Day Trading & Forex Forum

*ds-ds*

Important S/R areas for Thursday 28th May 2009 (imho)!

15min outlook
http://img9.imageshack.us/img9/6803/...28052009es.png

60min outlook
http://img9.imageshack.us/img9/4872/...8052009esd.png

*ds-ds*

Important S/R & Gann studies for Friday 29th May (imho)

15min Gann study
http://img17.imageshack.us/img17/702...29052009es.png

S/R for friday 29th
http://img17.imageshack.us/img17/408...9052009ese.png


Trading in any type of financial instrument has large potential rewards but also high levels of risk. In some circumstances you may be able to lose more than your original investment. You must be aware of the risks which are present in trading any type of financial instrument and should consult a registered financial advisor before commencing trading any such instrument.

Information provided in these charts is intended as GENERAL COMMENT ONLY for informational purposes and is not to be considered individual financial advice, nor is it to be considered a solicitation nor an offer to buy/sell any financial instrument.Those who view these charts acknowledge they are solely responsible for their own trading style, techniques and results and are as such are solely responsible for any profit or loss which may result from it.

*ds-ds*

Charts for Monday 1st June 2009

15min Gann Study
http://img17.imageshack.us/img17/957...eview15min.png

15min Support & Resistance Levels
http://img17.imageshack.us/img17/355...view15mino.png

Importance of 913-910 area
ES 60min chart:
http://img17.imageshack.us/img17/476...eview60min.png

As neckline of inverse H&S:
http://img17.imageshack.us/img17/836...eviewinver.png


Trading in any type of financial instrument has large potential rewards but also high levels of risk. In some circumstances you may be able to lose more than your original investment. You must be aware of the risks which are present in trading any type of financial instrument and should consult a registered financial advisor before commencing trading any such instrument.

Information provided in these charts is intended as GENERAL COMMENT ONLY for informational purposes and is not to be considered individual financial advice, nor is it to be considered a solicitation nor an offer to buy/sell any financial instrument.Those who view these charts acknowledge they are solely responsible for their own trading style, techniques and results and are as such are solely responsible for any profit or loss which may result from it.

*ds-ds*

A few charts of interest following the market close on Monday 1st June 2009.

#1 15min Chart with Gann Swing Chart & MAs

http://img23.imageshack.us/img23/977...view15ming.png

This first chart is an ES 15min chart with a "3 period" Gann swing chart overlaid on it. I determine intraday market trend using a combination of trend indicated by the Gann swing chart (15min) and trend indicated by the 200sma(15). This chart shows where what I term "overall" trend (i.e. when Gann swing trend and moving average trend both became up) turned up on friday and the effect is has had since.


#2 4hr ES Chart

http://img23.imageshack.us/img23/294...nreview4hr.png

This 4hr chart shows the longer-term context of recent price action and the significance of the break above the 913-910 S/R area late on in Friday's session.


Trading in any type of financial instrument has large potential rewards but also high levels of risk. In some circumstances you may be able to lose more than your original investment. You must be aware of the risks which are present in trading any type of financial instrument and should consult a registered financial advisor before commencing trading any such instrument.

Information provided in these charts is intended as GENERAL COMMENT ONLY for informational purposes and is not to be considered individual financial advice, nor is it to be considered a solicitation nor an offer to buy/sell any financial instrument.Those who view these charts acknowledge they are solely responsible for their own trading style, techniques and results and are as such are solely responsible for any profit or loss which may result from it.

*ds-ds*

#1 ES 15min chart with MAs and Gann swing chart
http://img4.imageshack.us/img4/6428/...review15mi.png

This first chart is an ES 15min chart with a "3 period" Gann swing chart overlaid on it. I determine intraday market trend using a combination of trend indicated by the Gann swing chart (15min) and trend indicated by the 200sma(15). This chart shows where what I term "overall" trend (i.e. when Gann swing trend and moving average trend both became up) turned up on friday and the effect is has had since. The series of higher Gann swing highs and higher Gann swing lows since Friday are illustrated. In order to turn Gann swing trend down, currently price must break the 928.5 area to the downside.


#2 Expected S/R for ES on Tuesday 2nd June
http://img132.imageshack.us/img132/6...review15mi.png

S/R I take into consideration includes prior price respects of given price areas across multiple time frames, trendlines, chart patterns, daily pivot points and weekly pivot points.



Trading in any type of financial instrument has large potential rewards but also high levels of risk. In some circumstances you may be able to lose more than your original investment. You must be aware of the risks which are present in trading any type of financial instrument and should consult a registered financial advisor before commencing trading any such instrument.

Information provided in these charts is intended as GENERAL COMMENT ONLY for informational purposes and is not to be considered individual financial advice, nor is it to be considered a solicitation nor an offer to buy/sell any financial instrument.Those who view these charts acknowledge they are solely responsible for their own trading style, techniques and results and are as such are solely responsible for any profit or loss which may result from it.

*ds-ds*

Outlook for Wednesday 3rd June 2009

Good morning everyone! A comparatively range-bound day of consolidation yesterday in theory means that there may be some more volatility today and given that trend remains up across longer-term time frames (60min & 4hr) it could be suggested that we see another more bullish session today. However, should bullish price action materialise, price is unlikely to break substantially above the 949 highs of yesterday given the proximity of the ES 4hr chart to its upper Bollinger band and whilst these Bollinger Bands continue to converge.

http://img3.imageshack.us/img3/7388/...sreview4hr.png

The ES 15min chart also supports a more neutral outlook.

http://img10.imageshack.us/img10/151...review15mi.png

Despite remaining above the 200sma(15) – an inherently bullish sign, price has consolidated leaving 15min Gann swing trend neutral as of yesterday’s close. A flat-topped triangulation pattern can clearly be seen, which despite often being seen as a bullish continuation signal remains a sign of consolidation, or of uncertainty in price direction, until broken out of.

Clearly the 947.5 S/R area remains important S/R into today’s trading, however other S/R levels are outlined below.

http://img10.imageshack.us/img10/155...eview15miw.png

Good luck trading today everyone!


Trading in any type of financial instrument has large potential rewards but also high levels of risk. In some circumstances you may be able to lose more than your original investment. You must be aware of the risks which are present in trading any type of financial instrument and should consult a registered financial advisor before commencing trading any such instrument.

Information provided in these charts is intended as GENERAL COMMENT ONLY for informational purposes and is not to be considered individual financial advice, nor is it to be considered a solicitation nor an offer to buy/sell any financial instrument.Those who view these charts acknowledge they are solely responsible for their own trading style, techniques and results and are as such are solely responsible for any profit or loss which may result from it.