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September Nat Gas Daily Numbers & Trade Ideas for 8/2/10


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This report was sent to subscribers on 8/1/10 8:20 a.m. Chicago time to be used for trading on 8/2/10. Everything is done by Howard Tyllas, no program or black box.

September Nat Gas

After the close recap on 8/2/10: My resistance was 5.010, just .003 from the actual high, and my support was 4.678, .003 from the actual low

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5.010 XX                           Resistance

------------4.897             Pivot 

4.784

4.678                                Support

 

Trend            

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

Daily chart   .........Sideways                   

Weekly chart ........Down     

Monthly chart         Down   5.097 is the 200 day MA

ATR .167                 Extremely Overbought 97%  

 

 

Bracket line is support now. Notice how it acted as perfect support on Wednesday. Bulls target the high of June which is resistance.

September Nat Gas for 8/2/10:

"This is one market that holds its steep trend lines longer and more often than any other market I chart right now".    

 In my daily numbers on Friday; my resistance was .008 from the actual high; my pivot acted as support and was .045 (but only .016 in open outcry) from the actual low.      

Natural Gas: Spot on resistance and accurate support. Idea to trade without bias and market providing a buy seeing as how the support was only off .16 in open outcry and the resistance was off by only .008. I would wait and see if this market (like crude oil) can pull back to the bracket line support to get long. Since extremely overbought and at a resistance level, I only want to take the sell signals today and not risk more than .040 on the trade idea.

September Nat Gas for 7/30/10:

Natural Gas: Spot on numbers. Bracket line provided the support needed to launch another assault on the upside. Today I would trade the numbers without bias and risk no more than .040 on a trade idea, and as always use a stop at the same time as when placing the entry order.

September Nat Gas for 7/29/10:

Natural Gas: Spot on support off .001, and resistance was helpful. Bracket line provided strong support, but I did not like the fact that they gave back most of the gains.  

September Nat Gas for 7/28/10:

Natural Gas: Spot on numbers! Bracket line is pivotal on this chart, bulls in control above, bears when below. I want to trade the numbers without bias and risk .040 using a stop to protect.

September Nat Gas for 7/27/10:

Natural Gas: Accurate numbers. I have the same thoughts as yesterday.

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           May Your Next Trade Be The Best                          

                     Howard Tyllas            

   Tel.1-312-573-2699, 1-312-823-9189

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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