Home > ES Daily Plan > ES Daiy Plan 082312

ES Daiy Plan 082312

Commentary

In Asia, Japan -1.2%. Hong Kong -1.3%. China -1%. India -0.4%.
In Europe, at midday, London -0.2%. Paris -0.2%. Frankfurt -0.3%.
Futures at 7:00: Dow flat. S&P -0.1%. Nasdaq flat. Crude -0.4% to $95.86. Gold -0.3% to $1668.60.

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

Econ Calendar

8:30 Durable Goods

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: SOL

Open Type

OR

Trade Scenarios

RTH PP: 10.25

– YR: 10.5
– YIB: 5

– YHI: 08.5
– YLO: 98

– ONH: 02.5
– ONL: 95.25
– ON Mid: 99

Bull/Bear Line: 1402.25 (PP)

Longs:

Rotational: If 02.25 (PP) becomes support looking for 10.25 (PP), 08 (ONL), 04.25 (YLO),
Rotational: If 1400 (ON PP-YHI) becomes support looking for 02.25-02.5 (PP/ONH), 06.25 (R1), 08.5 (YHI)

PP Failure:

Shorts:

Rotational: If  becomes resistance looking for
Rotational: If 1400 (ON PP-YHI) becomes resistance looking for 98 (YLO), 96.5 (NVPOC), 95.75-95.25 (S1-ONL), 93 (

PP Failure: Yesterday LL, 98  has about 72% prob of being hit

Stats 

OOR,Op<PP>S1

OOR,Op<PP>S1 262
OOR,Op<PP>S1 & PP Tag 119 45.42%
OOR,Op<PP>S1 & S1 Tag 137 52.29%

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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