currencies

14 Nov

My Consolidation Theory--Look At Cotton

in Blog, Bonds, 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.

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14 Nov

Mexican Peso Remains Bearish

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

Mexican Peso Futures---The Mexican Peso in the December contract is currently trading lower by 7 points at 5191 as this market's volatility has come to a crawl over the last 2 weeks with very small trading ranges on a daily basis.

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14 Nov

TRADING THEORY---Do You Trade With The Trend ?

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

TRADING THEORY---Trade with the short term trend, as the saying goes in futures trading the trend is your friend but sometimes you will be in a market that is trending higher and then has a false breakout to the upside and then suddenly sells off causing you a 2% loss on your equity and you say to yourself that was a bad trade and should I do something different on my next trade.

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

Mike Seery's Limit Up Commodity Report 11-10-17

in Blog, Bonds, commodity consulting, commodity consulting commodities, commodity trading, corn, currencies, dow jones futures, futures, futures trading, heating oil futures, Mike Seery, NASDAQ 100 futures, natural gas futures, oats, option trading Crude oil futures, option trading S&P 500, seeryfutures, soybean meal, soybean oil, soybeans, unleaded gasoline futures, wheat

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.

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.

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

 

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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.

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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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