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September Nat Gas Daily Numbers & Trade Ideas for 8/23/10


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This report was sent to subscribers on 8/21/10 8:30 a.m. Chicago time to be used for trading on 8/23/10. Everything is done by Howard Tyllas, no program or black box.

September Nat Gas 

After the close recap on 8/23/10: My pivot acted as resistance and was 4.141, .012 from the actual high, and my support was 4.033, only .004 from the actual low.

Results for 8/23/10 were:

Soybeans: My resistance was .04 1/4 from the actual high; my support was .00 3/4 from the actual low.

Corn:    My resistance was .01 1/4 from the actual high; my support was .00 3/4 from the actual low. 

Crude Oil: My resistance was .38 from the actual high; my support was .46 from the actual low.

S&P:    My resistance was 1.75 from the actual high; my support was 3.25 from the actual low. 

Gold:     My resistance was $4.20 from the actual high; my support was $3.90 from the actual low. 

Euro:    My resistance was .51 from the actual high; my support was .33 from the actual low. 

Bonds: My resistance was 8 from the actual high; my support was 13 from the actual low. 

Nat. Gas: My resistance was .012 from the actual high; my support was .004 from the actual low.   

Cattle:  My resistance was the EXACT actual high; my support was .02 from the actual low. 

Subscribe now! Do yourself a favor and get your numbers after the market is closed to be used for the next session trading. Ask yourself how much would it have been worth to read my comments and get my numbers 14 hours before today's open outcry?

All charts and numbers for 8/24/10 have already been sent to subscribers at 6:10pm. 

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 September Nat Gas 

                            

4.249                                Resistance

------------4.141            Pivot & Bracket Line Support/resistance

4.033                                Support

                       

        Use the same numbers as used on 8/20/10

Trend               

5 day chart .........  Down                                                                                                  

Daily chart   .........Down                    

Weekly chart ........Down     

Monthly chart         Down   4.974 is the 200 day MA

ATR .152                 Extremely Oversold 3%  

Bracket line support turned into resistance when the market closed below it. Support numbers come from the weekly charts.

September Nat Gas for 8/23/10:

Bears reached their objective of the bracket line, if the market goes below that line it will turn into resistance (what was support is now resistance when violated). 

In my daily Nat Gas numbers on Friday; my pivot acted as resistance and was .036 from the actual high; my pivot also acted as support was .032 from the actual low.      

Natural Gas: Accurate numbers. Wanting to take the sell signal at resistance was a good idea. Closing below the bracket line support is bearish enough, but posting a new low for the year is another. Extremely oversold now but bears in total control, so I would trade the numbers without bias risking .35 on any trade idea. I am using the same numbers as I used on Friday.

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 Nat Gas for 8/20/10:

Natural Gas: Spot on numbers with my support off .001 and my resistance off by .001. I want you to notice how the bracket line support was perfect, this is not coincidence, as well as why I said this was the bears target long ago. The bracket line is always my target no matter the market, and that is why I said that. I never want to press the short side when at a bracket line support, so I want to take the buy signal only today and risk .035 on the trade idea. I would consider selling the market not at the pivot, but if they got to my resistance number, and risk only .035 on that trade idea using a buy stop.

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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