Ym trade 7/3 Part II

- The afternoon plays out as expected, support(green line) and previous lows (red doted line) held, setting up a bounce after a morning pullout.
Notice how the tick indicator held up above zero, signaling an interest to bottom-fish. My target is usually the days VWAP, or return to mean by volume (thick doted cyan line). It also happened to be the 200 ema, put together , a rather notable resistance level.

hope it helps!!!

Ym trade 7/3

- They say a picture is a lot worth more than words.. Check out the day's action today, hustle free points from the morning slump. The tick indicator is evidence of that mass move out of equities, at >1000. All was needed was moving stops down as the slump progressed.
- It seems from the daily, the uptrend is still intact, so we can't rule out a bounce later in the day if the support line holds.
hope it helps.

YM 1/2 & 2/2 2011

- some of my day trading entries on the Ym feb 1 and 2, as labelled above. Not included are the ticks that are very important to determine the direction of volume in favor of our position.
-As you can see the trend-lines are stop and entry areas, that keeps my trade contained in the direction of the trend.
Hope this helps...