Daily for 10/09

[UrmaBlume 10]

Today's Numbers: 0830 EST International Trade Balance.

 

At 3 hours before the open the market trades between yesterday's seller at 1,067 and tests the late support seen at yesterday's opening price of 1,061.

 

This shot of the Market HUD shows slightly above average volume and a sell bias:

 

[UrmaBlume 10]

At an hour and a half into the day session price remains between nite session support and resistance. This shot of the Market HUD reflects much lower than average volume, mixed commitment and a slight negative bias.

 

[brownsfan019 17]

Got a question Urma - do you guys ever post blotters showing how you use this in your trading w/ cash on the line? Just curious what kind of actual, real-money results are done w/ the software you guys have programmed.

[UrmaBlume 10]

Got a question Urma - do you guys ever post blotters showing how you use this in your trading w/ cash on the line? Just curious what kind of actual, real-money results are done w/ the software you guys have programmed.

 

Browns,

 

As I mentioned before the indicators we post here are not the tools we use for our in-house trading. They are some of the tools we use for in-house training. All of my partners are pissed that I post as much as I do.

 

cheers

[Tams 20]

...All of my partners are pissed that I post as much as I do.

cheers

 

 

They should... LOL... you have given your house away.

 

 

Thanks though.

;-)

 

 

this is one of my efforts:

 

Edited October 9, 2009 by Tams

[UrmaBlume 10]

They should... LOL... you have given your house away.

Thanks though.

;-)

 

Certainly something - but not the house. The house looks entirely different from anything I have or will ever post here.

 

cheers

[Tams 20]

Certainly something - but not the house. The house looks entirely different from anything I have or will ever post here.

 

cheers

 

 

I guess we should have figured that from a poker player. LOL

[UrmaBlume 10]

At three hours into the session this chart shows the negative divergence between price and Net Money Flow that occurred as price made new highs.

 

[UrmaBlume 10]

Trading on just over half of average volume and within just over half of average daily range

price found good support at the session open of 1,062 and rallied to new

local highs at 1,068.50.

 

The 900,000 contract bar chart shown below well locates the longer term sellers and the

longer term buyers. Money flow shows an up action. The question from price here among the sellers is

will the money strength exceed the strength shown at 1,075.75 on 09/23.