Home > ES Daily Plan > ES Daiy Plan 091012

ES Daiy Plan 091012

Commentary

In Asia, Japan flat at 8869. Hong Kong +0.1% to 19827. China +0.3% to 2135. India +0.1% to 17767.
In Europe, at midday, London flat. Paris -0.1%. Frankfurt flat.
Futures at 7:00: Dow -0.1%. S&P -0.2%. Nasdaq -0.15%. Crude flat at $96.42. Gold -0.3% to $1733.50.

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

Econ Calendar

10:00 Employment Trends Index
3:00 PM Consumer Credit

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: PPHM

Open Type

OR

Trade Scenarios

RTH PP: 36.25 (75%)

– YR: 6.5
– YIB:

– YHI: 38.75
– YLO: 32.25

– ONH: 38.75
– ONL: 33
– ON Mid: 35.5

Bull/Bear Line:  35-36

Longs:

Rotational: If 35-36 becomes support looking for 38.75, 40 (R1)
Rotational: If  becomes support looking for

PP Failure/PP Confirmation: HH, Close above PP 72% Probability of 38.75 (YHI) tagging

Shorts:

Rotational: If 35-36 becomes resistance looking for 32.75 (ONL-YLO), 31-30 (Gap Fill/NVPOC)
Rotational: If becomes resistance looking for

PP Failure/PP Confirmation:

Stats 

OIR, Op<PP>S1

IR,Op<PP>S1 256
IR,Op<PP>S1 & PP Tag 216 84.38%
IR,Op<PP>S1 & S1 Tag 137 53.52%

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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