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

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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.

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S&P 500 Day Trading Course Gap for May 11, 2009 Learn how to Trade

We started today with a quick 8 point run up after our open @ 915.00. Only to turn around and drop an even greater 13 points to our intraday low of 909.75 @ 10:26. Not quite enough of a drop to fill yesterday's gap of 903.00. From here it was steady higher lows, until we reached our intraday high of 927.75 @ 2:51. We ended the day caught in a channel between 921.25 and 925.25 starting around 3:15, keeping us on our toes watching for the breakdown we never got. Close today came in at 925.00, up 10 Points from our open. Point of Control staying at 912.50.

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S&P500 day trading course Gap for May 7, 2009 lern how to trade

OK, a quick look at today's market action. Opening today @ 925.50 after yesterday's 915.00 close left us with a nice 10 point gap to fill. We quickly hit our days high of 927.00 @ 9:41 bringing us into our change in direction starting our descent. It came to us without warning after a choppy open at 9:44 with a beautiful signal to short, and boy did we ever. 

A 15 point drop came our way right out of the gates, (All you swing traders out there must have really loved that!) and aother 5 ponts by 10:30. Point of control today came in at 912.25, fighting a little but then continuing down to our day's low of 898.00 around 3:35. Our range today was 27.5 points, leaving enough room for everybody to profit. Then filling yesterday's gap of 915.00 @ 10:23 and also closing the gap from Tuesday (900.00) later in the day. 903.00 was today's close. Up a bit from our low, and sending us into the overnight on our way up. Watch for a higher open tomorrow, provided we keep with our weekly trend. Hope this is helpful, keep your eyes open and your trigger finger ready. Watch for the shorts, we may be getting into a change in direction.

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.

Another day up.

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.

S&P 500 day trading course for May 5, 2009 learn how to trade

S&P 500 emini futures day trading course

Well what a day today! Hope nobody got creamed today because my 1min chart looked like a basketball going down the court! OK but now to business, we opened @ 900.25 today after yesterday's 904.25 close. 11min into our day today yielded us our high of 904.75 @ 9:41. From here we began our day of yo-yo like head bobbing, watching price move between a few points of support and resistance. Today's Point of control coming in at 896.25. We had a bit of a scuffle only to see our aggressive buyers run away with it after hitting our intraday low of 893.50 @ 2:32, much like we have been seeing for the last few weeks. Only today we managed not to make any over all direction, trading inside an 11 point range getting our close today @ 900.00. Just one tick below our open this am. Watch for 904.25 area, as it looks to me like we have had some resistance fighting a breakthrough there. Possibly a POC for tomorrow?? Guess we will see.


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 emini futures April 30 learn how to trade

S&P 500 emini futures learn how to trade

Quick recap for April 30, 2009

Opened today @ 879.50 after yesterdays 868.00 close, leaving us with a nice 11 1/2 point gap to fill. Being thursday gave us a nice indicator to watch for a change in direction. After open we kept with our 2 day up trend peaking @ 887.00 this morning before breaking through support @ 879.25 early this afternoon giving us our change in direction and filling the gap shortly after 1'oclock. Point of control today being 875.00, with an intraday low of 864.50. Nice little sell off just before close today (I wish I was in on!) closing out at 869.00. Let's see what tonight brings and be ready to make some money in the 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.