November 23rd, 2021 Filed under Future Trading News, Index Futures | Comment (0)
Dear Futures Trader,
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An exercise in Fibonacci extensions….
As the NQ
started moving lower today ( I actually prefer the MNQ as it causes less stomach ache when moves against me….), I was looking for a target profit on a short position a client of mine had.
I draw FIB extension for yesterday sell off move and applied it to the high on the bounce made early this morning….Today it turned out out to be an excellent tool (click for LARGER IMAGE)
….gave me targets, possible trailing stops, possible re-entry and more ( always easier looking back after the fact)….Of course there are many times where this will NOT work but you may want to take a look at Fibonacci extensions as another tool in your arsenal and just Fibonacci retracement….
Short Trading week ahead with Thanksgiving Holiday this week.
See trading schedule below
, be aware of the different reports, what is the market focusing on and the different closing times for the different markets between tomorrow and Friday/Sunday evening.
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July 24th, 2017 Filed under Future Trading News | Comment (0)
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Earning season is in full affect. Most earnings report after close usually.
In between NASDAQ made a new high, again….and stock index futures are some what back to lower volatility, summer type of trading.
On the other hand Crude Oil, gold, grains and few other markets are experiencing good ranges and above average volatility.
My opinion is that if you are a day trader primarily, you need to follow minimum of 2 markets, I like following 3 markets.
Certain days, different markets will offer different opportunities as well as risks. Some days one of the markets might be “dead” while others are moving and according to your preferred style and market environment you like, you can focus on those markets.
Read the rest of this entry »
June 12th, 2017 Filed under Future Trading News | Comment (0)
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Front month for stock indices and financials is now September. Make sure you switched from trading June into trading the September ( U ) contract. Please contact your broker with any questions.
Mini Nasdaq has taken one of its strongest corrections in months these past two days…..
Daily chart with possible levels to watch for your review below: Read the rest of this entry »