Our most recent weekly newsletter is now available along with a good , short article I wrote about " There is more to daytrading than just the ES". On a different note, it is rollover time, make sure you are trading December indices ( ESZ6 for example) and last but not least it seems that the condensed volatility finally imploded and this may the beginning of a different trading environment than what we witnessed last few weeks. Have a great weekend!
Front month for stock indices is December!! Looks like volatility is back…usually it will stay for a while so time to adjust your trading strategy you were using in June, July and August and expand it to the higher volatility. This may mean looking for larger target profits, using wider stops, perhaps smaller trade size, perhaps being “picky” with your entry level etc. If you need help, feel like chatting markets or getting feedback – we are here! Levels for Sept. 14th now available.
Front month for stock indices ( e-minis) is December. Front month for metals is December. Front month for currencies is December. Front month for natural gas still October and crude oil / energies is November. Be consistent with your trading decision...if you have rules make sure you follow them and fight that bad voice inside that makes you deviate, usually when in a losing trade! Discipline and consistency are sometimes more important than the question of should I buy or should I sell... Trade with confidence, Trade with a plan, Trade with discipline! Levels for Sept. 20th and more available here!
Tomorrow is an anticipated FOMC meeting. Be careful. The FOMC interest rate decision is due at 2:15 ET in the US tomorrow as well as Crude Oil Inventories. FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow. if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market. The following are suggestions on trading during FOMC days: