Recent content by jasont

After giving it much thought, I have decided to move my journal from here. I was recommended early on to make the change and am now doing so. The new journal can be found here: Jay's Journal

Trade Setup For May 23rd Here are my zones I have noted for May 23rd: Resistance 1398.75-1399.50 1407.25-1407.75 1414.50-1415.25 1418.25-1419 Support 1391.50-1391 1384.25-1383.75 1380.5 1377.50-1377 No Trading For May 23rd I'm not going to be trading today as I have an early start on...

Hey Spitlink. I am using New York time zone in my posts. I think it is GMT -5 hours but daylight savings changes it. Currently GMT time is 6am and New York time is 2am. Hope that helps.

Trading For 22nd May Here is the journal for the 22nd May: The unemployment claims result was better than expected which turned the overnight market around from a strong downtrend. Not sure if it will be enough to turn the move lower from the past two days. We are currently looking at a flat...

Trade Setup For May 22nd Here are my zones for May 22nd: Resistance 1396.50-1397.25 1401.50-1402.25 1407.25-1407.75 1414.50-1415.25 Support 1388.75-1388 1384.25-1383.75 1380.5 1377.50-1377 1372.75-1372 My Outlook I thought we would see a move down but didn't think we'd see the size we saw...

Trading For 21st May Here is the notes from the 21st May: Today we have the FOMC meeting minutes at 2pm. This is the only substantial news for the day but the Crude Oil inventories at 10.30am may cause a stir. The overnight action saw the market reach as high as 1421 and seemed to have found...

Trade Setup For May 21st Here is the zones I'm looking for on 21st May: Resistance 1418.25-1419 1421.75-1422.50 1430.75-1431.50 1440-1441 Support 1415.25-1414.50 1407.75-1407.25 1402.25-1401.50 1397.25-1396.50 My Outlook Yesterdays market action has me thinking we will either consolidate...

Trading For 20th May Here is my entries for the 20th May: The only news worth noting today was the PPI figures announced at 8.30am. That caused a bit of volatility and had the after hours market break through its 1423 support area it was holding. We now look as though we are going to open with...

Thanks for the great advice LiggerPig. I keep the YM and NQ next to me and watch for any guidance from them. Sometimes the ES will follow the NQ but recently it has not been as reliable. I have heard that the Bonds and T-Note market can often be a good guide and is something I would like to look...

Hey LiggerPig thanks for the great post. It has helped me see that my choice to stay out though painful was the best for my trading. I read your journal in regards to May 19th and must say you did a great job. It seems you had great patience waiting for the slow uptrend to finally peak and when...

Trade Setup For 20th May Here are my areas I'm watching for on the 20th May: Resistance 1430.75-1431.50 1440-1441 Support 1422.50-1421.75 1419-1418.25 1415.25-1414.50 1407.75-1407.25 My Outlook After todays market my bias has changed to neutral and a slight sway to bearish. The pattern we...

Trading for 19th May Here is my journal for the 19th May: There is no major news being released today so we are left to build upon Fridays market. The weekend action has been pretty flat moving in a 3 point range. Things may be pretty quiet today without any news to lead it. Something I will...

I look forward to reading your progress with this Nine as Forex is something I have never traded before but had an interest in. Do you find a big difference in trading a daily time frame as opposed to the much shorter time frame you traded the eurofx futures?

Trade Setup for 19th May Here are the levels I'm watching for the 19th May: Resistance 1425.50-1426.25 Support 1419-1418.25 1415.25-1414.50 1407.75-1407.25 1402.25-1401.50 My Outlook Things still appear pretty positive according to the charts. We have bounced off the previous range highs...

Trading for 16th May Here is the journal for the 16th May: We have seen a small rise in the overnight market from yesterdays close but nothing to call home about. We seem to be having a bit of trouble in the pre market getting beyond 1429 which may be a hurdle to get over early on. We have the...