Home > ES Daily Plan > ES Daiy Plan 081612

ES Daiy Plan 081612

Commentary

In Asia, Japan +1.9% to 9093. Hong Kong -0.5% to 19963. China -0.3% to 2112. India -0.4% to 17657.
In Europe, at midday, London -0.1%. Paris -0.0%. Frankfurt +0.1%.
Futures at 7:00: Dow +0.1%. S&P +0.15%. Nasdaq +0.1%. Crude flat at $94.29. Gold -0.05% to $1605.80.

http://www.forexpros.com/indices/germany-30-advanced-chart

Econ Calendar

8:30 Housing Starts
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 E-Commerce Retail Sales
10:00 Philly Fed Business Outlook
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

http://www.dailyfx.com/calendar?tz=-7&sort=date&week=2012%2F0513&eur=true&usd=true&jpy=true&gbp=true&chf=true&aud=true&cad=true&nzd=true&cny=true&high=true&medium=true&low=false

http://www.bloomberg.com/markets/economic-calendar/

Earnings Watch

Notable earnings before today’s open:DANGDLTRGMEPRGOROSTSHLDWMT

Notable earnings after today’s close: AROAVGOBRCDDRYSGPSMRVL

Open Type

OIR

Trade Scenarios

– RTH PP: 02.75

– YHI: 05.75
– YLO: 99.25

– ONH: 7.75
– ONL: 03
– ON Mid: 05.5

Bull/Bear Line: 1400

Longs:

Rotational: If 1400 becomes support looking for 02.75 (PP), 05.75 (YHI), 07.75 (ONH), 09.25 (NVPOC)
Rotational: If  02.75 (PP) becomes support looking for 05.75 (YHI), 06.25 (R1), 07.75 (ONH), 09.25 (NVPOC)

PP Failure:

Shorts:

Rotational: If 1400 becomes resistance looking for 96.5 (NVPOC)-96.25 (S2), 93.25 (S3), 92 (range support), 90.25 (Gap)
Rotational: If  becomes resistance looking for

PP Failure:

Stats 

OIR,Op>PP<R1

IR,Op>PP<R1 267
IR,Op>PP<R1 & PP hit 222 83.15%
IR,Op>PP<R1 & R1 hit 102 38.20%

RULES

1. 2 strikes at a level & you’re out, once hit twice in row have to take a 10 minute break

2. 3-4 strikes overall all day & you’re out (depending on size of each trade)

3. NO trading other instruments that you’re unfamiliar with

4. 1.5-2 max loss in ES, 3-4 in NQ,

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