Follow up to Day Trading Plan - S&P500 price and direction

Day trading plan - plan to trade the S&P500 emini futures

The S&P500 emini future seemed to fill the projected price action model I put up for the Money Maker Edge™ trading course.

Plan the trade and trade the plan.

Support was hit, then reversed to get the new high.  Watching on Friday , February 6, 2015 for this to close at the highs with a possible break through resistance.

S&P 500 day trading Sept 3 live trading room

S&P 500 day trading course, levels of support and resistance. Live trading room with Joel Wissing.



Extreme high 1027.75
Extreme low of 973.75

Point of control 994

We slowed down to a crawl today with a very tight and range bound trading day. Volume dropped off to 1.9 million today after yesterdays 3 million plus. Hopefully the market will face the piper on some of the valuations in equities and get this cleaned out in the third quarter. September is known as the worst performing month on the indexes and it has basically started off with the kind of direction to propel the markets lower. Lots of support here, but for how long?

Join us in Montreal for a live training on October 3-5 with 1 day of live trading and 13 weeks of the live trading room.

S&P 500 Day Trading Course Gap for Aug 27, 2009 Learn How to Trade

Trading opened today at 1024.25, just 2.75 points below yesterday's 1027.00 close. We hit both our low (1020.25) and our high (1032.00) before 11am market time today. The rest of the day consolidated into a 4 point range between 1028.00 and 1024.00, piercing a few times but never with enough momentum to break out of the congestion.

The day closed at 1026.75, after trading an 11.75 point range through the day. The gap of 1027.00 was closed shortly after 10am this morning.

The large price jump you see in the chart from 10 to 11am is contributed to by stronger than expected U.S. durable orders, as well as improved U.S. consumer confidence numbers that were released this morning.

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

diverging topside wedge, learn to trade S&P 500 emini futures

http://www.moneymakeredge.com/blog showing the elliot wave and a diverging wedge for the resistance on the bear trend we are in. Break to new highs or retrace to lower levels.

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

S&P 500 day trading course,Trading Day Tuesday, July 28th

Hi Friends, Well can anyone say "ditto". Oh my gosh today looks just like yesterday with just a few minor changes. The market gaped down and opened at 972.25 and immediately started to fill the gap. It got as high as 979.25 (2 ticks lower than yesterdays high) and then sank when the Comsumer Comfidence numbers came out. Hit the low more than an hour later at 966.00 and just made a steady march back up from there and ended the day at 976.50. 13 point trading range today. Hope you made some money and we will see what tomorrow brings. Hopefully a different picture anyway.
LauraQ

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

Trading Psychology, learn to trade A little swearing could help.

Some good news when you loose one,

a little swearing could take the pain out.

This could be a good release techique to move on.

http://www.reuters.com/article/lifestyleMolt/idUSTRE56C1B320090713?feedType=RSS&feedName=lifestyleMolt

Enjoy.

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

S&P 500 Day Trading Course Gap for July 8, 2009 Learn How to Trade

Trading opened today at 891.75, only 1.75 points down from yesterday's close and our 893.50 Gap. We closed the gap and hit our high of 893.50 rather quickly then began our descent into the day. Our low was 875.25 and we closed the day at 876.00. Today's range was 18.25 points.

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

S&P 500 Day Trading Course Gap for June 4, 2009 Learn How to Trade

Today trading opened at 935.00, 9.75 points down from yesterday's close. We didn't fill the gap today as we headed down pretty much right from open. Our high today came in at 936.50, only 11/2 points up from our open, while our intraday low came at 922.50 only 1 tick away from our open gap from Friday of 922.25.

We closed off our day at 931.50, while our range for the day was 14 points.

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

S&P 500 Day Trading Course Gap for June 3, 2009 Learn How to Trade

We opened at 938.75 today, 4 points down from yesterday's 942.75 close. We had most of our action today within the first 35-40min, yielding us our high (949.00), our low (936.75) and filling the gap. We spent the majority of the rest of the day trading a 7 point channel between 947.75 and 940.75.

Close came in today at 944.25 just 51/2 points up from open, while our total range for today's trading was 12.5 points. We still have an open gap from Friday back at 922.25.

