Using tick-Volume charts and Oscillators for day trading

May 31, 2013 Newsletter

Using tick/Volume charts and Oscillators for day trading

May 31, 2013 - Issue #688

In This Issue

1. Trader's Corner
2. Using tick/Volume charts and Oscillators for day trading
3. Economic Calendar

1. Trader's Corner:

Please keep in mind that front month for Gold is now AUGUST. June is going into delivery notice.

Please keep in mind that front month for 30 year bonds, ten year notes and other interest rate products is now September. June is going into delivery.

Stock Index Futures don't roll over until mid June and we will send a separate notice for this market sector, so June is still front month for mini SP, mini Dow, Mini Nasdaq, Mini Rusell etc.

2. Using tick/Volume charts and Oscillators for day trading

Using tick charts and oscillators for day-trading (by Ilan Levy-Mayer VP of Cannon Trading and CTA at )

I really don't think anyone has found a "perfect way" to day-trade.

Different techniques work well in different market environment.

In this week short educational feature, I will touch about one technique one can add to their trading arsenal. This technique works better on choppy, two sided ways. It DOES NOT work well when the market has a strong trend.

The chart below illustrates a few principals I like:

  1. It uses a tick chart rather than a time chart. I like tick charts better when day-trading shorter time frames for the simple reason it already includes a big factor in the market, VOLUME. If you are using 5 minutes chart for example, you may get signals simply because time "has passed" and certain indicators you are using adopt certain values. When using tick charts, at times where there is lots of movement in the market, you won't have to wait until your time frame bar closes to get your signal, volume becomes a bigger more important part of your trading decision.

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3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
9:00 AM CDT - ISM Index(May) 
9:00 AM CDT - Construction Spending(Apr) 
1:00 PM CDT - Auto & Truck Sales(May) 
7:30 AM CDT - Trade Balance(Apr) 
FN: Jun Heating Oil(NYM) 
Jun RBOB Gasoline(NYM) 
6:00 AM CDT - MBA Mortgage Index 
7:15 AM CDT - ADP Employment Change(May) 
7:30 AM CDT - Productivity-Rev(Q1) 
7:30 AM CDT - Unit Labor Costs(Q1) 
9:00 AM CDT - Factory Orders(Apr) 
9:00 AM CDT - ISM Services(May) 
9:30 AM CDT - API & DOE Energy Stats 
1:00 PM CDT - Fed's Beige Book(Jun) 
3:00 PM CDT - Dairy Products Sales

LT: May Cocoa(ICE) 
May Lumber(CME) 
Jun Platinum Options(NYM) 
Jun Palladium Options(NYM) 
Jun Sugar-11 Options(NYM) 
6:30 AM CDT - Challenger Job Cuts(May) 
7:30 AM CDT - USDA Weekly Export Sales 
7:30 AM CDT - Initial Claims-Weekly 
9:30 AM CDT - EIA Gas Storage 
3:30 PM CDT - Money Supply
7:30 AM CDT - Nonfarm Payrolls(May) 
7:30 AM CDT - Unemployment Rate(May) 
7:30 AM CDT - Hourly Earnings & Ave Workweek(May) 
2:00 PM CDT - Consumer Credit(Apr)

FN: Jun Live Cattle(CME) 
LT: Jul Sugar-16(ICE) 

* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.

** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.


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