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Soultrader

YM Analysis Dec. 11, 2006

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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.

1211mpchart.jpg.8e89e85d4bdd6262861be61a97295c42.jpg

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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!!!! :)

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