Futures (Cedar Falls, IA)

A monthly trade magazine that presents news, analysis and strategies to inform and educate traders in futures, options and derivatives markets. Provides analysis of global markets and information on price movement, volatility, and future trends. Articles

Articles from Vol. 34, No. 7, June

10 Ways to Measure Trading Success
Traders both green and experienced have numerous questions about trading success: How is it defined? How do you measure it? When can you expect it? Here are some answers.At some point in nearly everyone's trading timeline, they wonder how their trading...
10 Ways to Measure Trading Success; Traders Both Green and Experienced Have Numerous Questions about Trading Success: How Is It Defined? How Do You Measure It? When Can You Expect It? Here Are Some Answers
At some point in nearly everyone's trading timeline, they wonder how their trading successes (or failures) compare with those of other traders. Wondering just how well you stack up to others in the industry is a natural curiosity and a human psychological...
April Showers
The managed money community is hoping the axiom, "April showers bring May flowers," holds true as the entire hedge fund community took it on the chin in April. Commodity trading advisors, who on the whole performed poorly in the first quarter, continued...
Auf Wiedersehen, Herr Seifert: Shareholders Flex Muscle, Exchanges Cringe
When the door slammed behind Deutsche Boerse boss Werner Seifert on May 9, frames around the world rattled--not least in Osaka, Japan, where you can bet exchange bosses are weighing the consequences of the protracted battle between the Deutsche Boerse...
Battle Escalates: TT Turns Up the Heat
When Trading Technologies Inc. sued Refco, one of its largest customers, for patent infringement, executives at TT at a March industry conference said they didn't feel the suit would affect their existing agreements with Refco--after all, business...
CME to Launch Security Futures Products
TWO CHICAGO?The CME will foray into the world of security futures products (SFPs) with plans for a June 6 launch of three futures contracts based on exchange traded funds (ETFs): the Nasdaq-100 Index Tracking Stock, the S&P 500 Depositary Receipts...
Continuation Patterns for Beginners
Some of the most popular tools for traders are the simple ones: trendlines, volume and open interest. But using other tools to better determine strength of these indicators is a key for successful trading.Last month we reviewed breakouts, defined as...
Continuation Patterns for Beginners; Some of the Most Popular Tools for Traders Are the Simple Ones: Trendlines, Volume and Open Interest. but Using Other Tools to Better Determine Strength of These Indicators Is a Key for Successful Trading
Last month we reviewed breakouts, defined as a significant departure from a clearly defined trading range and signaling the beginning of a new trend. We also examined the more common chart formations that can signal breakouts, including triangles,...
Dow on the Range
John Welsh, senior VP at PFG Inc., says the Dow is stuck in a long-term trading range and is going nowhere. But if it does break out of that range, he says the move would be more likely up than down. [GRAPHIC OMITTED] "There's an underlying confidence...
Emerging Markets: The Next Generation
Remember China's hot futures markets? Old news. India's and Brazil's? Ditto. There's a new wave taking shape - and it could just be the shape of our own tomorrow.Truth is sometimes hard to wallow. "The world's largest ommodity futures exchange s in Dalian,...
Emerging Markets: The Next Generation; Remember China's Hot Futures Markets? Old News. India's and Brazil's? Ditto. There's a New Wave Taking Shape-And It Could Just Be the Shape of Our Own Tomorrow
Truth is sometimes hard to swallow. "The world's largest commodity futures exchange is in Dalian, China," Fred Grede, CEO of Chicago-based Vega Financial Engineering Ltd., likes to remind people. "The world's largest financial futures exchange is in...
Fed Chooses to Fight Inflation
If there was ever any doubt where the Federal Reserve's heart lies, the Fed's policymaking Federal Open Market Committee (FOMC) made it abundantly clear on May 3 that it is with guarding against inflation, and not slower growth. In the weeks leading...
Forex Strategies for Globalization
One of the themes of our current era is globalization. It is hard to escape the daily references to this multifaceted force shaping world events. Annually, the A. T. Kearnery/Foreign Policy Globalization Index (www.foreignpolicy.com) released in May...
Getting Mechanical with Oscillators
Traditionally, oscillators are considered confirming indicators or, at best, timing tools. However, with the right approach and care, they can provide the foundation for a viable mechanical trading system.Oscillators are frequently used by traders as...
Getting Mechanical with Oscillators: Traditionally, Oscillators Are Considered Confirming Indicators or, at Best, Timing Tools. However, with the Right Approach and Care, They Can Provide the Foundation for a Viable Mechanical Trading System
Oscillators are frequently used by traders as secondary confirmation tools. However, it is possible to develop short-term mechanical systems with oscillators. Five commonly used oscillators are: moving average convergence/divergence (MACD), momentum,...
Getting Your Kicks with Candlesticks
You can use candlestick formations to analyze the likely result of a market shock, whether it be an earnings surprise or regulatory action. Here's how.There are some situations that baffle many traders. For example, when a stock moves up 12% on the day,...
Getting Your Kicks with Candlesticks: You Can Use Candlestick Formations to Analyze the Likely Result of a Market Shock, Whether It Be an Earnings Surprise or Regulatory Action. Here's How
There are some situations that baffle many traders. For example, when a stock moves up 12% on the day, do you chase it or fade it? Then, there are the times the Federal Reserve Board announces a surprise rate hike and bond prices gap down and move...
Go with the Flow
"We are bringing our life experiences to this ... project," says Mr. Merton, who argues that the collapse of LTCM "has shown me how quickly things can go up and down; all that is useful for building a new company." Financial Times, May 10, 2005 I'm...
Inside the Not-So-Cozy World of Cotton
China, computerization and derivatives have all reshaped the sleepy world of cotton. And all factors helped Allenberg's Joe Nicosia orchestrate the biggest sale of cotton ever."Gonna change my name to Cotton, and move to the south..."A.C. Cotton, "Half...
Inside the Not-So-Cozy World of Cotton: China, Computerization and Derivatives Have All Reshaped the Sleepy World of Cotton. and All Factors Helped Allenberg's Joe Nicosia Orchestrate the Biggest Sale of Cotton Ever
"Gonna change my name to Cotton, and move to the south ..." A.C. Cotton, "Half Way Down" Joe Nicosia came to the cotton business with few preconceived notions. Born and raised in Chicago, schooled in business at Ivy League Dartmouth, and educated...
Merger Mania: NYSE May Set off Domino Effect
The proposed merger of the NYSE with Archipelago Holdings Inc. shook up the exchange world and was a catalyst for other deals like the Nasdaq Stock Market Inc.'s purchase of Instinet. But neither are done deals and the NYSE/Archipelago deal faces strong...
Not So Nifty $50
Nothing cures high prices like high prices, unless demand remains high. This appears to be where the crude oil market is at right now. "It all comes down to how well the economy is surviving the high price of oil," says Phil Flynn, vice president...
NYSE May Set off Domino Effect
MERGER MANIAThe proposed merger of the NYSE with Archipelago Holdings Inc. shook up the exchange world and was a catalyst for other deals like the Nasdaq Stock Market Inc.'s purchase of Instinet. But neither are done deals and the NYSE/Archipelago deal...
Regulatory Musical Chairs
Many of the hedge funds facing additional registration requirements trade futures. Can the CFTC and SEC work cooperatively to avoid doubling - and in some cases tripling - the regulatory burden on these funds?Commodity pool operators always have been...
Regulatory Musical Chairs: Many of the Hedge Funds Facing Additional Registration Requirements Trade Futures. Can the CFTC and SEC Work Cooperatively to Avoid Doubling-And in Some Cases Tripling-The Regulatory Burden on These Funds?
Commodity pool operators always have been closely related to their regulatory cousins, commodity trading advisors and much of the managed futures universe falls in to the CPO/CTA category. But because of the intricacies of regulatory policy, hedge...
Shareholders Flex Muscle, Exchanges Cringe
AUF WIEDERSEHEN, HERR SEIFERTWhen the door slammed behind Deutsche Boerse boss Werner Seifert on May 9, frames around the world rattled - not least in Osaka, Japan, where you can bet exchange bosses are weighing the consequences of the protracted battle...
