Posts tagged ‘daytrading’

pivot and Fed announcements

By , 12 August, 2009, No Comment
ESU9
For 08/12/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESU9 1005.83 1018.67 997.92 985.08 977.17
Treasury Budget
[Report][djStar]2:00 PM ET
The FOMC is going to make some statements regarding interests rates and whether or not they are going to continue some of the programs that have kept the economy on life support.  I would think it would be important to know about when those announcements will be made, as the market usually goes into unpredictable gyrations on news from the Fed.
The general consensus is that the Fed will pretty much stay the course, but many are looking at the Fed’s programs of buying treasuries…etc.  So it ought to be an interesting day.  For once, I will need to trade more than just the chart in front of me, as these external announcements send the market careening willy-nilly.  Usually on fairly irrelevant news.

ES Emini Trading Chart for Friday

By , 9 August, 2009, No Comment

As you can see the trading today was not of the spectacular variety, as has been the case for the last couple of days. The first entry I highlighted was a very difficult one to see as the CCI line drifted around the -100 for quite a while and I was never completely convinced the move was upward, though the price was significantly above the 89 period SMA.

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Should you trade the ES or the YM?

By , 9 August, 2009, No Comment

Just the same, the ES is certainly the grandaddy of the emini contracts. As I have mentioned in other articles, the futures markets are a zero-sum game, which is to say that for every winner there is a corresponding loser. This contrasts to the NYSE where unmatched trades are covered by market makers who make sure there is a trading market in their respective stock regardless of the short or long volume.

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Seven Free Videos that will Improve Anyone’s Trading

By , 7 August, 2009, No Comment

See if these videos don’t make a difference in the way you think about trading.

Click on the link below.

7 great trading videos

E-Mini Trading: Chasing the Dragon

By , 5 August, 2009, No Comment

Trading e-mini futures is a zero-sum game, which is to say for every winner there is a loser. It is also important to bring your “A” game to the trading platform, some of the best traders in the world trade the ES emini contract.

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Todays Pivot R1 R2 S1 S2

By , 5 August, 2009, No Comment
ESU9
For 08/05/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESU9 1009.17 1013.58 1000.58 996.17 987.58

Todays Announcements

Factory Orders
[Report][Bullet10:00 AM ET
ISM Non-Mfg Index
[Report][Bullet10:00 AM ET

Todays Pivot Support Resistance

By , 4 August, 2009, No Comment
ESU9
For 08/04/2009
Symbol R1 R2 Pivot S1 S2
ESU9 1007.33 1013.92 994.67 988.08 975.42

Todays Economic Announcements

Redbook
[Report][Bullet8:55 AM ET

ES Emini Trading Divergence

By , 2 August, 2009, 1 Comment

I thought I would talk a bit about trade entry today and how divergent indications on some of the oscillators I use indicates the need for caution. Emini trading is a process of choosing the highest percentage trades, and conversely, avoiding the lowest percentage trades. The ultimate goal of any trading system is to maximize the binary result of any trade, and I think that is an important point to remember. Trading is really just a matter of entering when your chances are best for a strong trade.

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