Emini Futures | Breakout Kings

During the CFRN Partners Meeting news from the Euro Summit pushed the S&P 500 Emini Futures up 20 points on 40k contracts. During RTH (regular trading hours) 40k contracts might move the Index 2 ticks at best. This is a prime example of why:

1. You must always have a hard stop
2. You must always be aware of global economic events
3. You must accept the fact that you never know when "news will hit the fan"

Every trade you place -  no matter how humble, no matter how quiet the market, must come with a full-blown emergency preparedness plan. As long as you trade with a disaster plan in place, the chance of actually experiencing one, is greatly reduced. Without one, your trading plan and ultimately your business plan, becomes nothing more than a ticking time bomb. 

Click to read more ...

Emini Futures | Brick And Mortar - The New Economy?

Brick And Mortar - The New Economy?

Two back to back days of positive housing data have the markets looking a bit optimistic. Pending home sales rose 5.9% in May hitting a two-year high, adding to other recent positive reports from the battered sector including yesterday's S&P/Case-Shiller data showing U.S. home prices rose 1.3% in April.

Click to read more ...

Emini Futures | Zone To Zone Inside Day

The S&P 500 Index added 6.27 points, or 0.5%, to close the day at 1,319.99 After a 74 point climb followed by a 50 point drop, the Dow Jones Industrial Average ended up 32 points to close at 12,534.6. The Nasdaq Composite rose 17.90 points and the only thing we can find to blame the bullishness on is this - 

S&P/Case-Shiller data showed U.S. home prices rose 1.3% in April, their first monthly gain since last autumn.

 Consider today's bounce as just that and trade accordingly.

S&P 500 Emini Futures

CFRN Partners were reminded once again today that our Weekly Trading Zones do an admirable job of defining Major Support and Resistance days ahead of time. This week our 1305/1306 Weekly Zone has held as support thus far, and today we ran up to 1317/1318 where the market halted its advance and has reversed so far on the Globex session back down to 1312.25.

Click to read more ...

Emini Futures | Bearish Engulfing Pattern Foretells Sell Off

S&P 500 Emini Futures

Friday's Bearish Engulfing Pattern on the S&P 500 Emini Futures hourly chart turned out to be every bit as ominous as it appeared. Around the Globe all markets headed lower on the Globex open.

Click to read more ...

Emini Futures | Emini Podcast For June 22, 2012

S&P 500 Emini Futures

Our projections written Thursday night for the S&P action on Friday called for support at 1317/1318 and resistance at 1333/1334. Here's how it played out - 

(ES) Emini Futures 06/22/12

Also worth noting, on the hourly chart above you can see that the market closed Friday with a Bearish Engulfing Pattern in proper context. In simple terms, this calls for lower prices ahead.

Click to read more ...

Emini Futures | Purpose Driven Trading

As we suggested could happen on our Emini Radio Program over the past few weeks, the absence of a definitive move by the Fed has indeed resulted in the market throwing a bit of a temper tantrum led by none other than Goldman Sachs.

Here’s the note from Goldman:

Click to read more ...

Emini Futures | Emini Podcast For June 20, 2012

Learn To Trade Emini Futures

Click to read more ...

Emini Futures | Emini Podcast For June 19, 2012

S&P 500 Emini Futures

Click to read more ...

Emini Futures | Is Trading A Zero Sum Game?

According to George Carlin "Life is a zero sum game." Ask your undertaker if he agrees...

Is Trading A Zero Sum Game?

Well for starters, if you approach it as a game then the answer is quite probably yes. If on the other hand, you approach your trading business as you would any other business, the answer becomes an unequivocal no. Make that, Heck No!

In all business ventures we must confront the Profit and Loss sheet. Many businesses fail everyday both small and large. Good, hard working, tax paying people simply trying to bring a quality product or service to market at a fair price, sometimes fail. Despite the blood, sweat, tears, sleepless nights and fervent prayer, it just doesn't work out. 

Is that business owner now damaged goods in the eyes of man or God because of his failed speculation? He worked hard, planned well, and whether it was a change in the weather or the social climate, success eluded him.

Click to read more ...

Emini Futures | Are Currency Futures Better Than Forex?

Are Currency Futures Better Than Forex?

Currency markets are the most liquid and active markets of any sector. However, there is also a great deal of misinformation, slick advertising, and even outright deception regarding this $2 Trillion Dollar a Day marketplace. For starters, a large percentage of that $2 Trillion is traded through what is referred to as the interbank market. The interbank market is the top-level foreign exchange market where banks exchange different currencies. This trading between banks is not accessible to retail traders and is estimated to account for the vast majority of the Trillion Dollar liquidity factor that attracts so many retail traders in the first place.

Our platform and proprietary indicator set performs well in both Currency Futures and Spot Forex. While we are more than happy to accommodate and train Forex Traders, we do prefer the Currency Futures as a trading vehicle. Here are a few of the reasons why:

Click to read more ...