Emini Futures Quiet Ahead Of Fed 03/12/12

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Trading was lackluster again today on Wall Street ahead of a Fed rate announcement which comes tomorrow, Tuesday March 13, 2012 at 2:15pm ET. The S&P500 Emini Futures spent the day session inside a 7 point range settling below 1368. Once the Asian markets opened we saw a 7 point move on Gloex in the first hour.

We've posed this question many times on the Radio and it seems to be one that simply isn't going to go away anytime soon. What happened to the engine that once drove the world's economy? Are we naive enough to believe that our economy and markets have become so stable there is simply no price fluctuation? Or is there something else at work? Something powerful enough to keep the markets in check despite the bullishness of buyers to drive it higher or the bearishness of sellers to knock it down?

I'm no stranger to Market Profile, I'm no expert either. I do understand basic terms like Point of Control and what it means for a market to be "in balance". I've also watched the charts long enough to know when "this" is not "that"....

S&P500 Emini Futures

Emini Futures trading could see some volatility on the Fed announcement. The best six months of job gains since 2006 have helped reduce the odds of a third round of asset purchases by the Federal Reserve. Bernanke, in Senate testimony March 9th gave no sign he’s considering QE3 or so-called quantitative easing. Still, he repeated that the main interest rate is likely to stay near zero through at least late 2014 to boost a job market that remains “far from normal.”

Unless you are an experienced Emini Trader it is best to be flat when the announcement is made @ 2:15PM ET. Allow the markets 15-20 minutes to absorb the news before placing a trade. Here is what Wall Street looked like today followed by the Asian open -

S&P500 Emini Futures (ES) 03/12/12

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Emini Podcast for Monday 03/12/12

SP500 / Dow Emini Futures Trade Zone To Zone 03/05/12

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The S&P500 and Dow Emini Futures traded lower today amid ongoing Euro worries and fresh concerns about China's lowered growth target. The opening hour gave us a 7 point range on the ES and and a 100 point range on the YM. Both markets managed to claw their way back to finish on par with Friday's close.

Learning To Trade Emini Futures

As you will see below on tonight's Emini Charts, the imporatnce of good support and resistance numbers cannot be underestimated or overstated. Whether it's fixed (WTZ) or dynamic, knowing where the market is attempting to go adds a tremendous level of clarity and helps a trader put things in the proper perspective. The markets don't always turn on a dime the way they did today, but when they do, we want to be quick to recognize it and trade accordingly to maximize the potential.

SP500 Emini Futures (ES) 03/05/12

Dow Emini Futures (YM) 03/05/12

Emini Weekly Trading Zones

CFRN Partners receive the Weekly Trading Zones before the markets open every Monday morning. We currently publish Trading Zones for the S&P 500 Emini Futures, Dow Futures, Euro Futures, British Pound and the Russell. In general, these are "areas" where we expect the market to consolidate and make a decision. The outcome is always rejection or acceptance. Either way, price then begins its journey to the next Zone. Today's activity might look unusual but if you reference our historical charts, the real exception to the rule is "when price does not move zone to zone".

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Emini Podcast for Monday 03/0512

Learn to Trade Emini Futures - What Is Spread Betting?

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Spread Betting is is a leveraged tool that gives investors the opportunity to trade the financial markets without ever taking physical ownership of the underlying instrument. It's quite huge in the UK as they pay no tax on their gains. It's also illegal for a U.S. citizen to open a Spread Betting account.

How did I, a humble Emini Futures Trader gain such intimate knowledge of the subject?

"This is London calling..."

Edward R Murrow?
The Clash?

No, this education came to us live on the Radio Program today via Laila one of our listeners in the UK. If you missed the Live Broadcast be sure to click the headphones above and have a listen. When you're done leave a review on our iTunes page.

Once you hear the story you may well want to move. Do take an umbrella as the weather can be dreadful even on a good day. On the flip side, Fish and Chips washed down with a Black and Tan at your local pub is guaranteed to be a tasty treat on even the bleakest of days. And did I mention the gains are tax-free every day?

The concept was launched by Stuart Wheeler who in 1974 founded IG Index so that investors could bet on the gold price without all the expense of buying bullion at a time of penal exchange controls. Popular spread bets were originally based upon performances of the Financial Times, Dow Jones Index and other financial barometers. The purpose was to hedge investment positions and was largely confined to those in the financial community.

Today, over 400,000 people in the UK have a spread betting account, and the majority of the traders, currently, are male (except Laila of course). Spread betters tend to be self employed individuals or those working in the IT and finance and insurance sectors.

Thank you Laila for sharing your story.

Do you have a story?
Call 415-857-5654 or drop us an email. Perhaps we'll feature you on an upcoming show.

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Emini Podcast for Tuesday 02/07/12

Learn to Trade Emini Futures - Fixed Support And Resistance

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FIXED SUPPORT AND RESISTANCE

The S&P500 Emini Futures opened the Globex session last night at our Fixed Resistance level 1313/1314. By the London open price dropped 12 points to our Fixed Support level 1301/1302. Below is a chart that shows exactly what happened:

S&P 500 Emini Futures (ESH12) 12 Point Drop on Globex

Once price reached our Fixed Support we had 2 nice bounces. Each worth a days wages. Following is a chart that shows the first bounce of 4 points followed by a 2.5 point bounce. The market is giving us important information when the second bounce puts in a lower high. We will discuss this Thrusday night in the Partners Meeting.

S&P 500 Emini Futures (ESH12) Double Bounce on Globex

Now that "important information" I mentioned earlier, positioned us to take advantage of the next market move. Remember, 1302 was the support price that gave us 2 buying opportunities. That same price now becomes the price we use as resistance to sell against. Here is the chart:

S&P 500 Emini Futures (ESH12) 4 Point Drop On Globex

That little decline off fixed resistance was also worth "a days wages". The good news is, there's still more to come. Look at what happens next on this chart at our fixed resistance level:

S&P 500 Emini Futures (ESH12) 5 Point Drop

Price trades back above our original number and now fixed resistance becomes fixed support. When trading Support and Resistance you will see this repeat again and again.  Here's 4.75 points:

S&P 500 Emini Futures (ESH12) 4.75 Point Double Bounce

And I have indeed saved the very best for last. If your day was not already made on any one of the previous trades, the next opportunity to trade that same fixed support number delivered a whopping 11 points from our fixed support at 1302 right up to our fixed resistance at 1313. This is not magic, this is math. Again, this will be a major topic of discussion this Thursday night in the Partner's Meeting.

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Emini Podcast for Monday 01/30/12

Learn to Trade Emini Futures - Emini Podcast 01/26/12

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The S&P 500 Emini Futures resumed the rally that began yesterday after the FOMC statement. High of the day today was 1329.75 or just 1 tick short of our highest Weekly Tading Zone @ 1330/1331. Partners were given this number before the market opened Monday morning. We do not expect the week to close above that zone.

Partners Meeting Tonight 9PM EST -
We will be demonstrating a new technique for trading the Euro 6E. DO NOT MISS THIS!

S&P 500 Emini Futures Weekly Chart

click to enlarge

Open House Friday!

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In our trading/training room you will see us use aggressive risk management, trade after trade. Our main priority is not so much teaching you how to make money, our highest goal is to prevent you from losing your money as we work diligently to instill some very basic skills that you will need to survive in the world of trading. Once you understand our proprietary indicator set and fully embrace our rigorous method of managing risk, you simply need to apply the skills we have taught you with patience and discipline. Amazingly enough, everything else will just take care of itself.

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Emini Podcast for Thursday 01/26/12