Recent content by Mina

  1. M

    Futures Market Commentary

    Weekly market recap: The S&P Emini September contract settled lower after a midweek really. So, we are looking for an opportunity to go long on Monday. August Gold futures opened sharply higher on Thursday on the Comex in New York, and rallied a little, but traded pretty much sideways all...
  2. M

    Futures Market Commentary

    I guess I will have to go to a weekly update, since I have gotten too busy to do the daily updates. Look for the first one Friday. Om shanti, shanti, shantih Harih om
  3. M

    Futures Market Commentary

    Well, the gold did drop on Wednesday and rallied today as forecast. The crude did not do much on Wednesday, but rallied today, so it was a good forecast overall. I made some pretty good trades on the S&P Eminis with the Wave59 9-5 indicators (the golden 5 blowoff signals). That is because...
  4. M

    The Use of Stop Orders

    Just from personal experience, I think it is always wise to actually place stop orders rather than using so-called 'mental stops'. If you place them prudently, then getting 'stopped out' prematurely should not really be a concern. With respect to managing risk, there is no substitute for a...
  5. M

    Futures Market Commentary

    Could not open these forums in my browser for the past couple of days, due to the item in my favorites list pointing to an obsolete page here. Obviously I figured out the problem, since I am posting right now. Today I have to leave early, to attend to some real estate business. Thursday, I...
  6. M

    Futures Market Commentary

    My apologies, no recap today - I have an appointment right after the markets close. I will resume the updates tomorrow.
  7. M

    Futures Market Commentary

    No time to recap a lot of different markets today - need to catch a train. Stock indices rallied over the course of the day, although S&P meandered around in a narrow range in the middle of the session - boring! One of my fellow brokers pointed out how the classic head and shoulders top...
  8. M

    Futures Market Commentary

    Stock indices were in a narrow range most of the day, until they broke to the downside in the last hour of trading. Crude oil was even more lackluster. Beans had a significant rally. T Bonds had a little sign of life in them, spiking early to the upside, then dipping below the opening range...
  9. M

    Futures Market Commentary

    A pretty quiet day for the S&P 500. I had only one clear buy signal with the golden 5 on Wave59, which was a decent 3.5 point move to the upside. Crude considered its downward slide and my short player customer covered one of his short positions for a handsome return. Bloomberg reported on...
  10. M

    MASTERING REWARD/RISK

    Just like the old adage that you should not bet more than (was it one sixteenth or one thirty secondth? I forget) [fraction goes here] of your bankroll on a single event. Gamblers, just like traders, should understand risk management.
  11. M

    Futures Market Commentary

    Crude Oil - the July contract was already headed south when the Kuwaiti oil minister announced the projection of a 6 to 8 per dollar drop in crude oil prices over the next two weeks. The announcement just gave it a little nudge to lower territory. Only the next several trading sessions will...
  12. M

    Wave59

    This is a new indicator (9-5 count) developed by Earik Beann, former floor trader in the T-Bonds pit at the Chicago Board of Trade and software developer. I am not sure how recently he invented it. I have been tracking it on a few contracts with good intraday volatility, and trying it out on...
  13. M

    silver prices.

    Are there any futures exchanges in India? If so, what contracts are traded there?