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Thursday, May 12, 2011

Day trading course 10 points + on S&P500

Day trading course 10 points + on S&P500.  Price took off from this AM point of control where we were looking for buyers to come in. [caption id="attachment_3785" align="alignleft" width="241" caption="Day trading course 12 point S&P500 trade"]Day trading course 12 point S&P500 trade[/caption]

S&P 500 day trading course

Day trading course Oil and Wheat trade on.

Day trading course commodity trades.  Oil at support and wheat for a short term retracement.  Notes on the pics.Day trading course Wheat trade is on. [caption id="attachment_3781" align="alignleft" width="204" caption="Day trading course Wheat trade preventative stop"]Day trading course Wheat trade preventative stop[/caption] Price Failure with support. 1 more hour to hold this one.                     Day trading course Oil is on too. [caption id="attachment_3782" align="alignleft" width="279" caption="Day trading course Oil trade for a test to 100"]Day trading course Oil trade for a test to 100[/caption]  

S&P 500 day trading course

Day trading course price action am session

Day trading course price action on the S&P500 emini futures NY open. Looking for buyers to step in. [caption id="attachment_3777" align="alignleft" width="300" caption="day trading course mid session price action"]day trading course mid session price action[/caption] Point of control (purple) on the S&P500 emini is 1335.25 . If buyers can get it above her today we could revisit the open gaps. We have an open gap at 1339 and 1354, noted in blue.  Good upside targets if we can get some more commitment from the buyers. Support at 1330 and extreme low of 1324.75 Resistance at 1339, 1343 on the 200MA and closing the gaps.  Then we have 1345 and then 1357. We could get a retest to 1334 for a move up and an inverted head and shoulders with overnight move up. Trade what you see, remember low volume sometimes creates some high volatility as market makers can easily change the direction of the market. Remember, Day trading is risky.  Do your own work, don't listen to anybody and understand that you are the only one responsible for your trades.  Always use a stop and manage your risk.  Join us for a Day trading course if you would like to learn these things.

S&P 500 day trading course

Day trading S&P 500 emini futures live trading room and day trading course's Fan Box