Monday, December 14, 2009

Emini Futures Trading - Monday December 14th, 2009

(QQQQ)(DIA)(SPY)(GLD)($INX)

Bill Provenzano from UpsideBreakOut.com shared some great advice today on meditation. The Good News is, you don't have to shave your head, renounce all your worldly possessions, or move to a mountain top. Just click the headline above and you'll get the gist of the Good Word which has the potential to change the way you approach your trading and just might make you an official CFRN Happy Camper along the way.

Here are our weekly numbers.

1120/1121

1111

1107/1108

1101/1102

1098

1092/1093

1083/1084

Our weekly numbers are calculated after the close each Friday. In the future we will strive to publish our numbers before the open on Monday. While these numbers are good for the entire week, they should not be considered "Magic" numbers. These are simply levels where we believe (after years of observation) that the market may or may not have a significant reaction. Since this is the first time we have publicly published our numbers, we suggest that you simply make note of them on a chart or jot them down on a sheet of paper.

Observe what happens as price approaches these levels. Does it trade through, or is it rejected?

Prior to each market open, we generate daily levels inside the weekly zones. Those numbers will be discussed on the radio program every day. Again, this is not magic. We are not psychic. The Holy Grail has officially evaded our grasp. We simply understand a few things. We encourage you to follow along and see if what we do, and our manner of trading, can be beneficial to you. If not, "take a hike".  =)

Along with our weekly and intra-day numbers, we will also publish our Daily Bias. (yikes)
I know, daytraders should never have a bias right? We should simply trade what's in front of us right?
Well let's clear something up. We may trade short on a day when our bias is long. (huh?)Yep, and the other way around as well. So what's the point? Here's a few pictures to spare me a few thousand words...





I would like to take this opportunity to extend my eternal gratitude to Greg who for several years has been a foundational part of our daily program. I will greatly miss the easy camaraderie we shared. Should the opportunity once again present itself where our daily schedules "mesh", the welcome mat is out and as Tom Bodett would say,   "We'll leave the light on for you." 

To the students of Trading Faith -  I wish you great success in your endeavors to become traders. I pray that the hand of God be upon you, that He bring you clarity, wisdom, and discernment straight from the throne. May He heartily bless you with both His mercy, and His grace. You will always hold a very special place in my heart and in the history of CFRN.

To all of the CFRN family -

"May God richly bless you
this holiday season"


Merry Christmas
from
 


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