Here’s the British Pound Futures SWING Chart. Currently Leg 1 of Bull Break is in Progress
December 23, 2007 – 9:52 pmMy British Pound Futures SWING Chart above... PRICE made a PRIME Lower Low and as such, has created Leg 1 of Bull Break. Looking at my TREND Chart, there is yet to be any sign, that the bottom is in, for this down move. Once a confirmation of the down move is shown, PRICE will then have to head back up, to challenge Last PRIME Resistance, at 2.1138, to fail, and to get us a PRIME Lower High, for
DOW Futures (YM) Still Needs to Clear 13797 for the Change in TREND
December 23, 2007 – 5:17 pmMy Dow Futures (YM) SWING Chart above...
Latest Update on the BRITISH POUND
December 20, 2007 – 4:19 amLeg 1 of Bull Break has occurred on the BRITISH POUND SWING Chart.
BRITISH POUND Futures in danger of Leg 1 of Bull Break happening, on the SWING Chart
December 19, 2007 – 9:55 pmMy BRITISH POUND Futures SWING Chart above...
Leg 3 in Progress, on the TREND Chart?
December 19, 2007 – 5:16 pmMy ES TREND Chart above... PRICE is definitely doing Leg 3 of Bear Break...whether it fails or not (meaning a PRIME Lower High), we will know tonite.
How Futures Traders Use Stochastics
December 8, 2007 – 3:59 pmPopularized 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…)
Futures Trading Methods: Are You A Scalper Or Swing Trader?
December 8, 2007 – 12:49 pmFutures 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 shave money off the bid/ask price spread. Holding each position for only a very short period of time (often only minutes) to minimize risk, scalpers make small gains through rapid trading. (more…)
Futures Traders Must Juggle Multiple Variables
December 3, 2007 – 5:48 pmFutures 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 minutes. To make money, you have to be there, in the game, ready to grab an opportunity when it appears. (more…)