Soybeans, Triple Witching And Trading The Range

Soybeans have offered CFRN Traders the most generous opportunities this week as the S&P 500 has remained inside a 10 Point Range thus far marked both on the top and bottom by our Weekly Trading Zones. With Triple Witching on deck perhaps the broader markets will show us increased volatility.

Soybeans

As we wrote on Monday, Soybeans have offered some very dynamic opportunities of late. Our first Soybean Alert of the week went out Sunday night on the Globex session. The call which was to be short below 17.03 triggered Monday the 17th. By early Tuesday morning prices dropped 72 cents to 16.30.

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Emini Podcast For Wednesday September 19, 2012

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Emini Podcast for Wednesday 09/19/12

Trading The Gap - An Emini Futures Strategy

Is Trading the Gap an effective Emini Trading Strategy?

Gap Trading is an area where many traders agree to disagree. While some discount it entirely, others view the "filling of the gap" with a fervor akin to a religious pilgrimage. In this article we will look at both sides of the discussion.

Trading The Gap - An Effective Emini Strategy?

For many traders, the very cornerstone of their trading strategy revolves around whether or not the Gap will fill. Before we continue, let's define what a Gap really is...

Common Gap

A price gap found on a price chart for an asset. These gaps are brought about by normal market forces and, as the name implies, are very common. They are represented graphically by a non-linear jump or drop from one point on the chart to another point. 

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Soybean Futures Offer Volatility To Emini Traders

Soybeans were locked Limit Down by 9AM Central during Monday's trading session.

Soybean Futures Offer Volatility During Quiet Emini Session

After a concerted effort by the ECB and the Fed to "print as much money as it takes" to rescue the global economy, many traders, economists and pundits appeared surprised by today's muted action. We did have a decent spike on Thursday's announcement and a slight follow through on Friday but by the close of the week we had given back all of Friday's gains and a good share of Thursday's as well.

It is not unusual to have a day of consolidation after a big move, but we are now entering our third session in a market that seems to have run out of steam. Many are beginning to question if liquidity was truly the heart of the problem. It is our belief that until banks are forced to actually put money into the hands or responsible credit worthy entrepreneurs and would be home buyers, any chance of a real recovery is but a distant dream of somebody's father.

We did offer a Soybean Trade during the Globex Session Sunday night and aside from one small scalp in the S&P that was it for today. David has shared with us over the years that Soybeans are a good secondary market to fall back on when volatility is lacking in other markets.

Here's the Tweet and the Trade -

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QE3 Rally - S&P Nears All Time Highs

As much as we would like to celebrate QE3 with the rest of the world tonight we can't. Even though our last Tweet for the September S&P Emini Contract posted an impressive gain, 3 things prevent our celebration.

#1) The Emperor has no clothes.

#2) The would be Emperor has no plan.

#3) The FED has no clue.

So with no clothes, no plan and no clue, our hearts are heavy tonight for every man woman and child who must bear the brunt of what is yet to come. We are a people enslaved by our debt.

7 years ago our clarion call as CFRN first broke the air waves:

#1) Don't buy the houses.

#2) Don't take the loans.

#3) Buy Gold.

Beyond the devastation of our economy, we weep for Christopher Stevens who was altruistic enough to place his fate in the hands of Barack Hussein Obama and Comrade Hillary Clinton. We pray for every US Ambassador and every Soldier tonight who stands their post on foreign soil. Our prayer is that our government will not betray you. Our prayer is that after you have faithfully served your country, there will still be an America to come home to.

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Emini Podcast For Wednesday September 12, 2012

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Emini Podcast for Wednesday 09/12/12

Hourly Wages For Emini Traders

Unlimited earning potential is what attracts many traders to the world of Emini Futures Trading. We then quickly learn there is another side to that coin. Let's forget about getting rich overnight and see if we can earn a decent living just getting paid by the hour.

Hourly Wages For Emini Traders

We accept that there are very few absolutes in the world of trading. However, with the advent of Globex and 'round the clock global markets, we would be hard pressed to find any hour in any given day that does not present at least a small opportunity in one of the markets we watch. If we are going to seize those opportunities we will need to reboot our thinking process. Our instincts tell us to swing for the fences but if we can learn to become content with just getting on base, we have a much higher probability of building  a successful career.

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Globex - Prime Time For Trading Emini Futures?

It's no secret the Globex overnight session now presents some of the best trading opportunities in the world of Emini Futures Trading.

Globex - The New Prime Time For Trading Emini Futures?

When U.S. traders use the term "Globex Session" they are typically referring to the electronic markets that trade from 3:30 PM Central until 8:30 AM Central when the open outcry session begins on the floor of the exchange. In the truest sense of the word, Globex embraces all electronic trading around the clock.

June 25, 1992 was the day the CME Globex went live.  Initial volumes were modest but interest was keen, and the system grew steadily in popularity.  While the system was initially sold as a convenience for currency traders, CME Group leadership had a larger vision and believed that electronic trading could be made to serve as another source of distribution for all of the exchange’s varied product lines. 

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Mastering Multiple Time Frames For Emini Futures

All markets can and should be viewed on multiple time frames. Becoming overly focused on just one time frame will result in tunnel vision. Always be aware of what is happening on higher time frames or you may very well stumble into the - Tick Vortex.

Mastering Multiple Time Frames For Emini Futures Trading

Chart analysis works best when several time frames are combined to identify important swing points and breakouts. Although we are using the term "Time" as a point of reference, you will also find that Tick and Volume charts will help you develop a multi-dimensional view of what is transpiring in the market. Once a short-term trader identifies the larger picture of support and resistance, trading opportunities then come from projecting how the next few ticks, minutes or hours of market action will unfold.

As you become skilled at understanding the bigger picture you will be able to locate good setups by reading reversal and breakout patterns inside short periods of cyclical market movement. When we first look at an hourly, daily or weekly chart, we might think, "There is nothing here to help me with my smaller time frame intraday trading“. The indications may not be very clear at first so we need to literally step inside the larger candle and see exactly how it was built. Looking at the same candle or price bar on an intraday chart will give you the missing information you need. 

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Trading Emini Support Levels $ES_F

Trading Emini Support Levels

Using our Weekly Trading Zones as well as following our Twitter Feed @CFRN are both excellent ways to be aware of key areas of Support and Resistance in the S&P 500 and other Emini markets. Once a major area is identified it will in most cases offer multiple trading opportunities. To learn more about this concept, read  Why Important Prices Are Almost Always Tested . 

We issued the following TWEET this week ahead of the ECB Conference - 

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