Tag: Futures Trading Levels

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday March 21, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

The markets’ reaction to today’s FOMC meeting was one of the most uneventful I have seen in a while.

Not much to share with you today, except a small point to ponder: What is one of the key differences between good day traders and bad day traders?

It is not the ability to win. Most of us know very well how to win and when your trading goes well, you’re in a rhythm and things flow nicely.  Rather, it is the ability to accept a loss.  It is the ability to understand that losses are part of trading.  Along the same lines, you need to be aware that no one trade or one trading day makes you or breaks you.  It’s much easier said then done but try to embed, accept and practice.

Also please like us on Facebook!!

Continue reading “Trading Levels and Economic Reports for March 21, 2013”

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday March 20, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

The FOMC interest rate decision is due at 14:00 ET in the US tomorrow (Wednesday, March 20th).

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

The following are suggestions on trading during FOMC days:

• Reduce trading size
• Be extra picky = no trade is better than a bad trade
• Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 1525.00 with a stop at 1519.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 1519.75 and place a stop a few points below in this hypothetical example.
• Expect the higher volatility during and right after the announcement
• Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
• Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
• Know what the market was expecting, learn what came out and observe market reaction for clues
• This is another great example why a trading journal would be an asset, as you can go back and check your notes from previous FOMC days.
• Be patient and be disciplined

Also please like us on Facebook!!

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday March 19, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Situation in Cypress injected some volatility into stock index futures as well as other futures such as bonds, gold and more.

I got a sell signal Friday after the close on the mini Russell. That signal achieved first target very quickly at 936 but bounced back almost to entry level.

I will use a 953 buy stop and allow this one a chance at second target of 927.

Chart for your review below:

Also please like us on Facebook!!

Continue reading “Trading Levels and Economic Reports for March 19, 2013”

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday March 15, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Quadrople witching tomorrow. Stock index futures, options on futures, equity options and single stock futures all expire.

I will be out of the office tomorrow, hence levels for Monday wont be published. 

Also please like us on Facebook!!

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday March 14, 2013

Hello Traders,

While stock index futures are still experiencing very low volatility while still trading at 5 years high….Some other markets are providing day-traders with both the risks and opportunities of higher volatility.

So if you are a day-trader and feeling that markets like the mini SP, mini Russell etc. are not providing you with enough intraday range, you may want to start observing other markets like 30 year Treasury Bonds, Crude Oil, Gold, Euro currency to name a few.

Make sure you follow these markets first and practice in simulated mode if you have not traded these markets before. Different markets have different tick size, may have better volume at different times and are sensitive to different reports.

If you need feedback on any market, I will be happy to share if I have the experience.

Also please like us on Facebook!!

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday March 13, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

Also please like us on Facebook!!

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday March 12, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

Also please like us on Facebook!!

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday March 8, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

Below is a screen shot of the April Brent Crude Oil chart from today, using my intraday chart template. In the chart you will see some good signals and signals that did not turn as well…

Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above

and be able to apply for any market and any time frame on your own PC ?   You can now have a two weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.

To start your trial, please visit:

If so, please send me an email with the following information:

1. Are you currently trading futures?

2. Charting software you use?

3. If you use sierra or ATcharts, please let me know the user name so I can enable you

4. Markets you currently trading?

Also please like us on Facebook!!

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday March 6, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

Not much to share today as far as trading pointers or market outlook…SP500 broke the 1530 level and the next few days/ unemployment reports will provide the fuel to either take this market towards the 1550 level or send it back to test the 1512 area.

Rollover day for stock index futures is this Thursday.

Also please like us on Facebook!!