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September 30 year T BOND Daily Numbers & Trade Ideas for 8/18/10


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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

 

  

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?

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, 1-312-823-9189

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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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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