Fibonacci Tips For E-mini Futures Trading - Part Two


As traders, we are quick to put on mental shackles. Bind ourselves to a way of thinking that lives somewhere between no-sense and nonsense. No trader makes it through unscathed. We all get a little taste of the snake oil in one form or another. However, if you are going to succeed in building your trading business, you must learn how to trade. Interestingly enough, the most powerful tools available in today’s hi-tech trading arena, in my opinion, aren’t the new ones; it’s the tools that are steeped in a rich history, the ancient of days.

  • Candlestick Signals - 400 years old
  • Fibonacci Sequence - Created “In the beginning” discovered by man recently in 1202

In our previous article, Fibonacci Tips For E-mini Futures Trading, we covered the basics of Fibonacci Retracements in the context of an uptrend. In this article, we will use the same concept and approach, but we will simply apply them in the context of a down trend. This is a large part of why Day trading E-mini Futures is so attractive. Unlike investing in a company where you often wait weeks, months, or even years for the stock to appreciate, E-mini Futures’ profit opportunities are as readily available in a downtrend as they are in an uptrend. Continue reading "Fibonacci Tips For E-mini Futures Trading - Part Two"

Beyond the "Spotlight"

The GBE Trade Spotlight advisory service applies the GBE trading methodology (buying or selling commodity contracts based on breakouts of chart formations and technical indicators) to identify one to two trade setups per week.

Highlighting This Week’s Potential Breakouts:

December 2012 Australian Dollar

The December 2012 Australian Dollar contract closed at 1.0305 below a lower trend line on November 15. There are three touches on the lower trend line at 1.0089 (10/08/12), 1.0191 (10/23/12), and 1.0340 (11/14/12). In the same November 15 trading session the MACD Indicator crossed over to a bearish signal; the Stochastic indicator crossed over earlier in the week. The market is currently trading below a 20 day exponential Moving Average but right at the 50 day Moving Average. The Trend Seeker (a US Chart Company tool to help identify market trend) is still Up. It appears the market will need further downside movement for the trend to flip bearish to confirm a short entry. The ADX is at 14.05 showing signs of a lack of Momentum currently. A break of a support line consisting of lows at 1.0095 (7/27/12), 1.0077 (9/05/12), and 1.0089 (10/08/12) can see prices break the 1.000 level and test the twelve month low of .9545 (6/01/12). Continue reading "Beyond the "Spotlight""

Fibonacci Tips For E-mini Futures Trading - Part One

True Fibs for E-mini Futures Trading

Introduced by Burt Schlichter

We addressed the topic of Fibs and Fibonacci in a previous article, “Fibonacci Made Simple.” If you are not familiar with the man or the mathematics, I do encourage casual research as Fibs can be successfully used for confirmation and/or projection when properly applied. A word of caution, Fibonacci Retracements and Extensions should always be used in conjunction with other indicators or methodologies. As a standalone tool, its subjective nature simply leaves too many questions unanswered.

There is no question of the elegance and even precision with which these levels can be viewed after the fact. The most common levels are observed by a great number of traders and on larger time frames. It is easy to see the hive mind at work which begs the philosophical question of “predictive tool or self-fulfilling prophecy?” Either way, as long as we are armed with the caveats previously stated and able to potentially enhance our trading performance through its use, let’s go Fibbing. Continue reading "Fibonacci Tips For E-mini Futures Trading - Part One"

Election Day Special


Election Day has finally arrived here in the United States of America, so please exercise your civic duty: get out and vote (if you haven’t already) thank you.

Today was largely expected to be uneventful in the Gold and Silver markets as many traders were looking to avoid the event risk inherent upon the outcome of the U.S. Elections, but that has definitely not turned out to be the case.

After Friday’s massive drops of -$40 Gold and -$1.50 in Silver, which happen to be the biggest single-day spikes lower in the last 2 months, both markets blasted higher this morning with Gold putting on nearly +$35 and Silver around +$1.00 higher (intraday) before pulling back off the highs...

Let’s take a look at where the recent consolidation stands from top to bottom: Continue reading "Election Day Special"

Four Critical Goal Setting Tips for E-mini Futures Trading

One of the most common characteristics among highly successful traders is being extremely goal-oriented. People are most effective, happy, and not surprisingly, physically and mentally healthy when they have clearly established goals. From the small and mundane tasks, such as cleaning your desk, to more important life issues ranging from child rearing to estate planning, having a goal and making steady progress towards that goal creates a state of mental clarity and a sense of purpose.

That’s the good news. The flip side of the coin is that poorly planned goals can have the complete opposite effect. Once we firmly establish a specific goal, our subconscious kicks in gear to “get ’er done”. This has nothing to do with will power — it’s simply the way we are wired. While establishing and pursuing goals can lead to a higher quality of life, unless they are structured properly, they can also lead to depression and an overwhelming sense of failure. So before we start flipping those switches and the synapses start firing, let’s clarify some sound and solid principles that will become the foundational structure of every goal we set both in our E-mini Trading business and other areas of our life as well. Continue reading "Four Critical Goal Setting Tips for E-mini Futures Trading"