Market Turning Points

This market seems very top heavy right now with a nice divergence at the top.  We have discussed divergences before and they do not always show direct reversals of the market.  However, there is a better than and 80% probability that you will get a reversal, so it is always wise to play the odds.

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Futures Traders Need To Watch Rollover Dates

Futures contracts are written for a specific, finite time period which means they must be rolled over on a regular basis to remain viable. Some contracts, such as crude oil, expire and need to be rolled monthly. Others, such as cotton or gold, expire and can be rolled only on certain specific months of the year. Expiration dates are specified in the contract and will vary with the asset being traded. Before you buy a contract, you should know what the expiration date is and what your rollover options are. Rollover dates are standardized for contracts of different asset classes and are set by each exchange. It’s important to know and track the specific expiration dates and requirements of futures contracts you purchase so that you don’t miss those all important rollover dates.

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Trading Signals for 03/25/08

Trading is a skill learned by observation, study, practice and a combination of mental control, money management and simple signal generation.  The Futures Trading Secrets Course shows you how to combine three simple signals into a high probability trade setup.  Adding a logical element of a prinicpal target and the application of proper money management (which includes, stops, exits, position sizing and targets) is the key to trading success.

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Don’t Quit Your Day Job — Yet!

Success as a futures trader is dependent on your ability to master technique, psychology and money management. Life as a trader can be phenomenally successful, but it can be equally risky, particularly while you’re learning to dot the i’s and cross the t’s. It would be a mistake to quit your day job until you’ve mastered the three elements of successful trading. Master only one and your lack of knowledge and expertise in either one of the other two areas may bring you to the brink of disaster and topple you over. Remember, mastery and balance of all three elements is vital to success.

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