Futures Trading Daily Levels


Futures Market & Commodity Trading Daily Levels August 6th 2010

August 5th, 2010 Filed under Commodity Trading, Futures Trading, Index Futures | Comment (0)

“The Futures Market is possibly over bought”

Monthly unemployment numbers tomorrow before the cash open will provide the futures market with some direction and may get us out of this ‘summer low volume’ type of trading.

Plan your trade, trade your plan. Stay focused and ONLY try to day-trade when you are focused. Remember to stay disciplined and know that no one trade or trading day will determine your trading fate. Even when day-trading (which is a short term action), the end results is of long term progress effort and the sum of many trades.

On a different note, below is a daily chart of the Mini Dow Jones. I got a red diamond ahead of tomorrows session. For me, that means that ‘the futures market is possibly over bought ‘. The way I like to play this set up is that if we break below 10550, we have a chance for a stronger move down. On the other hand, if we can keep above it, we may see 10720 soon.

YM - E-Mini Dow Futures - $5 Multiplier, Equalized Active Daily Continuation

YM – E-Mini Dow Futures – $5 Multiplier, Equalized Active Daily Continuation

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Mini Dow Jones Futures Contract and Resistance Levels August 4th 2010

August 3rd, 2010 Filed under Commodity Trading, Future Trading News, Futures Trading, Index Futures | Comment (0)

“The Current Uptrend is Strong”

Daily chart of Mini Dow Jones futures contract for your review below with possible Elliot Wave scenarios. The 82 reading suggest the current uptrend is strong. If the 3rd wave we are in will continue than next target will be 10723. If the market pulls back first to possible 4th wave, support is at 10490. Of course, when its all said and done what matters most is price action and not what we want or hope the market will do.

YM - E-Mini Dow Futures - $5 Multiplier, Equalized Active Daily Continuation

YM – E-Mini Dow Futures – $5 Multiplier, Equalized Active Daily Continuation

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Summer Futures Trading Resistance Levels August 3rd 2010

August 2nd, 2010 Filed under Commodity Trading, Future Trading News, Futures Trading, Index Futures | Comment (0)

“Today’s session was classic example of a Summer Trading Session”

Fairly boring trading day on the futures market. Low volume and overall not many set ups after initial move up. It is what it is. As a futures trader, know what market environment you are in and don’t try to force trades if you don’t have the set ups you are looking for. Some days, the market provides better opportunities than others, sometimes it provides many more risks. Patience is key. No trade is better than a bad trade.

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Online Trading and Futures Market Resistance Levels August 2nd 2010

July 30th, 2010 Filed under Commodity Trading, Day Trading, Future Trading News, Futures Trading, Index Futures | Comment (0)

“GOOD TRADING!”

Wishing all of you a great trading month during August 2010! Enjoy the weekend, clear your mind from trading emotions and recharge for the new week / month.

Futures & Commodity Trading Levels (Potential Support/Resistance):

Futures & Commodity Trading Levels (Potential Support/Resistance):

Futures & Commodity Trading Levels (Potential Support/Resistance):

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