A LOOK AT RANGES 1/23/12

THE ranges for ES, NQ, TF, YM, and 6E were listed on the range page early in the AM EST.  Following is a brief look via charts at possible plays.  These are hypothetical but based upon feedback from users and setups described in prior blog post.  Your actual entries may vary.  The entry area should be fairly clear to you as you review the charts.  The setups used are available with clarity in real time.  Exits vary with users and variations (typical signals) are used where available.  We will called them hypothetical - even if real trades are mingled in- to avoid any suggestion that trading advise is being offered.

YM

















Range runs are a preferred play given the risk/reward assumptions, and YM was in one (anticipated) at the US open.  Plays will exit at the completion of the range run, at the first EMA- close, at a reversal (50CB, MAXT, gap, etc.), or at your desired profit.



6E

The Euro was already in a range run early, and a PB to a TL and EMA offered another entry.  The previous BO was a LBOT +10.  Even without the TL entry, a LBOT play was again available for +10 to +20.

By the US open, PA was holding at the EMA similar to the prior.  This is a long set up.

ES

ES returned into the range at the Sunday evening open (was a watch alert on Friday).  PA BO and a new range was calculated.  PA had stayed in range and was bullish at the US open with a Mid Range-EMA break for the long.  The HOD reversal short ran the range and the previous range from Friday.  This was a 10 point opportunity waiting for an exit setup (the eventual reversal).  Even without taking a long at the reversal, a secondary entry was at the TL/EMA break at the SBOT.  Another favorite play when numerous charting tools align, or collide.

After hours offered another 5 point potential.