Author: Clean Energy Futures
Platinum Futures—Platinum futures in the October contract is trading higher for the 4th consecutive session up another $43 at 998 an ounce hitting a 6 month high as the precious metals sector is on fire in today’s trade. I have been recommending a bullish position from around the 868 level and if you took that trade continue to place the…Read More
Yield forecasts are coming in and they suggest corn and soybeans are both above trend. Corn and soybeans should feel pricing pressure for the rest of August and into SeptemberRead More
By definition, a pullback is a contradictory move in price from a periodic extreme. Pullbacks may be bullish or bearish in nature, often creating premium opportunities to trade futures when they occur. If you’re interested in trend-following strategies, then understanding pullbacks is a great place to begin. Step Up and “Buy the Dip” Throughout the… Read more.Read More
How to Spot Day Trading Chart Patterns | DON’T Let Fake Patterns Creep into Your Futures Trading Ideas
This article on Day Trading Chart Patterns is the opinion of Optimus Futures. Stats presented have not been verified across all Futures contracts, and should only provide a rough guide as a reference.
Reading trading patterns and being able to distinguish a solid setup from a fake one is critical to successful day trading and swing trading. When it comes to identifying “fake” day trading chart patterns, it’s not the patterns you should be looking at but the underlying conditions which can easily “turn” patterns from reliable to unreliable. To deal with disrupted patterns, it helps to know the odds with regards to failure rate, pullback rate, target success rate, and average return.
If you want to increase yourRead More
Gold is hanging around its most expensive prices since futures on the commodity started trading almost half a century ago in 1974. While the price levels have increased, the action around gold has not. Volatility has only risen slightly in gold products, and it is in fact still below its historical average. As gold feels… Read more.Read More