commodities

29 Aug

North Korea Sends The Dollar To A 2 Year Low

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

Dollar Index Futures--- The dollar index in the September contract is trading lower for the 3rd consecutive session hitting a fresh 2 year low continuing its bearish momentum down another 50 points at 91.60 on major concerns about North Korea once again sending missiles over the country of Japan.

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28 Aug

Chart Structure Is Important To Understand !

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

What do I mean when I talk about chart structure and why do I think it’s so important when deciding to enter or exit a trade? I define chart structure as a slow grinding up or down trend with low volatility and no chart gaps.

24 Aug

When Should You Exit A Trade ?

in Blog, Bonds, 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.

23 Aug

When Should You Enter Into A Trade ?

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

When Should You Enter Into A Trade ? I have been asked this question many times throughout my career and my opinion is simply to buy on a 20-25 day high breakout in price on a closing basis only or sell on a 20-25 day low breakout to the downside also on a closing basis. Many times the price will break the 25 day high and sell off later in the day only to have your trade be negative very quickly.

21 Aug

5 Common Mistakes Of Commodity Trading

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

                5 Common Mistakes Of Commodity Trading

 

15 Aug

U.S Dollar Hits 2 Week High

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

U.S Dollar Index Futures--- The U.S dollar in the September contract is up 60 points at 93.90 as I was recommending a bearish position from around the 93.40 level getting stopped out around the 94.00 level losing about 60 points as tensions with North Korea have eased sending the dollar up for the 2nd consecutive session hitting a 2 week high.

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11 Aug

Never Answer A Margin Call !

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

TRADING THEORY---Never answer a margin call because you are probably overtrading and most likely the position is going against you and probably have lost much more than 2% on that trade.

Never allow this to happen to you because you always want to have sufficient margin in your trading account just in case the exchange raises margin and that will not force you out of the position.

09 Aug

Here Is My U.S Dollar Trade

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

U.S Dollar Index Futures--- The U.S dollar in the September contract is down 13 points currently trading at 93.38 as I am now recommending a short position from this level while placing the stop loss above the 10 day high at 93.95 risking around $600 plus commission and slippage as the chart structure is outstanding at the present time.

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09 Aug

Never Add To A Losing Trade

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

This rule is extremely important and I witness it being abused constantly creating tremendous loses that are sometimes difficult to come back from.

08 Aug

Do You Over Trade Your Account ?

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

I will start with the number 1 answer first because 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.

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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.

Past performance is not necessarily indicative of future results.

Trading results obtained by a client while trading a demo account may not be indicative of the results obtained
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