TFH12 hit the identified resistance zone on the Monthly Profile in the overnight market last and generated the short entry at 765.30 it then proceeded lower and bottomed at 760.80 stop was moved to lock in profit at 761.80. TFH12 then found support inside the Persistence Zone of the inter-day profile which was 762.30 to 759.30 the bulls were in control of the market within this range. The bulls were able to maintain control on the inter-day profile and held support within the Persistence Zone and TFH12 started to reverse and hit our stop on the profitable short, which was good for 3.5 points. The Emini Russell is $100 a point multiplied by 2 contracts is $700.
The same inter-day PZ provided support at the opening bell and pushed TFH12 back up towards the identified resistance range that was derived on the Monthly Profile. Once TFH12 hit the resistance range our focus shifted to the Weekly Profile in order to identify a possible re-entry on the short. The weekly Profile did not generate a sell signal within the Monthly Resistance range and continued higher trading through the top of the range and establishing a Bullish Breakout. TFH12 also held the time filter above the top of the PZ on the Weekly Profile and the bulls took control of the market.
Again as i have mentioned before the Yearly Profile failed to confirm a downtrend and is now reverting to the Zone-Trader Pivot at 797.00. I cannot stress this more, Long-term overpowers Short-term and this is another example of that, which was encountered today. It is best to assess the direction as being depicted by the Long-term profile and then take the signals off the shorter time frame profiles that align with that direction. In this case we should be looking to play all buy signals derived from the Monthly, Weekly, and Inter-day Profiles.
Here is chart of the weekly Profile:
ALERT: Look to buy the 1st retrace on the Weekly Profile look for support at these prices, 771.00, 768.60, and 766.70. The signal for entry will generate on the next profile lower, which is the inter-day and it will most likely be derived from a failure to the downside within the Zone-Trader Philosophy.
BONUS! To request a free 1 week trial to the live trading room and receive instant access to all trading signals send email to (rvrueb@gmail.com)
The same inter-day PZ provided support at the opening bell and pushed TFH12 back up towards the identified resistance range that was derived on the Monthly Profile. Once TFH12 hit the resistance range our focus shifted to the Weekly Profile in order to identify a possible re-entry on the short. The weekly Profile did not generate a sell signal within the Monthly Resistance range and continued higher trading through the top of the range and establishing a Bullish Breakout. TFH12 also held the time filter above the top of the PZ on the Weekly Profile and the bulls took control of the market.
Again as i have mentioned before the Yearly Profile failed to confirm a downtrend and is now reverting to the Zone-Trader Pivot at 797.00. I cannot stress this more, Long-term overpowers Short-term and this is another example of that, which was encountered today. It is best to assess the direction as being depicted by the Long-term profile and then take the signals off the shorter time frame profiles that align with that direction. In this case we should be looking to play all buy signals derived from the Monthly, Weekly, and Inter-day Profiles.
Here is chart of the weekly Profile:
BONUS! To request a free 1 week trial to the live trading room and receive instant access to all trading signals send email to (rvrueb@gmail.com)
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