This report was sent to subscribers on 8/17/10 5:30 p.m. Chicago time to be used for trading on 8/18/10. Everything is done by Howard Tyllas, no program or black box.
September 30 year T BOND
After the close recap on 8/18/10: My resistance was 134-01, 6 from the actual high, and my support was 131-31, just 3 from the actual low
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134-01 Resistance |
------------133-00 Pivot |
131-31 Support |
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Trend 119-04 is the 200 day MA |
5 day chart..... Up (last week same day) |
Daily chart ......... Up |
Weekly chart ........ Up ATR 1-05 |
Monthly chart ...... Up Overbought 84% |
I said "Top channel line acts as support now, resistance comes from the weekly chart".
September 30 year T BOND for 8/18/10:
When a market closes near their high (or low) with no resistance in sight, the high (or the low) usually becomes the pivot for the next day.
In my daily 30 year t bond numbers on Tuesday; my resistance was the 3 from the actual high, my pivot acted as support and was 15 from the actual low.
Bonds: Spot on resistance and helpful support at best. I want to continue to trade without bias and risk 8 on a 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 30 year T BOND for 8/17/10:
Bonds: Accurate support and helpful resistance at best. Same thoughts and ideas as yesterday.
September 30 year T BOND for 8/16/10:
Bonds: Spot on support and accurate resistance numbers. The signal of a new high for the run with a lower close which gives a higher likelihood of another down day did not materialize. Bulls have been and continue to remain in control. Extremely overbought but the market did manage to breakout above the channel line which is bullish on the chart. My tendency would be to sell at these levels, but with the strong chart close could lead to more upside so I will trade the numbers without bias and risk 8 on a trade idea using a stop to protect.
Results for 8/16/10 were:
Soybeans: My resistance was .00 1/2 from the actual high; my support was .00 1/4 from the actual low.
Corn: My resistance was .03 1/2 from the actual high; my support was .00 3/4 from the actual low.
Crude Oil: My resistance was .18 from the actual high; my support was .16 from the actual low.
S&P: My resistance was 1.75 from the actual high; my support was 4.25 from the actual low.
Gold: My resistance was $4.30 from the actual high; my support was $3.10 from the actual low.
Euro: My resistance was .40 from the actual high; my support was .24 from the actual low.
Bonds: My resistance was 13 from the actual high; my support was 7 from the actual low.
Nat. Gas: My resistance was .020 from the actual high; my support was .014 from the actual low.
Cattle: My resistance was .17 from the actual high; my support was .25 from the actual low.
September 30 year T BOND for 8/13/10:
Bonds: Accurate resistance but not the support being off 16. I was not close enough to take the sell signal but was a good idea. Now that the market jabbed above the uptrend line making a new high for the run and closing lower too, bodes well for another down day today. (Are you keeping track of how many times this signal works well?) I want to take the sell signal only and risk 8 on the trade idea.
September 30 year T BOND for 8/12/10:
Bonds: Spot on support but resistance number was blown away. Taking the buy signal was a good idea, taking a sell was not. Bull chart but at resistance levels have me looking to either take just the sell signal, or without bias but trade a smaller contract size than normal. Risking 8 is standard risk for me in this market the last few months and seems to work well when wrong.
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.
September 30 year T BOND for 8/11/10:
Bonds: Accurate numbers. I was not close enough to take the sell signal but the buy signal was in play. I want to trade the numbers without bias and risk 8 on a trade idea.
September 30 year T BOND for 8/10/10:
Bonds: Spot on numbers. When you have numbers that are only off 4 on the support and the resistance and you are risking 8 on a stop to protect, this is what my trading approach is about and accurate numbers allow. Bull chart but correction might be in order. I do not want to try and take the buy signals today, but I would take the sell signals and risk 8 on a buy stop to protect.
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 30 year T BOND for 8/9/10:
Bonds: Exact support (2nd day in a row) and resistance was blown away off 13. I said again on Friday "I want to continue to trade without bias. The numbers have been spot on so I want to use stops risking 8 to protect from further losses". I have the same idea for today.
September 30 year T BOND for 8/6/10:
Bonds: Exact resistance and support number was off 6. I want to continue to trade without bias. The numbers have been spot on so I want to use stops risking 8 to protect from further losses.
Want to know what I think for tomorrow and going forward?
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Howard Tyllas
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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.









