commodities

14 Nov

U.S Dollar Near A 3 Week Low

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

Dollar Index Futures---The U.S dollar in the December contract is trading lower by 36 points currently at 94.02 right near a 3 week low possibly creating a double top around the 95.05 level as I am not involved in this market, but I'm looking at a possible short position in the days ahead.

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11 Nov

Trading Theory---Never Answer A Margin Call !

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

TRADING RULE----This rule is very simple and it states that one must have a game plan and use it consistently even during periods of loses which will happen to you over the course of time.

Do not suddenly start to risk 5-10% because you have to catch up and get your loses back quickly, stick with the game plan and over the course of time this will help improve your percentages of success.

11 Nov

What Is A Pennant Flag Chart Pattern ?

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

What Is A Pennant Flag Chart Pattern ? A technical charting pattern that looks like a flag with a mast on either side. Flags result from price fluctuations within a narrow range and mark a consolidation before the previous move resumes.

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10 Nov

What Is A Rounding Bottom ? Look At The Gold Chart

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

A chart pattern used in technical analysis, which is identified by a series of price movements that, when graphed, form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.

This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence.

10 Nov

Has The Mexican Peso Bottomed ?

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

Mexican Peso Futures---The Mexican Peso futures in the December contract settled last Friday at 5185 while currently trading at 5211 up about 26 points for the trading week still experiencing extremely nonvolatile trading action as I have been recommending 2 positions over a couple months with an average price around 5330 & if you took the trade continue to place the stop loss at the 10 day high standing at 5238 which is just an eyelash away.

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09 Nov

TRADING THEORY—NEVER ADD TO A LOSING TRADE-

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

TRADING THEORY—NEVER ADD TO A LOSING TRADE---This rule is extremely important and I witness it being abused constantly creating tremendous loses that are sometimes difficult to come back from.

07 Nov

TRADING THEORY---Do You Over Trade ?

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

TRADING THEORY---Do You Over Trade ?---If you follow this rule you will have a chance of being successful over the course of time, if you don’t follow this rule you will be sure to lose your money quickly. This rule is simple DO NOT OVER TRADE EVER for this is an easy way to lose all your capital quickly.

07 Nov

Is The Mexican Peso Going Lower ?

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

Mexican Peso Futures---The Mexican Peso in the December contract is down only 7 points this Tuesday currently trading at 5205 as I have been recommending a bearish position over the last couple of months with an average price on 2 contracts around 5330 & if you took the trade continue to place the stop loss above the 10 day high on the closing basis at 5238 which is just about 30 points away as volatility remains low.

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06 Nov

Should You Understand Seasonality ? Look At Corn & Soybeans

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

What do traders mean when they talk about seasonality and its effects on commodity prices? The definition of seasonality states that a characteristic of a certain time when the data experiences regular and predictable changes which occur every calendar year and in a time series that reoccurs or repeats over one year can be said to be seasonal.

06 Nov

What Is An Island Top ?

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

What Is An Island Top ? An island reversal is a reversal pattern that forms with two gaps and price action in between the two gaps. These gaps tell us that the island reversal marks a sudden, and sharp, shift in direction.

Even though they are relatively uncommon, island reversals are potent patterns that warrant our attention.  The alignment of the gaps holds the key.

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Trading Futures and Options on Futures transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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