YM Analysis Dec. 11, 2006

[Soultrader 12]

Quick YM analysis for Dec.11, 2006. I have my trading plan set at this particular levels. (chart is attached)

 

Will be looking at Fridays range: low and high

 

12335 - 12340: 12/01 POC and Fridays low cluster

12425 - 12430: 11/29, 11/30 POC and 12/07, 12/08 VAH and Fridays high cluster

12470 - 12475: 12/04 POC & 12/07 high

12500: 11/24 POC, 12/04 VAH, 12/05 VAL, 12/06 VAL and psych level

 

I will be looking to place trades at or near these levels using tape and market internals to judge whether price will meet S&R or break.

[torero 10]

Don't mind to dis you James, but you gotta have to learn how to post charts like Tex did .

[TinGull 10]

James, you're numbers a quite a bit different from mine. On my YMH7 charts I don't see it ever breaching 500... and I know the Z6 charts never did...

[Soultrader 12]

The only reason why I still use attachments is for guests... it forces them to register to view charts

 

Im using the @YM charts... could you check that up for me. I may be wrong.

[TinGull 10]

My continuous charts I'm not trusting until next monday. I just use the actual symbol for the March contract right now, and then when the expiration is overwith I'll move back to charts with the continuous symbol. My @YM charts show a HUGE gap up on last thursday in the middle of the morning session. But, they don't show things that high. Maybe you got some future charts!!!!

[Soultrader 12]

Interesting, I always use the continuous charts all year long.

 

Looks like a little premarket resistance at 12425 level. Should be key to watch here.. also Fridays high.

[TinGull 10]

Yea, with 420 being VAH and the PP on my charts...we'll see if it breaks, and I'll be in on the retracement