commodities

29 Mar

How Can You Use Moving Averages To Your Advantage?

in Blog, commodities, currencies, futures trading, Mike Seery

How Can You Use Moving Averages To Your Advantage? A simple moving average is calculated by adding the closing price of a commodity such as crude oil for a number of time periods and then dividing this total by the number of time periods.

24 Mar

WHEN DO YOU EXIT A TRADE ?

in Blog, commodities, currencies, futures trading, Mike Seery

WHEN DO YOU EXIT A TRADE ?-- The biggest question that I have been asked is when do I exit a winning trade and when do I exit a losing trade? In my opinion the rule of thumb that I use is placing my stop loss at the 10 day high if I’m short or a 10 day low if I’m long as the theory is that I do not want something to go against me for more than 2 weeks.

20 Mar

What Does Risk Management Mean To You?

in Blog, commodities, currencies, futures trading, Mike Seery

What Does Risk Management Mean To You? I generally tell people that the reason people lose money in commodities is not due to the fact that they are bad at predicting where prices are headed, however they are bad when it comes to losing trades and refusing to take a loss which results for heavy monetary losses that are difficult to come back from.

16 Mar

I Am Short The 10 Year Note

in Blog, commodities, currencies, futures trading, Mike Seery

10 Year Note Futures--- The 10 year note in the June contract are lower by 7 ticks at 123/16 as I wrote about this commodity in previous blogs as I did sell a futures contract right at this price level while placing the stop loss on the closing basis only above the 10 day high which stands at 123/28 as the chart structure is outstanding at the present time as the risk is around $400 per contract plus slippage and commission.

15 Mar

Looking To Sell The 10 Year Notes

in Blog, commodities, currencies, futures trading, Mike Seery

10 Year Note Futures---The 10 year notes in the June contract is basically unchanged this Wednesday afternoon at 122/29 as we are awaiting the highly anticipated Federal Reserve announcement which comes out at 1 o'clock CT talking about raising interest rates which is expected, but what will be interesting to see is what they say could happen in the future as volatility certainly is going to be high in the next couple of hours.

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10 Mar

Look To Sell The 10 Year Note

in Blog, commodities, currencies, futures trading, Mike Seery

10 Year Note--- The 10 year notes in the June contract settled last Friday Chicago at 123.18 while currently trading at 123.01 continuing its bearish momentum hitting 11 week lows as I'm looking at entering into a short position on any type of price rally come Monday as the 10 day stop stands at 125.4 which is risking around $2,200 per contract plus slippage & commission which is too much at this time but be patient as that could change come Monday.

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17 Feb

Talk To Mike Seery About Commodity Trading

in Blog, commodities, currencies, futures trading, Mike Seery

Start trading smarter with advice provided by limited access to Mike Seery when you make your next trade on the market today!

15 Feb

My Consolidation Theory

in Blog, commodities, currencies, futures trading, Mike Seery

There are different theories about how long does a meaningful consolidation has to last before you enter a trade ? In my opinion I always want to see a consolidation that lasts at least 8 or more weeks before I would consider entering.

14 Feb

Is The U.S Dollar Going Higher ?

in Blog, commodities, currencies, futures trading, Mike Seery

U.S Dollar Futures--- The U.S dollar in the March contract is down 8 points at 100.88 as I have been recommending a bearish position over the last several weeks from around the 99.85 level & if you took the trade place your stop loss at 101.01 on a hard stop not on a close as Janet Yellen is speaking today and I don't want things to get out of hand.

 

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13 Feb

Euro Currency Hits A 2 Week Low

in Blog, commodities, currencies, futures trading, Mike Seery

Euro Currency --- The Euro currency in the March contract is lower by 25 points currently at 106.16 as I was recommending a bullish mini position from around the 107 level placing the stop loss at 106.37 however prices look very weak as I exited the trade taking the relatively small loss.

 

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