This report was sent to subscribers on 8/11/10 5:50 p.m. Chicago time to be used for trading on 8/12/10. Everything is done by Howard Tyllas, no program or black box.
September S&P
After the close recap on 8/12/10: My pivot acted as resistance and was 1084.50, 3.00 from the actual high, and my support was 1071.00, just .50 (2 ticks) from the actual low.
All Results for 8/12/10 were:
Soybeans: My resistance was .03 from the actual high; my support was .00 1/2 from the actual low
Corn: My resistance was .03 3/4 from the actual high; my support was .02 1/2 from the actual low.
Crude Oil: My resistance was .10 from the actual high; my support was .33 from the actual low.
S&P: My resistance was 3.00 from the actual high; my support was .50 from the actual low.
Gold: My resistance was $3.50 from the actual high; my support was $1.40 from the actual low.
Euro: My resistance was .55 from the actual high; my support was .48 from the actual low.
Bonds: My resistance was 8 from the actual high; my support was 16 from the actual low.
Nat. Gas: My resistance was .007 from the actual high; my support was .021 from the actual low.
Cattle: My resistance was .17 from the actual high; my support was .02 from the actual low.
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|
1098.00 Resistance |
----------------1084.50 Pivot |
1071.00 Support |
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|
Trend |
5 day chart ...... Down |
Daily chart ......... Sideways |
Weekly chart ........ Sideways |
Monthly chart ...... Sideways 1106.80 is the 200 DMA |
ATR 19.20 Extremely Overbought 6% |
Resistance is 1127.75, and then the bracket line at 1143.00. Bracket line supports at 1075.00, and then the downtrend line at the bracket line support of 1050.75.
In my daily S&P numbers on Wednesday; my pivot acted as resistance and was 1.00 from the actual high, my support was 13.75 from the actual low.
September S&P for 8/12/10:
S&P: Spot on resistance and support was broken early on. My idea to take the sell signal was a good one. Near bracket line support now and I would just trade the numbers without bias and risk only 3.50 on a trade idea using a stop to protect.
September S&P for 8/11/10:
S&P: Accurate resistance but the support was helpful at best. I want to continue to trade the sell side and risk 3.50 on a trade idea.
Results for 8/10/10 were:
Soybeans: My resistance was .00 1/2 from the actual high; my support was .01 from the actual low.
Corn: My resistance was .01 from the actual high; my support was .01 from the actual low.
Crude Oil: My resistance was .26 from the actual high; my support was .37 from the actual low.
S&P: My resistance was 3.75 from the actual high; my support was 8.25 from the actual low.
Gold: My resistance was $3.60 from the actual high; my support was $3.80 from the actual low.
Euro: My resistance was .14 from the actual high; my support was .19 from the actual low.
Bonds: My resistance was 8 from the actual high; my support was 5 from the actual low.
Nat. Gas: My resistance was .026 from the actual high; my support was .033 from the actual low.
Cattle: My resistance was .32 from the actual high; my support was .12 from the actual low.
September S&P for 8/10/10:
S&P: Accurate numbers. Taking the sell signal was not in play in open outcry seeing how the market was above the pivot. I continue to only want to take the sell signal and risk 3.50 on the trade idea.
September S&P for 8/9/10:
S&P: Spot on resistance off 3 ticks (.75) and accurate support. Nearing resistance of not only last week's highs, but the bracket line just above at 1142.75. I am shy to take the buy signals but I would take the sell signals and risk 3.50 on the trade idea.
New Subscribers: Keep in mind that these are day trading numbers. They are equally to be used for swing trading and longer term trading time frames on the day I want to enter or exit my position. The charts are to be used for overall trade location looking for areas of price discovery of support and resistance levels. When the market does go to the charts longer term support or resistance levels such as bracket lines or longer term trend lines, I use my numbers on that day to enter or exit my position. The numbers do not tell you what to do, you are in control of that, but they will give you a framework to try and buy or sell at the best price for that day. For me it gives me a strategy and the best way I have found to discover the best price for entering or exiting my trade ideas.
If I have the exact numbers for the actual high and low of the day 12 hours in advance, the question has always been, how do I trade it? That is what I best describe in my numbers explanation. Any intuitiveness or nuances I trade, I would keep a journal to see if it is worthwhile overriding my plan. I rarely go against my explanation
September S&P for 8/6/10:
S&P: Spot on resistance and accurate support. I would again trade the numbers without bias and using a stop risking 3.50.
September S&P for 8/5/10:
S&P: Spot on numbers. Idea the market would trade between the first numbers again proved to be spot on. Today I would trade the market without bias risking 3.50 on a trade idea.
Results for 8/4/10 were:
Soybeans: My resistance was .06 from the actual high; my support was .05 3/4 from the actual low.
Corn: My resistance was .01 1/2 from the actual high; my support was .01 1/2 from the actual low.
Crude Oil: My resistance was .27 from the actual high; my support was .52 from the actual low.
S&P: My resistance was 3.50 from the actual high; my support was 2.25 from the actual low.
Gold: My resistance was $0.90 from the actual high; my support was $1.50 from the actual low.
Euro: My resistance was .05 from the actual high; my support was .17 from the actual low.
Bonds: My resistance was 3 from the actual high; my support was 6 from the actual low.
Nat. Gas: My resistance was .061 from the actual high; my support was .057 from the actual low.
Cattle: My resistance was .15 from the actual high; my support was .12 from the actual low.
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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.
