currencies

13 Oct

The Mexican Peso Looks To Head Even Lower

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

Mexican Peso Futures--- The Mexican Peso is ending the week on a sour note down 50 points at 5216 after settling last Friday at 5331 as I have been recommending a bearish position from around the 5421 level & if you took the trade continue to place the stop loss above the 2 week high of 5446 as the chart structure is poor at the present time as prices are dropping rather precipitously.

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12 Oct

Great Trading Theory

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

This next 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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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

Mike Seery's Daily Commodity Report 10-11-17

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

S&P 500 Futures--- The S&P 500 in the December contract is currently trading lower by 3 points at 2546 after hitting another all-time high in yesterdays trade & if your long a futures contract place the stop loss which now has been raised to 2504 as that will continue to climb on a daily basis as the chart structure will improve tremendously as the volatility still remains relatively low.

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

Mike Seery's Daily Commodity Report 10-10-17

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

Cocoa Futures--- Cocoa futures in the December contract are up 33 points at 2041 this Tuesday afternoon in New York as I have been recommending a bullish position over the several weeks from the 2010 level and if you took the trade the stop loss has now been raised to 1968 as the chart structure is outstanding at the present time as prices continue in a seesaw trading pattern.

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

Mike Seery's Daily Commodity Report 10-9-17

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, oybeans, seeryfutures, soybean meal, soybean oil, unleaded gasoline futures, wheat

Corn Futures--- Corn futures in the December contract are unchanged this Columbus Day holiday at 3.50 a bushel as we've gone nowhere over the last 6 weeks with extremely low volatility as traders are awaiting Thursday's crop report with estimates around 14,171 billion bushels as harvest is in full swing in the Midwestern part of the United States as harvest is around 25% complete.

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.

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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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