The wheat markets have provided an interesting setup as of late, continuing to trade in a range bound by its symmetrical triangle pattern. The next few weeks could be very telling for the medium term direction of wheat. Chicago Wheat in the short run has been constrained by this symmetrical triangle for the past six… Read more.
This is a sample entry from Brian Cullen’s email newsletter, The Cullen Outlook. Technically Speaking: Markets You Should be Watching Right Now October Feeder Cattle: Selling on a break of strong support. October Feeder Cattle has broken through a strong support level of 134.00. I look for a bit of retracement to get short this… Read more.
As a futures trader, have you ever asked yourself any of the following questions? “What looks good and where should I get in?” “Uh-oh… I didn’t expect that… what should I do now?” “Do I want a stop and where should I put it?” “How should I get out?”
This morning, I got a call from a self-directed client. I generally do not offer unsolicited advice for do-it-yourself traders unless they are doing something blatantly dangerous, or if I am sure they are wrong.
Doji bars are one of the single most useful single bar patterns that any trader can identify. They can be used for entries, exits, or to determine position bias. “Doji” is a term used by Japanese candlestick chartists that refer to a bar where the open and close of a bar are in close approximation to each other.
In my opinion, George Douglas Taylor was one of the greatest trading thinkers, and luckily he left behind one book on trading: The Taylor Trading Technique. This book lays out his “Taylor Book Method” for swing trading in futures.
This is a sample entry from Brian Cullen’s email newsletter, The Cullen Outlook. August Crude Oil Buying on a technical break of the recent down trend-line Consider buying on a slight pullback. Support was found at the 90.00-92.00 price level. As we potentially begin to move back to the upside, look for an opportunity to… Read more.
Over the weekend I got an email from a trader who follows the Taylor Trading Technique as he learned from Linda Raschke. Linda’s version of the Taylor Trading Technique is the basis of my Swing Trader’s Insight futures advisory service.
When it comes to trading wheat futures, it is paramount to know the types of wheat is out there and where to trade each variation. As the summer begins to arrive along the southwestern plains, news continues to come out about the drought and hot temperatures there creating a poor quality crop. The speculator in us all tells us to buy wheat as the supply coming online will be small and poor in quality.
This post is part of Craig Turner’s Innovative Trading Concepts series. I’ve been hearing a lot lately that a weak US Dollar is good for America. The theory is a weak US Dollar will increase US exports. The American currency will be less valuable against foreign currencies, making US goods and services cheaper for foreign… Read more.