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

S&P 500 Day Trading Course Gap for June 2, 2009 Learn How to Trade

Open today was 931.75, up 9.5 points from Friday's 922.25 close. We took off out of the gates this morning running up almost 9 points in the first hour. From there we consolidated for most of the remainder of the day. However we manage to break out breifly to hit a 2009 high of 947.25 before closing the day at 942.75. Our range today was 17.75 points, while we left our 922.25 gap from Friday unfilled.

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

S&P 500 Day Trading Course Gap for June 1, 2009 Learn How to Trade

Friday opened at 909.50 from our previous day's close at 904.50. After open the 5 point gap was filled rather quickly as we headed to our intraday low of 902.25. From there we seemed to get stuck in a 5-6 point trading range, breaking out of the congestion shortly before close to sail to our high of 925.50 and close the day at 922.25.

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

learn to trade S&P500 Day Trading Course Gap for May 27, 2009 Learn How to Trade

If you were long this morning you probably had a good start to your day! Today our open was also our low, 878.50. From open we started our day with a 7 point gap to fill from Friday's close @ 885.50. We pressed upward hard until about 10:20, from there we progressed at a more medium pace. But upward still the same all the way to our intraday high of 911.00 shortly before 3 O'clock, with a little back and forth into today's close @ 908.50. Our range today was 30.25 points.

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

S&P500 Day Trading Course Gap for May 26, 2009 Learn How to Trade

Chart oh chart on my screen, where is direction to be seen? Open this morning came in at 889.75 having the overnight leave us with a gap of 887.75, only 2 points down from yesterday's close. From open we headed down to fill the gap within minutes and continue right down to our low of 882.00. Then back up where we seemed to consolidate from 11:00 right through to about 3:00. We hit our high at 895.50 then began our sell off into the weekend. Close came in at 885.50, while our range today was 13.5 points.

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

S&P 500 Day Trading Course Gap for May 19, 2009 Learn How to Trade

Up Up and away! Open today came in at 890.75 from Friday's 882.25 close. From here we began our day of upward movement, chugging along like the little train that could. We went right into our high of 908.75, backing off just a little bit for our close today at 907.75. Our low came in at 889.00 shortly after open, while our range was 19.75 points.

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

S&P 500 Day Trading Course Gap for May 15, 2009 Learn how to Trade

883.75 was our open today, just 1 tick up from yesterday's close. With our gap from yesterday closed within seconds we were left to see what would become of day. 9:45 we had a run down to bring us to our 880.50 low of the day, after that came a change in direction. We climbed steadily into the afternoon reaching our 896.75 high for the day at 2:45. From there we went to our close for the day of 890.00. Range today was 16.25 Points, while our Point of Control was 889.25. We still have an open gap at 905.50. will it fill before Friday's close?

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

S&P 500 Day trading course Gap for May 12, 2009 Learn how to trade

Click on photo to enlarge.

Our open today was 912.50, a 12.5 point drop from our Friday close. We had a quick run to our low of 905.75 right after open today, and from there we began a long day of what reminds me of the game Pong. (anyone remember it?) Bouncing around in a 5 point channel between 909.50 and 914.50. We did sneak out a few times, but each time managed to find ourselves back in the fence. 

Today's high came to us in the 11:17 minute @ 916.50, a far cry from the 925.00 we had to achieve to close the gap from Friday. Our close today did make it out of our channel as we managed to break through support with an aggressive sell in the end of the day. We touched our 905.75 low, then closed our day at 907.25. Watch for Point of Control tomorrow @ 909.75. Interesting thing today, down trend from Fri 3:00 held strong. Does that mean anything? Guess we'll find out soon enough.

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

S&P 500 Day Trading Coarse Gap for May 6, 2009 learn how to trade

We opened today @ 912.25 after a big push up this morning just before open. (Over 10 pts in a 1min bar!) From open we immediately started on our decent to our intraday low of 901.25 @ 10:34 getting us close, but not close enough to fill the gap for today which waved good bye to us from it's 900.00 close yesterday. 

Point of Control today @ 904.25, which wasn't much of a battle ground as the aggressive buyers came in and took control after an hour and a half of squabbling. Making it's final appearance at 1:30, it went from there with steady higher lows all the way into today's close @ 915.00. We hit our intraday high of 917.25 twice, with one more bounce off the trend line into the overnight.

May 7 POC  will be 912.25

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.