Futures Magazine December 01, 2007
Trading Techniques
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All in one: Price, volume and open interest
Volume is a powerful indication of market strength. However, in many cases, we can get a better idea of its significance by tracking it over time, in terms of moves in the markets. One method for
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Predicting equity index reversals
A reversal bar on a candlestick chart is any bar with a tail on one end and its close near the other end. A bullish reversal bar has a close near its high, and a bearish reversal bar has a close near
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Risk management is key to day-trading
On Oct. 19, 1987, my life was rosy. I was a vice president of a major brokerage firm. The family was doing great. I had a nice house, cars and other amenities that a cushy income could provide. By
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Market relationships key to price moves
For example, knowing what gold is doing can make you a better Nasdaq day trader. Following the Nasdaq 100, S&P 500, 30-year bonds, euro, gold and crude oil can make you better day trader in any one,
Technology & Trading
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Opportunity found: 2007’s stand-out contracts
How do chickens and eggs relate to futures contracts? Besides providing the original underlyings for the Chicago Butter and Egg Board, which eventually grew into the Chicago Mercantile Exchange
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Trading around the globe
The world of trading has changed considerably in the last 10 years. Not only are new products being traded, many markets trade globally in electronic marketplaces. People from all over the world
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High Growth Stock Investor Industry Monitors
Recommended System: PC with Windows 2000/XP/Vista, minimum RAM 512 MB (1 GHz recommended), 2 GHz Processor or faster, 5 GB free disk space or more. Internet Explorer 5 or later. Internet access with
Forex Trader
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Will the dollar find support in 2008?
A lower dollar reflects the forces that drive the world economy. The current mix of nearly $100 crude oil and $800 gold are examples of these forces. A year from now we do not know what the mix will
Futures 101
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Understanding options
Options are vehicles to take you where you want to go. As a new trader, do not look to them to tell you where the market is going. You are the driver. Options are simply a tool you can use to exploit
Industry Trends
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Top 50 Brokers
In a certain respect, futures exchanges and futures commission merchants (FCM) have always been competitors. But in a world where for-profit exchanges reach out directly to end users and brokers try
Markets
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This must be the new world
To a trader, there is no phrase as fraught with danger as “it’s different this time.” And yet powerful macro-economic forces have given way to an incongruous new reality where crude oil prices and
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Trading with support and resistance
Support and resistance levels are widely used technical tools and form the basis of most chart patterns. When we mention the support area in trading any market, we understand it as the price at
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Tech Talk: Seasonal rally
History is a worthwhile subject to study when it comes to commodity prices, if the study is undertaken with the relative relationships understood. For instance, there are those worried that the gold
Editor's Note
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Trouble with growth
In our yearly review of the brokerage business, Top 50 Brokers, Managing Editor Dan Collins does a thorough job recounting the issues FCMs have to deal with. Of course the merger of the Chicago
Book Reviews
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Credit Derivative Strategies: New Thinking on Managing Risk and Return
The problem starts in the book’s introduction. The editor writes, “All potential investors ask: ‘How do I choose among the many investments and strategies?’” Unfortunately, that is the wrong
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The Complete TurtleTrader: The Legend, the Lessons, the Results
Covel provides a thorough and accurate historical account of the Turtles from the start to the finish of this experiment. For those unfamiliar with the story, Richard Dennis was widely considered one
Market Analysis
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Alternately fueled
Since early October soybeans have advanced more than a dollar to trade near $10.50 per bushel. “The motivation is the worldwide demand for energy,” says Elaine M. Kub, commodity analyst for DTN, and
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Flight of the loon
“All the commodities are really strong, and that is a positive for the Canadian economy,” says Brian Dolan, chief currency strategist for Forex.com. But a setback in oil could slow the advancing
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Nasdaq 100 gets technical
It’s all about technology with the Nasdaq 100 E-mini futures, which traded at high levels before their 10% sell off at the beginning of November. Analysts say tech stocks are part of the reason for
Managed Money
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Europe warms to modern investments
This time last year, the European Union, with the exception of Germany, was drifting towards the “light touch” model of hedge fund oversight advocated by the United Kingdom’s Financial Services
New For Traders
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New for Traders
Eurex Repo, the electronic repo market of Eurex, has created a pan-European market for collateralized money market transactions. Eurex Repo will internationalize its Euro GC Pooling offering with
People
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Rado named president of AMEX
Kathryn J. Meyer is now executive vice president and chief operating officer for Alaron Trading Corporation. Previously she was president of MNM Financial Ltd. Prior she was president of the CME
Breaking News
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Nymex cut costs
After reporting record revenues and net income for the third quarter, Nymex Holdings Inc. announced a plan intended to reduce costs and take into account, “the evolving business model of the
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BP ends gas pain
BP Products North America Inc. (BP) agreed to pay the largest manipulation settlement in the history of the CFTC, totaling $303 million, to settle charges of manipulating and attempting to manipulate
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Nasdaq buys PHLX
Merger activity in the exchange space has picked up, and the Nasdaq Stock Market’s (Nasdaq) definitive agreement to acquire the Philadelphia Stock Exchange (PHLX), announced on Nov. 7, has experts
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CME goes global
The CME Group extended its reach into the Southern and Eastern Hemispheres, entering a non-binding equity swap agreement with the Brazilian Mercantile & Futures Exchange (BM&F), and by agreeing to
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Europe ready on MiFID
European securities exchanges say they’re ready for the new competition theoretically brought on by the European Union’s Markets in Financial Instruments Directive (MiFID), which came into effect on
News
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Court upholds FERC suit
A November federal court ruling against Amaranth and its lead trader Brian Hunter raised the question of who’s really in charge when it comes to regulating energy futures. Both the CFTC and the
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CME Group goes global
The CME Group extended its reach into the Southern and Eastern Hemispheres, entering a non-binding equity swap agreement with the Brazilian Mercantile & Futures Exchange (BM&F), and by agreeing to
Trader Profiles
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Alex Moisseev: Navigating the markets
“I have all the markets right here,” he says. “I can see everything I need right in these instruments.” A 15-year veteran of the markets, and a licensed pilot with his own plane, Moisseev is the
