All posts by Dave Busick

4/29/2016 Morning Fibs and Calendar $TF_F $NQ_F $ES_F $YM_F

By | Morning Market News | No Comments

Keep in mind these are the first Fibonacci draws of the day & will change throughout the day. These first draws are intended to get you started with the correct starting point in the morning. Draws are updated all day in our live trading group


 

Good morning everybody 🙂

The beginning $TF_F  $NQ_F  $ES_F  $YM_F Fibonacci levels today are:

TF Target = 1139.3
TF Sup = 1137.5 & 1137.2
TF Res = X
Drawn from = 1136.3 up to 1138.7
Gap = 1139.8
Pivot = 1142.9


NQ Target = 4395
NQ Sup = 4366 & 4361.50
NQ Res = X
Drawn from = 4346.25 up to 4385.75
Gap = 4382
Pivot = 4390.5


ES Target = 2076
ES Sup = 2069.75 & 2068.75
ES Res = X
Drawn from = 2065.25 up to 2074


YM Target = 17787
YM Sup = 17753 & 17748
YM Res = X
Drawn from  = 17730 up to 17776


Overnight the Nikkei 225 ended HOLIDAY
The FTSE100 is currently -0.52%
Fair Value at 6:02 am = +2.79


The Economic Calendar for today is:

 


Always use a stop and have a great day!

Dave

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

4/28/2016 Morning Fibs and Calendar $TF_F $NQ_F $ES_F $YM_F

By | Morning Market News | No Comments

Keep in mind these are the first Fibonacci draws of the day & will change throughout the day. These first draws are intended to get you started with the correct starting point in the morning. Draws are updated all day in our live trading group


 

Good morning everybody 🙂

The beginning $TF_F  $NQ_F  $ES_F  $YM_F Fibonacci levels today are:

TF Target = 1138.8
TF Sup =
TF Res = 1143.8 & 1144.6
Drawn from = 1147.2 down to 1140.4
Gap = 1152.7
Pivot = 1149.8


NQ Target = 4392.25
NQ Sup = X
NQ Res = 4422 & 4426.75
Drawn from = 4442.25 down to 4401.75
Gap = 4423.75
Pivot = 4413


ES Target = 2069.25
ES Sup = x
ES Res = 2084 & 2086.5
Drawn from = 2094.25 down to 2074


YM Target = 17781
YM Sup = X
YM Res = 17903 & 17922
Drawn from  = 17985 down to 17820


Overnight the Nikkei 225 ended -3.61%
The FTSE100 is currently -1.02%
S&P Fair Value at 5:53 am -15.15


The Economic Calendar for today is:

 


Always use a stop and have a great day!

Dave

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

4/26/2016 Morning Fibs and Calendar $TF_F $NQ_F $ES_F $YM_F

By | Morning Market News | No Comments

Keep in mind these are the first Fibonacci draws of the day & will change throughout the day. These first draws are intended to get you started with the correct starting point in the morning. Draws are updated all day in our live trading group


 

Good morning everybody 🙂

The beginning $TF_F  $NQ_F  $ES_F  $YM_F Fibonacci levels today are:

TF Target = 1141.8
TF Sup = 1139.2 & 1138.8
TF Res = X
Drawn from = 1137.4 up to 1141
Gap = 1135.9
Pivot = 1137.4


NQ Target = 4473.25
NQ Sup = X
NQ Res = 4480.25 & 4481.50
Drawn from = 4485.25 down to 4475.5
Gap = 4472.25
Pivot = 4461.42


ES Target = 2083.75
ES Sup = x
ES Res = 2088 & 2088.75
Drawn from = 2091.25 down to 2085


YM Target = 17927
YM Sup = X
YM Res = 17953 & 17957
Drawn from  = 17970 down to 17935


Overnight the Nikkei 225 ended -0.49%
The FTSE100 is currently +0.38%
S&P Fair Value at 6:06 am +5.41


The Economic Calendar for today is:

 


Always use a stop and have a great day!

