Recent content by Rae

Currency Traders day trading futures that are specially short-term trading (not be mistaken with intra-day swing trading) must remember not to change their short-term objectives or risk parameters into longer time frames. It’s my experience that short-term traders do this when they get caught...

Day trading futures requires traders not only to be cognizant of highs and lows, but of volume also. The idea of volume for me is to understand where traders are actually buying and selling markets. For example let’s take a look at the March 2010 Euro Currency Futures contract (below)...

An Incredible day for traders day trading futures, specifically Euro Currency Futures. This market rallied over 150 ticks in less then 1 hour and in one five minute bar had a range of 55 ticks. This is a great example of why short-term traders should utilize stops when day trading futures...

The Canadian Dollar tests the top side of a downward trendline late last night and then falls over .0100 ticks. The CD 5-minute chart shows the quick move up and then the steady march downwards. You will also notice that the area of concentrated volume has widen some. This area of concentrated...

The Canadian Dollar pierces the 13-week moving average (.9113) Sunday night, before reversing in the late morning. The CD 5-minute chart shows consolidation between .9094 and 9130 for several hours. This is the area where from which I launched three simulated trades. These simulated long...

Looking back at the The Euro Currency Technical Outlook for Friday September 18, 2009. My intention here is to offer non system traders a perspective on one part of the trading process, which is in the preparation. Before ever placing a trade I like to create potential trading ideas from...

The Euro Currency looked as thought it was trading in an intra-day sideways channel after installing the new weekly high at 1.4773. The EC 5-minute recap chart (below) clearly illustrates the whip sawing of today's action. The question that comes to mind tonight is will we see the Euro Currency...

Another exciting day in currency futures market, which are the most aggressive and exciting markets a trader can participate in. Both the Canadian Dollar and Euro Currency install new weekly highs, while the Japanese Yen sells-off and installs a double bottom low. So, let’s take a quick and...

In an article I wrote yesterday, I wrote about the importance of thinking ahead and trying to anticipate where the market might be or how it might look technically at some point in the future. To reiterate why I think this is important is because as a trader, it is my technical opinion that you...