commodities

12 Oct

How Low Is The Mexican Peso Going ?

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

Mexican Peso Futures--- The Mexican Peso in the December contract has now traded lower 6 out of the last 7 trading sessions down only 12 points this Thursday afternoon at 5274 as I recommended a bearish position from around the 5421 area if you took the trade continue to place the stop loss above the 10 day high which now stands at 5446 as the chart structure will start to improve in next week's trade even more lowering the monetary risk.

11 Oct

How Can You Use Moving Averages To Your Advantage?

in Blog, Bonds, 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. Short-term averages respond quickly to changes in the price of the underlying commodity, while long-term averages are slower to react.

10 Oct

Mexican Peso Lower 5th Day In A Row

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

Mexican Peso Futures--- The Mexican Peso in the December contract is trading lower for the 5th consecutive trading session breaking major support at the 5300 level currently lower by 30 points at 5263 as I have been recommending a bearish position from the 5421 level so continue to stay short as this momentum is getting stronger to the downside on a daily basis despite the fact that the U.S dollar is also lower in today's trade.

10 Oct

TRADING THEORY ON RISK

in Blog, Bonds, 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.

09 Oct

What Is The RSI Oscillator ?

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

TRADING THEORY ----What Is The RSI Oscillator ? ---The RSI oscillator ranges from 0 to 100 and when a commodity is deemed to be at overbought levels when the RSI approaches the 70 level and beyond meaning if the oscillator has an overbought condition of 92 that is higher and even more of an overbought condition then the 70 level and could mean that its getting overvalued and is a good candidate for a short term pullback.

09 Oct

Mexican Peso Breaks Major Support

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

Mexican Peso Futures--- The Mexican Peso in the December contract is trading lower for the 4th consecutive session breaking major support at the 5300 level currently trading at 5297 as I have been recommending a bearish position from around the 5421 level and if you took the trade continue to place the stop loss above the 10 day high standing at at 5520 as the chart structure will start to improve on a daily basis.

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06 Oct

Stay Short The Mexican Peso

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

Mexican Peso Futures--- The Mexican Peso is trading lower for the 3rd consecutive session currently at 5330 after settling last Friday at 5425 as I have been recommending a bearish position from that level & if you took the trade continue to place the stop loss above the 10 day high which now stands at 5520 as the chart structure will continue to improve in next week's trade.

Full text available to Mike's Coffee Shop Members only.

 

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06 Oct

What Is A Triple Bottom Chart Pattern ?

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

What Is A Triple Bottom Chart Pattern ? A pattern used in technical analysis to predict the reversal of a prolonged downtrend. The pattern is identified when the price of commoditiy creates 3 sell offs at nearly the same price level.

05 Oct

Mexican Peso Sharply Lower

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

Mexican Peso Futures--- The Mexican Peso in the December contract finished down 70 points to close around 5345 as I have been recommending a short position from around the 5422 level & if you took the trade place the stop loss at the 10 day high at 5561 & in Monday's trade that will be lowered down to 5520 as the chart structure will start to improve on a daily basis therefore lowering the monetary risk.

Full text available to Mike's Coffee Shop Members only.

 

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04 Oct

I Remain Bearish The Mexican Peso

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

Mexican Peso Futures--- The Mexican Peso in the December contract is currently trading lower by 6 points in a very quiet trading session as I recommended a bearish position from around 5422 as we are currently trading at 5416 & if you took the trade place the stop loss above the 10 day high which now stands at 5567 as the chart structure will start to improve on a daily basis therefore lowering the monetary risk which currently stands around $80

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