Archive for the ‘futures trading’ Category
Saturday, December 29th, 2007
There is an art to pulling the trigger that futures traders must learn if they are to achieve success. Setting up and learning your system, studying and knowing the market, reviewing your charts and watching your indicators — all these important elements of futures trading come together in that critical ...
Posted in Bill McCready, Pulling the Trigger, critical, entries, entry, exhaustion, futures market, futures trader, futures trading, futures trading advice, futures trading secrets, late, pulling, studying, wiggle | No Comments »
Saturday, December 29th, 2007
There are a number of qualities that define a successful futures trader — the keys to success.
Discipline. Discipline is the primary key to successful futures trading. You must have the discipline to learn your system, study it daily and tweak it to perfection. You must have the discipline to keep ...
Posted in Bill McCready, Pulling the Trigger, Trading Mindset, Trading Training, capitalizing, conditions, discipline, doomed, flexibility, futures market, futures trader, futures trading, futures trading advice, futures trading secrets, influences, keys, stories, trader mindset | No Comments »
Saturday, December 8th, 2007
Popularized by legendary futures trader George Lane, the stochastic oscillator (commonly called stochastics) is a timing indicator widely used by futures traders to indicate overbought or oversold positions. Stochastics compares closing price to price range over a specified time period. The driving principle can be summarized as follows: (more…)
Posted in Trader Tactics, Trading Signals, Trading Tools, crosses, depicted, futures traders, futures trading, futures trading course, futures trading secrets, lines, oscillator, overbought, oversold, stochastic, stochastic oscillator, stochastics, trading charts | No Comments »
Saturday, December 8th, 2007
Futures traders come in all flavors but it’s basically a Neapolitan world. You can be a scalper, swing trader or a combination trader. Mindset and methodology generally determine in which sector of the futures trading world you’ll thrive.
Scalpers. Scalpers seek immediate gratification. They look for short-term market movements seeking to ...
Posted in Pulling the Trigger, Trader Tactics, Trading Mindset, Trading Systems, averages, combination, combination trader, environment, futures traders, futures trading, futures trading course, futures trading secrets, gains, scalper, scalpers, swing, swing trader, thrive | No Comments »
Monday, December 3rd, 2007
Futures contracts are complex financial instruments and trading them demands constant daily, even hourly, monitoring. When you trade futures, there are myriad shifting variables that must be monitored continuously. Trading futures is about minimizing risk and maximizing profits. Profits are often made on small price points in an interval of ...
Posted in Pulling the Trigger, Trader Tactics, Trading Mindset, asset, commodities, commodity traders, crude, equals, futures traders, futures trading, futures trading course, futures trading secrets, pork, quantity, sweet, underlying, variables | No Comments »
Thursday, November 29th, 2007
We’ve spend some time lately talking about commodities. Anyone who trades futures on the commodity markets ought to know a considerable amount about what they’re trading. But commodities are not futures.
Commodities are a class of assets that includes energy, metals, agricultural products, natural gas and oil, and other natural resources. ...
Posted in Trading Training, asset, commodities, commodity markets, commodity traders, contracts, derive, futures traders, futures trading, futures trading course, futures trading secrets, instrument, invest, mutually, physical, underlying | No Comments »
Saturday, November 10th, 2007
We’ve been talking about charting basics lately and the signals charts give the futures trader. But signals are worthless if you fail to act. To be a successful futures trader you must not only know when, but have the courage to act. In futures trading, we call this pulling the ...
Posted in Bill McCready, Pulling the Trigger, Trading Mindset, exist, fail, futures market, futures trader, futures trading, futures trading advice, futures trading secrets, lifetime, paper, pouring, sims, trigger, worthless | No Comments »
Wednesday, November 7th, 2007
In recent posts, we’ve been reviewing essential charting basics for futures traders. Futures traders must have the ability to make decisions quickly. Effective charts provide the futures trader with the information — the trading signals — he needs to make those decisions. It is important for futures traders to be ...
Posted in Pulling the Trigger, Trading Signals, Trading Tools, amateur, appears, bars, downside, futures traders, futures trading, futures trading course, futures trading secrets, futures trading signals, futures trading tactics, gaps, professional, signs, trading charts, trading tools gaps, upside | No Comments »
Monday, November 5th, 2007
Continuing our blog series on charting basics, today we talk about tails. It is essential for futures traders to be able to read and understand various charting forms and patterns at a glance. The ability to instantly decipher charting information is one of the hallmarks of a successful futures trader. ...
Posted in Bill McCready, Pulling the Trigger, Trading Signals, Trading Tools, basics, bottoming, futures market, futures trader, futures trading, futures trading secrets, length, shows, smidgen, tail, tails, topping | No Comments »
Friday, November 2nd, 2007
We’ve started a blog series on charting basics. Quickly understanding various charting forms and patterns is one of the most valuable skills for futures traders to develop. When you’re trading, you need to be able to decipher as much information from your charts as quickly as possible before you make ...
Posted in Bill McCready, Pulling the Trigger, Trading Signals, Trading Tools, basics, bear, bull, close, futures market, futures trader, futures trading, futures trading secrets, opening, reversal, reversal bars, tail, turn | No Comments »