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September 30 year T BOND Daily Numbers & Trade Ideas for 7/9/10


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This report was sent to subscribers on 7/8/10 5:00 p.m. Chicago time to be used for trading on 7/9/10. Everything is done by Howard Tyllas, no program or black box.

September 30 year T BOND

After the close recap on 7/9/10: My pivot acted as resistance and was 126-27, just 1 from the actual high, and my pivot acted as support and was 126-07, just 2 from the actual low

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127-15                         

------------126-27       Pivot   

126-07                           Support

 

           

Trend                         117-17  is the 200 day MA

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

Daily chart   ......... Up           

Weekly chart ........ Up             ATR 1-03

Monthly chart ......  Up             Overbought 38%

                         

 

I continue to say "Bull chart with uptrend line acting as support, while recent highs are resistance".

 September 30 year T BOND 7/9/10:

In my daily numbers on Thursday; my resistance was 8.5 from the actual high, my support was the 4 from the actual low.                 

Bonds: Accurate numbers. Idea to take the sells was a good idea. I have the same thoughts today, and would risk 8 using a stop to protect.  

September 30 year T BOND 7/8/10:

Bonds: Spot on support and resistance was only helpful at best. My idea to play the short side was good but you needed to sell below the pivot of 127-26.5 and you would not have been stopped out. You the trader and I could have been aggressive and sell yesterday's high of 128-06 and placed a stop just above my resistance of 128-19, because the 1/2 way rule was also in play at that number seeing that it was also exactly in the middle of the pivot and resistance (1/2 way up to the resistance). Resistance this week is clear at 128-06, and support has been tested daily at 127-02. My bias is to only take the sell signal today.

September 30 year T BOND 7/7/10:

Bonds: Exact low support number, and resistance was helpful at best. In open outcry the market was generous to provide three 5 minute bars at 127-05 to take a buy and risk 8 that provided a nice reward. I have the same thoughts as yesterday and prefer to take the sell signals and not risk more than 8 on a buy stop to protect. 

September 30 year T BOND for 7/6/10:

When a market closes near their high and no resistance in sight, the high usually becomes the pivot for the next day.

 In my daily numbers on Monday; my resistance was 13 from the actual high, my pivot acted as support and was 11 from the actual low.                    

You need not waste time to have confidence in my lines no matter the market charted. As you can see with up and downtrend lines, you connect the lows to make uptrend lines, connect the highs to get the downtrend lines.              

September 30 year T BOND for 7/5/10:

Bonds: My support was spot on and my resistance was helpful. My idea to sell was in the right direction, and again I want to play the short side and not risk more than 8 on a buy stop to protect.

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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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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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