Archive
Monthly Archives: July 2010
July 21, 2010
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Pound Futures Contract Specifications; tick value, margin requirements, round term commissions
Symbol: 6B (CME) Tick Value: .0001 Cost/Tick: $6.25 usd Margin: $500 usd/contract Benefits: Moves with the Dollar, Low cost per tick Drawbacks: low cost per tick, periods of low volume Best Time to Trade: 3:00am – 2:00pm EST Favorite Pattern: Failures, Strength, Traps & Pullbacks Click here for Pound Futures Contract Specifications on the Exchange […]
Continue reading July 21, 2010
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Euro Futures Contract Specifications; tick value, margin requirements, round term commissions
Symbol: 6E (CME) Tick Value: .0001 Cost/Tick: $12.50 usd Margin: $500 usd/contract Benefits: Moves with the Dollar, Lots of Liquidity, Wave patterns Drawbacks: too much volume causes sideways chop Best Time to Trade: 3:00am – 2:00pm EST Favorite Pattern: Failures, Strength, Traps & Pullbacks The euro is the largest currency futures market in the world, and […]
Continue reading July 21, 2010
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Gold Futures Contract Specifications; tick value, margin requirements, round term commissions
Symbol: GC (CME) Tick Value: .10 Cost/Tick: $10.00 usd Margin: $1,000 usd/contract Benefits: Moves with the Dollar, Large moves and Consistent Patterns Drawbacks: identify sideways markets and capitalize on them! Best Time to Trade: 3:00am – 2:00pm EST Favorite Pattern: Failures, Strength, Traps & Pullbacks Gold is also one of my favorite futures markets for […]
Continue reading July 21, 2010
Crude Oil Futures Contract Specifications; tick value, margin requirements, round term commissions
Symbol: CL (CME) Tick Value: .01 Cost/Tick: $10.00 usd Margin: $1,500 usd/contract Benefits: Large moves and Consistent Opportunities with little attention to news Drawbacks: Beware times of low volume, gets ‘whippy’ Best Time to Trade: 3:00am – 2:00pm EST Favorite Pattern: Failures, Pullbacks, Traps and Strength Favorite Timeframes: 800-tick, 1000-volume, 5-minute Crude Oil is one […]
Continue reading July 20, 2010
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Sideways Markets Day Trading on Euro Futures for +196 ticks biggest day of 2010
Is it REALLY July right now? Aren’t we supposed to be having a hard time with trading in the summer? Are you sure this isn’t a dream? Someone pinch me! We had the BIGGEST winning day of the YEAR today in the trade room, and what made today so amazing was that we didn’t […]
Continue reading July 20, 2010
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Live Crude Oil Day Trading; Chasing Trades, Trailing Stops, Reversals at High of Day
As you know, we always answer lots of questions in our live trade room, and today’s video captures some of these questions… When do we chase after our entries? How do we manage our trades? What makes the market reverse? When will the HOD/LOD hold? These are some of the questions we covered…but wait…there’s a […]
Continue reading July 20, 2010
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The Euro Reversal setting up, waiting on Dollar to break support…
Euro Futures: 07:22am PST / 10:22am EST Looking for the reversal off the low of day, and getting above the trigger line on the 21-range chart. We have the dollar resting on support, so watch the dollar around 82.995 area, when that gets broken expect the Euro to launch! Entry long above 2895, looking for […]
Continue reading July 20, 2010
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Gold futures reversal trade setting up while crude oil consolidates sideways markets
Hi guys, hope you all had a great trading day today! our favorite futures markets are moving tonight, so let’s take a look at some of the patterns we see. gold futures is setting up at its lows, and we will look for a reversal trade pattern. i can see an entry level above 1185.0, […]
Continue reading July 20, 2010
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Candlestick Patterns and techniques day traders use to profit with them
We love your feedback, please leave it here Candlestick Patterns All through time, people have basically acted the same way in the market as a result of greed, fear, ignorance, and hope. This is why the numerical formations and patterns recur on a constant basis. The price pattern reminds you that every movement of importance […]
Continue reading July 19, 2010
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Breakout Trading on Crude Oil Wedge Pattern & Reversal Trade 21-Range Chart
We earned over 95 ticks before 10:00am EST, and then we took a loss on the reversal off the high of day on crude oil. We gave almost ALL of the profit back, but as always, we made the money again on the very next trade! You’ve gotta see this one to believe it! Click […]
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