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Friday, May 20, 2011

Fun in the sun...

I'm on vacation now and will be back shortly after June 21. Before I sign off until then, I want to thank, firstly, my late hubby/trading partner for getting me "hooked on trading" and, secondly, my trading mentors/friends (you know who you all are) for taking me under your wing! I'm very grateful for your kind support, fun and wisdom that you've so generously shared with me over the months and years. I may have lost my soul-mate, but I've gained many friends in the process...I find this to be totally amazing, and it is a priceless gift to me! I wish you all safe trading and hope you make many happy memories along the way.


P.S.  Here's how the YM, ES, NQ & TF closed on April-May's OPEX Friday. Each candle on the chartgrid below represents a one-month OPEX period. The following Pivot Points calculated from this last OPEX candle are now in effect for the May-June OPEX period:
YM = 12458
ES = 1330.75
NQ = 2341
TF = 836.90 (The TF is the only one that didn't close above its PP for the April-May OPEX period)


The chartgrid below shows Daily charts of YM, ES, NQ & TF with Volume Profiles shown for each OPEX period. The April-May OPEX Volume Profile POC figures are (red horizontal line):
YM = 12593
ES = 1332
NQ = 2367
TF = 843


The above PP & POC levels may play a pivotal role in determining a direction in trend for this next OPEX period.

Now where did I put my sunglasses...