Dave

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

4/25/2016 Morning Fibs and Calendar $TF_F $NQ_F $ES_F $YM_F

By | Morning Market News | No Comments

Keep in mind these are the first Fibonacci draws of the day & will change throughout the day. These first draws are intended to get you started with the correct starting point in the morning. Draws are updated all day in our live trading group


 

Good morning everybody 🙂

The beginning $TF_F  $NQ_F  $ES_F  $YM_F Fibonacci levels today are:

TF Target = 1143.8
TF Sup = 1141.6 & 1141.2
TF Res = X
Drawn from = 1140.1 up to 1143.1
Gap = 11144.8
Pivot = 1141


NQ Target = 4467.25
NQ Sup = 4458.25 & 4457
NQ Res = X
Drawn from = 4452 up to 4464.5
Gap = 4465.75
Pivot = 44466.5


ES Target = 2086.25
ES Sup = 2082.75 & 2082.25
ES Res = X
Drawn from = 2080 up to 2085.25


YM Target = 17915
YM Sup = 17886 & 17881
YM Res = X
Drawn from  = 17866 up to 17906


Overnight the Nikkei 225 ended -0.76%
The FTSE100 is currently -0.43%
S&P Fair Value at 6:06 am -2.28


The Economic Calendar for today is:

New Home Sales
[Report][Star]
10:00 AM ET

Dallas Fed Mfg Survey
[Report][djStar]
10:30 AM ET

4-Week Bill Announcement
11:00 AM ET

3-Month Bill Auction
11:30 AM ET

6-Month Bill Auction
11:30 AM ET

2-Yr Note Auction
1:00 PM ET

 


Always use a stop and have a great day!

Dave

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

4/22/2016 Morning Fibs and Calendar $TF_F $NQ_F $ES_F $YM_F

By | Morning Market News | No Comments

Keep in mind these are the first Fibonacci draws of the day & will change throughout the day. These first draws are intended to get you started with the correct starting point in the morning. Draws are updated all day in our live trading group


 

Good morning everybody 🙂

The beginning $TF_F  $NQ_F  $ES_F  $YM_F Fibonacci levels today are:

TF Target = 1129.9
TF Sup = X
TF Res = 1132.7 & 1133.1
Drawn from = 1134.5 down to 1130.8
Gap = 1132.3
Pivot = 1134.1


NQ Target = 4481
NQ Sup = X
NQ Res = 4490.5 & 4492
Drawn from = 4497.25 down to 4484
Gap = 4497.75
Pivot = 4513.33


ES Target = 2079
ES Sup = X
ES Res = 2083 & 2083.5
Drawn from = 2085.75 down to 2080.25


YM Target = 17861
YM Sup = X
YM Res = 17893 & 17898
Drawn from  = 17914 down to 17871


Overnight the Nikkei 225 ended +1.20%
The FTSE100 is currently -0.84%
S&P Fair Value at 5:59 am -2.43


The Economic Calendar for today is:

 


Always use a stop and have a great day!

Dave

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

4/21/2016 Morning Fibs and Calendar $TF_F $NQ_F $ES_F $YM_F

By | Morning Market News | No Comments

Keep in mind these are the first Fibonacci draws of the day & will change throughout the day. These first draws are intended to get you started with the correct starting point in the morning. Draws are updated all day in our live trading group


 

Good morning everybody 🙂

The beginning $TF_F  $NQ_F  $ES_F  $YM_F Fibonacci levels today are:

TF Target = 1138.1
TF Sup = X
TF Res = 1139.5 & 1139.7
Drawn from = 1140.4 down to 1138.5
Gap = 1139.6
Pivot = 1138.


NQ Target = 4544
NQ Sup = 4535.5 & 4534
NQ Res = X
Drawn from = 4529.5 up to 4541.25
Gap = 4535.75
Pivot = 4533.25


ES Target = 2101.5
ES Sup = 2099 & 2098.75
ES Res = X
Drawn from = 2097.25 up to 2100.75


YM Target = 18071
YM Sup = 18047 & 18043
YM Res = X
Drawn from  = 18031 up to 18063


Overnight the Nikkei 225 ended +2.70%
The FTSE100 is currently -0.51%
S&P Fair Value at 6:05 am +2.70


The Economic Calendar for today is:

 


Always use a stop and have a great day!

Dave

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Correctly drawn Fibonacci levels yield perfect entry, exit, re-entry, exit & 2nd re-entry $NQ

By | NASDAQ Composite, Traders Education | No Comments

I tell every new student this, “If you give 10 people a chart and ask them to draw Fibonacci levels on it, you’ll get 11 different draws.”

If you draw fibs correctly, you get highly accurate entry and exit levels; case in point below.

  • Short entry level = 4539.25. High = 4539.25
  • Target  Hit at 4509. Low = 4509.
  • Re-entry long = 4509.
  • Short entry again = 4535 – 4539.

