What is a price limit?  A price limit is the maximum price range permitted for a futures contract in each trading session. When markets hit the price limit, different actions occur depending on the product being traded. Markets may temporarily halt until price limits can be expanded, remain in a limit condition or stop trading for the day, based on regulatory rules.CME Group U.S. equity index price limits (and corresponding CME and CBOT rules) are designed to coordinate with circuit breakers provisions as applied by the New York Stock Exchange (NYSE). 7%, 13%, and 20% price limits are ap ..read more

Are you interested in Futures Trading? If so, start by learning the basic definition of futures as shared by Investopedia: Futures are derivative financial contracts that obligate the parties to transact an asset at a predetermined future date and price. Here, the buyer must purchase or the seller must sell the underlying asset at the set price, regardless of the current market price at the expiration date. While there are many types of futures, all of them share the following characteristics: Contracts that trade on an exchange Settlement by cash Backed by commodities or another type of asse ..read more

This month on #TechnicalTuesdays I sat down with my friend Raghee Horner.  Raghee is the Managing Director of Futures Trading at Simpler Trading.  In this episode Raghee shares with us her favorite indicator, The Grab Candle.  She created this indicator & is kind enough to share with us the recipe for coding it.  Raghee explains how she gets an edge using grab candles, shares with us entry & exit techniques, how she determines her stops, and here thoughts on Traders Journaling their trades.  Before you listen to the interview with Raghee I want to mention the&n ..read more

This month on #TechnicalTuesdays I sat down with my friend Anthony Maceroni.  Anthony is an independent swing and position trader and when he’s not trading, he is working as an electrician. He is proof that you can have a full-time job and be a full-time successful trader.  You just have to find a strategy that fits your personality and schedule. In this episode Anthony shares with us process for drawing trend lines, his edge in trading breakouts, how he journals and gives us trade examples using a breakout strategy. Before you listen to the interview with Anthony I want to mention t ..read more

This month on #TechnicalTuesdays I sat down with my friend Rayner Teo.  Rayner is an independent swing and position trader and founder of Trading with Rayner.  In this post Rayner & I discuss his process for determining Support & Resistance levels.  He shares with us his edge using Support & Resistance, how he uses an ATR to determine his stops, explains his process for trailing stops and gives two recent trade examples…one in Silver and one in the Euro-Pound. Before you listen to the interview with Rayner I want to mention the Technical Analysis Guide by RJO Fu ..read more

This month on #TechnicalTuesdays I sat down with my friend Brian Shannon.  Quick background on Brian, he is a full-time trader who specializes in swing trading of US equities.  He is author of the highly regarded book “Technical Analysis Using Multiple Timeframes”.  In this post Brian tells us why his favorite indicator is the VWAP (Volume Weighted Average Price).  He explains how he gains an Edge using it, shares with us his entry & exit techniques, favorite trade setup and favorite indicators for confirmation. Before you listen to the interview with Brian I want to me ..read more

This month on #TechnicalTuesdays I sat down with my friend Q Lahre.  Quick background on Q.  Q was a Pillsbury Chicago Wheat pit trader, Co-Founding Trading Partner at TransMarket Group, Self Employed KC Wheat Trader, former Member, Chicago and KC Boards of Trade & is now the Co-founder of StatFutures.  In this post Q & I discussed Trading Commodity Spreads, why & how Q uses Stochastics & Moving Averages for trading spreads, the role Fibonacci Numbers play in Q’s Stochastic & Moving Average settings &  process for executing trades. Before you listen ..read more

This month on #TechnicalTuesdays I sat down with my friend Tommy Thornton.  Quick background on Tommy, he was a portfolio manager, senior trader and technical analyst with Level Global Investors and Galileo Capital.  He currently writes a daily market note for a select group of hedge fund managers & independent traders with a focus on market sentiment & DeMark Indicators.  In this post Tommy & I discuss his contrarian style of trading & why he uses DeMark Indicators to execute his strategy.  We chatted about using confirmation indicators to help with his exe ..read more

This month on #TechnicalTuesdays I sat down with my friend Jeff Davis.  Quick background on Jeff, he has been a full-time trader since 2000. He started off as a prop trader at Bright trading and for the past 13 years Jeff has been independent E-mini S&P Trader.  In this post Jeff & I discussed his process for choosing the right indicators & strategy for him, how & why he ended up creating his own indicator and why he only keeps up Bollinger Bands & Moving Averages on his charts (more importantly Jeff tells us how he uses Bollinger bands and moving averages in his ..read more

This month on #TechnicalTuesdays I sat down with my friend Tony Greer.  Quick background on Tony, he was a currency & commodities trader for Goldman Sachs & UBS, an equity sales trader & now he is the founder of TG Macro & a contributor to Real Vision. In this post Tony shares with us how he learned about Technical Analysis, process for entering and exiting trades, his favorite technical indicators & how they give him an edge in his trading. Before you listen to the interview with Tony I want to mention the Technical Analysis Guide by RJO Futures. I have it downloaded ..read more