds: My resistance was 2 from the actual high; my support was 2 from the actual low. 

Nat. Gas: My resistance was .055 from the actual high (4 in open outcry); my support was .057 from the actual low.   

Cattle:  My resistance was .27 from the actual high; my support was .35 from the actual low. 

Euro: Spot on resistance and accurate support. This is an area I want to sell, and the pivot today is near the downtrend line so it is more important than if no trend line. Line acted as support on Wednesday and even though the trend line goes down every day, the bears need to recapture it or the bulls although slipping will still have a chance to gain control.

June Euro for 3/17/10: 

Results for 3/16/10 were:

Grains: My soybean resistance was $.03 3/4 from the actual high and my support was $.02 1/2 from the low, and my corn resistance was $.02 from the actual high, and my support was $.04 from the actual low.

Crude Oil: My resistance was 0.62 from the actual high; my support was 0.46 from the actual low.

S&P:      My resistance was 2.25 from the actual high; my support was 1.25 from the actual low.

Gold:     My resistance was 1.00 from the actual high; my support was 4.10 from the actual low. 

Euro:    My resistance was 0.09 from the actual high; my support was 0.23 from the actual low.

Bonds: My resistance was 10 from the actual high; my support was 4.5 from the actual low. 

Nat. Gas: My resistance was .046 from the actual high; my support was .038 from the actual low.   

Cattle:  My resistance was .07 from the actual high; my support was .15 from the actual low. 

Euro: Spot on numbers! Bulls need to close above 139 for a chance to turn the chart positive. Bears will be selling at resistances with a buy stop above the gap to protect.

June Euro for 3/16/10: 

Results for 3/15/10 were:

Grains: My soybean resistance was $.04 3/4 from the actual high and my support was $.02 3/4 from the low, and my corn resistance was $.00 3/4 from the actual high, and my support was $.03 from the actual low.

Crude Oil: My resistance was 0.10 from the actal high; my support was 0.31 from the actual low.

S&P:      My resistance was .75 from the actual high; my support was 3.00 from the actual low.

Gold:     My resistance was 4.70 from the actual high; my support was 3.00 from the actual low. 

Euro:    My resistance was 0.07 from the actual high; my support was 0.25 from the actual low.

Bonds: My resistance was 5.5 from the actual high; my support was 21 from the actual low. 

Nat. Gas: My resistance was .022 from the actual high; my support was .049 from the actual low.   

Cattle:  My resistance was .25 from the actual high; my support was .07 from the actual low. 

Euro: Spot on numbers. Subscribers of 6 months or longer have seen this 3rd time at the down or uptrend line works a high % of time, and the risks are minimal when it does not hold, and rewards you nicely when right. No matter what market you trade, learn this tool that I have relied on for decades, and my instilling courage to believe in this in you that took me so long to truly believe in. I take these trades every time when possible, and in the long run in my years it has truly been a casino bet for me and not a player, and are the ones most worth taking. See for yourself and if you see this pattern works, start to incorporate it in how you use it to trade with. 

Want to know what I think for tomorrow and going forward?

The 9 markets now covered daily are Soybeans, Corn, Crude oil, S&P, Euro FX, 30 yr TBond, Gold, and  Natural Gas and 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.

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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.

 



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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) 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. 

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 39 years experience, wisdom, and knowledge from which you will then be able to use and benefit from at will.

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 dailynumbers@futuresflight.com

Visit my website www.futuresflight.com

                                                 

                        

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