Pivots, Fed Announcements and Comments

By trader7757, 27 August, 2009, No Comment

With some major announcements in the offing an hour prior to the opening, there should be some extreme volatility early on in the trading session as the traders sort the the meaning and long term ramifications of the GDP and employment numbers.

Pivot, R1,R2 and S1, S2: Fed announcements

By trader7757, 26 August, 2009, No Comment

ESU9
For 08/24/2009

How To Use

Symbol		R1	R2	Pivot	S1	S2
ESU9		1036.00	1046.75	1016.25	1005.50	985.75

MBA Purchase Applications
[Report]

7:00 AM ET

Durable Goods Orders
[Report]

8:30 AM ET

New Home Sales
[Report]

10:00 AM ET

EIA Petroleum Status Report
[djStar]

10:30 AM ET

Dennis Lockhart Speaks
11:30 AM ET
5-Yr Note Auction
1:00 PM ET

Lots of Fed info streaming out of the government today, with durable goods orders already announced as increasing 4.9%. Should make for an interesting and profitable day of trading.

Pivot R1R2 and S1S2: Fed Announcments

By trader7757, 25 August, 2009, No Comment

The news starts to ratchet up a bit today and it will merit a trader to take notice of the consumer confidence and Case-Shiller announcements. Personally, I put more confidence in the Case-Shiller modeling system than some of the government announcements on the housing situation.

So You Want to Be a Great Trader? Try Reading!

By trader7757, 24 August, 2009, No Comment

You might notice that many of the titles I recommend are not necessarily trading methodologies I endorse or even think are terribly valid. But you cannot read too much, you cannot learn to much, and many traders don’t appear to have a solid fundamental background on this art we call futures trading