All Blog Entries

(Week of 02-22-10)

Here are the trading setups for Day Trading Futures this week. These trades were discussed in more detail in our Live Day Trading Rooms where we cover our Home Study Course strategies to day trade the futures markets like the E-mini S&P, E-mini Dow, Euro FX, 30 Year Bonds and grains futures markets.

...

Real-time Monetary Inflation: 1.7%

Marie Antoinette's insensitivity to peasants' lack of bread, among other things, was paid for with a trip to the guillotine. "Let them eat cake" was an impolitic thing to say during the Reign of Terror. Not so now.

Illinois farmers, in fact, want you to eat cake. It's easy to see why. Soft red winter wheat is the basis grade for futures traded on the Chicago Board of Trade. Aptly nicknamed "Chicago wheat" is a high-yielding, relatively low-protein grain used to make flour for flat breads, cakes, pastries, and crackers.

Now's the time of year when soft winter wheat prices typically firm up. In fact, some bottoming action took place in February. ...

The British Pound has been week for well over a month now and really there are no signs yet as to why it might firm up. As the marked gapped the GBP/USD this weekend, Asia continued to short the Cable on it’s pullback to around 1.5200. We were approaching the 1.5180 area which was an hourly 21 ema, 4 hour 5 ema, 50% Fibonacci retracement, falling 15m trend line as the 4:30am est news was being released. I discussed with the room how if the news took us to this area that a short plan is viable, and to not be surprised if we saw a drop from those levels with a relatively low risk. This is indeed how the move played out, but if you did not take the initial entry off of the hourly 21 using short term price action with a 1-3 minute chart, I am ...

Glad to be back in the office!

Biggest % gainers: EUR/GBP up 1.30%, AUD/CHF up 0.89%, USD/CHF on CHF weakness and GBP weakness.

Biggest % losers: GBP/USD down 1.92%, GBP/JPY down 1.59%, GBP/CHF down 1.15% on GBP weakness.

Gold $1,117
Oil $80.23

GBP Manufacturing PMI better at 56.6 vs. 56.3 expected.

EUR Unemployment notches down to 9.9% (better than expected).

CAD GDP better at 0.6% vs. 0.4% expected.

USD ISM Manufacturing comes out at 10am EST today. 57.7 expected.

Aussie rate decision tonight at 10:30pm EST. Hike of 0.25% to 4% expected.

Warren Buffett says if forced to switch away from USD, the ...