NASDAQ E-Mini Futures – 1-hour chart

NASDAQ E-Mini Futures

NASDAQ E-Mini Futures

Thanks for reading and always use a stop !

Dave

 

4/20/2016 Morning Fibs and Calendar $TF_F $NQ_F $ES_F $YM_F

By | Morning Market News | No Comments

Keep in mind these are the first Fibonacci draws of the day & will change throughout the day. These first draws are intended to get you started with the correct starting point in the morning. Draws are updated all day in our live trading group


 

Good morning everybody 🙂

The beginning $TF_F  $NQ_F  $ES_F  $YM_F Fibonacci levels today are:

TF Target = 1137
TF Sup = 1136.3 & 1136.2
TF Res = X
Drawn from = 1135.8 up to 1136.8
Gap = 1137.4
Pivot = 1138.4


NQ Target = 4509
NQ Sup = X
NQ Res = 44535 & 4539.25
Drawn from = 4553 down to 4517.25
Gap = 4526.75
Pivot = 4540.17


ES Target = 2084.50
ES Sup = X
ES Res = 2091 & 2092
Drawn from = 2095.5 down to 2086.5


YM Target = 17945
YM Sup = 17923 & 17919
YM Res = X
Drawn from  = 17907 up to 17938


Overnight the Nikkei 225 ended +0.19%
The FTSE100 is currently -0.49%
S&P Fair Value at 6:03 am -3.10


The Economic Calendar for today is:

 


Always use a stop and have a great day!

Dave

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

4/19/2016 Morning Fibs and Calendar $TF_F $NQ_F $ES_F $YM_F

By | Morning Market News | No Comments

Keep in mind these are the first Fibonacci draws of the day & will change throughout the day. These first draws are intended to get you started with the correct starting point in the morning. Draws are updated all day in our live trading group


 

Good morning everybody 🙂

The beginning $TF_F  $NQ_F  $ES_F  $YM_F Fibonacci levels today are:

TF Target = 1142.8
TF Sup = 1141.3 & 1141
TF Res = X
Drawn from = 1140.2 up to 1142.3
Gap = 1135.8
Pivot = 1130.2


NQ Target = 4586.25
NQ Sup = 4578 & 4576.75
NQ Res = X
Drawn from = 4572.25 up to 4583.75
Gap = 4546.5
Pivot = 4536.58


ES Target = 2098.50
ES Sup = 2096.25 & 2095.75
ES Res = X
Drawn from = 2094.5 up to 2097.75


YM Target = 18000
YM Sup = 17978 & 17974
YM Res = X
Drawn from  = 17963 up to 17993


Overnight the Nikkei 225 ended +3.68%
The FTSE100 is currently +0.64%
S&P Fair Value at 6:02 am +9.56


The Economic Calendar for today is:

Housing Starts
[Report][Star]
8:30 AM ET

Redbook
[Bullet
8:55 AM ET

4-Week Bill Auction
11:30 AM ET

 


Always use a stop and have a great day!

Dave

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

4/18/2016 Morning Fibs and Calendar $TF_F $NQ_F $ES_F $YM_F

By | Morning Market News | No Comments

Keep in mind these are the first Fibonacci draws of the day & will change throughout the day. These first draws are intended to get you started with the correct starting point in the morning. Draws are updated all day in our live trading group


 

Good morning everybody 🙂

The beginning $TF_F  $NQ_F  $ES_F  $YM_F Fibonacci levels today are:

TF Target = 1125.1
TF Sup = 1122.5 & 1122.1
TF Res = X
Drawn from = 1120.7 up to 1124.3
Gap = 1128.1
Pivot = 1125.7


NQ Target = 4538.7
NQ Sup = 4516.25 & 4512.75
NQ Res = X
Drawn from = 4501 up to 4531.5
Gap = 4538.5
Pivot = 4538


ES Target = 2059
ES Sup = X
ES Res = 2068.50 & 2070
Drawn from = 2075.25 down to 2062


YM Target = 17679
YM Sup = X
YM Res = 17760 & 17773
Drawn from  = 17815 down to 17705


Overnight the Nikkei 225 ended -3.40%
The FTSE100 is currently -0.21%
S&P Fair Value at 5:29 am -5.38


The Economic Calendar for today is:

 


Always use a stop and have a great day!

Dave

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.