/ym for 9/12

Trading plan...

1. We have broken above the Ichimoku cloud this should in theory create support for the market. Thus this becomes an very interesting location to keep an eye on. If we dip below the cloud look to see how price acts on a test to determine if this is now resistance.

2. We are again looking bullish on Ichimoku other than the Chikou which is trading below price still.

3. Looking at the longer term picture we are beginning to develop a head and shoulders pattern on the daily chart so I wouldnt be surprised to see a price start down, but remember this will need confirmation. We like trading trends and we are in an up trend thus to short we will need confirmation.

4. As usual be on the look for a gap fade situation in the morning and keep and eye on the TICK, TRIN, and TIKI.

review for /ym 9/11

Review...

1. We broke highs for the previous day and the over night high within moments of market open. This creates conditions for taking long positions, but we will still need more confluence.

2. We had a bullish indications from Ichimoku which was the confluence to confirm our above theory. We had our eyes set on the top of the cloud which we penetrated by EOD. This now has the potential to act as support moving forward.

Overall this was a great day for a trend trader.

/ym 9/11

Trading plan...

1. We like fade plays on gaps on Wed. We will however have to keep an eye on this price channel developing overnight. If this development continues we will be apt to take positions in the direction of a breakout given the right criteria.

2. In terms of Ichimoku we are looking bullish so I would keep an eye for price moves towards the top of the cloud.

Notable News:
EIA Petroleum Status Report - 10:30AM

/ym 9/9

Trading plan for 9/9...

1. We like the morning gap moves. We will keep an eye on our key levels of S/R. Any breach of these with confirming volume and price action we take a position.

2. We like fading extreme TICK moves, so remember to keep those in mind when entering and exiting trades.

3. As usual we like trading market profile so also keep an eye out for developing S/R in terms of value area.

4. We will take trades on breaks of opening range but only with confirmation through price and volume.