June 28, 2013 Market Action

Today the market opened up at the 1601 support level
but could not keep above for very long. A Run down
to the 1595.00 support turned the market back up
and through the 1601 support which was now resistance.
since that level broke it acted like support which
setup a nice long trade to the 1606 resistance area
where the market hesitated a bit. The was broken and
the market ran up to 1610.00 . That acted like a lid
on the market all day. The market really stayed between
the 1602 area and 1610 area pretty much the rest of
the day until the last half hour when the 1610 zone
was rejected for the last time and the market came
down reall fast to the 1595.00 zone again.

As you can see from the chart below , the support and
resistance zones really framed the market well today
and by having these lines on your chart you would
be able to take advantage of the opportunities available, but
you need to know the setups and the how to trade them.

June 26, 2013 Market Action

Today the market gapped up into the third resistance
level published in last nights update. That was in line with
one of my setups to get short and the market came
down to the 1593.50 are where it stalled a bit
but continued to go down to the 1587.75 support area. That
turned out to be the low of the day and the market
started its run from there. Resistance than was broken
and turned into support which gave some very nice
buying opportunities as the market rallied up to the 1601.00 area.
Sellers came in near the close to bring the market back down the
the intraday level give at 1595.00.

Having a game plan for the trading day is an important
part of my routine. It increases your odds for success
and I encourage all of you to at the very least have a plan
for your trading. Understand how you will react and
plan our your trades in advance, because in the heat of the
moment emotions can take hold and it will be detrimental to
your success. Good Trading.

June 24, 2013 Market Action

Today we gapped down and after bottoming out near the
1553.00level the market started a slow and steady
grinding higher taking out two of the previous support
turned resistance. Aft reaching the 1578 area the
market could not keep above that area and a retest
failed for a reversal of the uptrend that started mid day.

There were many opportunities today in this two sided
market. You just need to know where the support and
resistance levels are and how to trade around them.
Certainly a major part of my strategy revolves around
the fixed support and resitance levels. But I do want
to point out that finding the dynamic areas on the chart
is equally important and only serves to at least double
the number of opportunities there on any given day.
In trading when you know that you have many opportunities
to make a trade you suddenlty realize that you don't need
to chase the market and when you miss a move it really is
no big deal. That change in psychology goes a long a way.
If you are interested in trading, what better principles can you
learn then those taught by a 30 year day trading veteran
that puts it on the line everyday. Check out the website and the course
available today.

June 19, 2013 Market Action

Today we had mostly sideways action pre fed announcement.
But for those who were patient a classic setup that
I teach in the course occurred post fed announcement for
a profit potential of 10 plus points. Check out the
chart and see how the support and resistance levels
frame the market and can give you opportunities to
profit.
I marked the chart with an arrow showing the location
of the trade. I even alerted the subscribers that
the 1635 level was a dynamic resistance level and
to look for a reaction there. The dynamic resistance
level are formed through out the day and I teach
students how to find these zones in the trading camp
that I hold once or twice year. 

Check out the website to get more information or contact
me via email.

June 17, 2013 Market Action

The market gapped up higher today above three resistance
levels and then ran up to exceed the the fourth level
at 1369.50. The push thru was brief and after chopping
sideway another attempt to push through failed the
selling started. That set up for great shorting opportunity
which had a potential profit of about 15 es points.
The key in a market like that was to be patient and
wait for the right setup.

If you missed that one there were some other bounces that
were very shortable if you had the right method and
techniques to enter. Later a 123 bottom formed giving
us another opportunity to get long and with a profit
potential of about 10 es points.

If you would like to know more about my setups and
the techniques I have used for over thirty years check
out the Ebook and some of the other trading courses on
the website.

June 10, 2013 Market Action

Today the market opened up just above the first
resistance level at 1647.00 and ran up to tag
the 1648.00 Second resistance level. That was
rejected and a deep pullback to just above initial
support brought in some buyers.  Some Sideways action
at the 1647.00 resistance level and the market came
back down to test the low of the day and continued
to trade sideways for the rest of the day.

There were some decent opportunities for trading
today although not many.  However with my style of
trading you will at least find 2-3 trades a day
on most days.

PS. I used Ninja Trader Charts today.

June 5, 2013 Market Action

Today the market opened just under initial support
and gave us a great shorting opportunity right from
the get go. That rejection there at the 1628.75
was the clue that we would possibly be heading lower
Then we had a great last trapped trade setup around 930 CST
for a good profit of the down side. We then had a support
turn resistance trade for another nice short today.
These are the days that we strive for in the markets.
It's all about making your losers small and taking advantage
of the opportunity when the market gives them to us
to make our winners big.

Get on board and pick up a copy of the ebook and DVD course
to start to learn how to trade these markets. With me you get
full support and answers to any questions. Contact me
for more details or with any questions you may have.

June 4, 2013 Market Action

Nice Range today and some really good opportunities
to make some decent gains. I have outlined on the
chart below 5 very basic trades that I can teach
you how to take based on my trading techniques that
I have been using for over 30 years.

You can see by the arrows and there was no shortage of
opportunity today. As a matter of fact the markets
are full of opportunity every week to make a decent
return.

June 3, 2013 Market Action

The market bounced early from initial resistance
on Monday but was not able to clear initial resistance. A
rejection brought the market down to test the bottom
support level and after a small bounce from there
the market went sideways for a while before staging
a run up to the initial resistance area.

Once the market got going and held the 1626.50 area there
were some great opportunities to make some decent
points today. I highlighted two of the many
chances available today to make some nice trades.
Daily there are ways to trade this
market safely and profitably. Get on board and
pick up a copy of the ebook.