Smith Point Surfs T-Note Volatililty
Starting his own investment business was something Stephen R. Powell, principal of Smith Point Investments, in New Canaan, Conn., always wanted to do and he chose the U.S. bond market because it's what he knows best. After college, where he studied...
Technical Analysis: Power Tools for Active Investors
TECHNICAL ANALYSIS: POWER TOOLS FOR ACTIVE INVESTORS By Gerald Appel FT Prentice Hall (2005) 227 page, $44.95 From the title, you might conclude that Gerald Appel is about to divulge an array of trading indicators. There's some of that,...
Tis the Season to Trade Soybeans
Summer provides a combination of decreased volatility in equity markets and increased volatility in grain markets, shifting many traders' attention during the growing season. From the beginning of early spring, traders and commercial interests follow...
Trading with a Talking Tool
Trading tools aren't what they used to be and today's abundance of tools leave a trader, who's not yet aware of which tools matter most, looking at more than just a few until he figures out which better suit his trading. Even experienced traders...
TT Turns Up the Heat
BATTLE ESCALATESWhen Trading Technologies Inc. sued Refco, one of its largest customers, for patent infringement, executives at TT at a March industry conference said they didn't feel the suit would affect their existing agreements with Refco-after all,...
Two Chicago? CME to Launch Security Futures Products
The CME will foray into the world of security futures products (SFPs) with plans for a June 6 launch of three futures contracts based on exchange traded funds (ETFs): the Nasdaq-100 Index Tracking Stock, the S & P 500 Depositary Receipts and Ishares...
VantagePoint
VantagePoint Market Technologies, LLC 25941 Apple Blossom Lane Wesley Chapel, FL 33544 U.S., Canada: (800) 732-5407 UK: 0-800-0186-502 Other: (813) 973-0496 E-mail: info@TraderTech.com www.TraderTech.com OVERALL RATING: Good/Excellent...
Walk like a Trader
If you trade systems, you should know what walk-forward optimization is and how to apply it properly. Here, we will address this powerful testing tool.Having demonstrated how to write a macro to perform simple out-of-sample testing in "Out of sample,...
Walk like a Trader: If You Trade Systems, You Should Know What Walk-Forward Optimization Is and How to Apply It Properly. Here, We Will Address This Powerful Testing Tool
Having demonstrated how to write a macro to perform simple out-of-sample testing in "Out of sample, out of mind," (April 2005), we now will expand our automation into the world of walk-for-ward testing, which is a mysterious topic for many traders....
Who Will Win.Supply or Demand?
The long term picture appears clear: Economic conditions have set the landscape for continued commodities growth. But what about this growing season? Will strong supply in soybeans, corn and wheat keep prices low? Or, will beans, with strong demand and...
Who Will Win ... Supply or Demand? the Long Term Picture Appears Clear: Economic Conditions Have Set the Landscape for Continued Commodities Growth. but What about This Growing Season? Will Strong Supply in Soybeans, Corn and Wheat Keep Prices Low? or, Will Beans, with Strong Demand and Asian Rust Potential, Create Volatility and Higher Prices?
Supply has been on the minds of traders for months now, and the numbers are consistently large. The United States Department of Agriculture's (USDA) April 8 report predicts 2.215 billion ending stocks for corn, 541 million ending stocks for domestic...
Working at Employment
Many traders dance to the beat of the monthly employment report. However, the data show that the forecast's effects on actual economic growth may be misstated.Certain dates and times are seared into the memory. Elections take place on the first Tuesday...
Working at Employment: Many Traders Dance to the Beat of the Monthly Employment Report. However, the Data Show That the Forecast's Effects on Actual Economic Growth May Be Misstated
Certain dates and times are seared into the memory. Elections take place on the first Tuesday after the first Monday in November. The Supreme Court reconvenes on the first Monday in October. At 7:30 a.m. on the first Friday of the month, the Bureau...
Yuan to the Yen Rescue?
Japan, the world's second largest economy, fell back into recession in 2004. Lower exports, less consumer spending and higher energy costs have all contributed to the recent slowdown in the expected recovery, which has been delayed to the second half...