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Looking for new futures markets to trade? Alternatives to the TF? Check out Eurex!

Looking for new futures markets to trade? Alternatives to the TF? Check out Eurex!
With the ICE rising their market data fees to $117 per month, many traders are thinking about alternatives to trading the Russell 2000 (TF) for example. Sure, it's just 12 ticks in the TF you might say, but that doesn't make it better...any additional trading costs you can save, you want to save! Regarding the Russell 2000 (TF) you might want to have a look at the EMD traded at Globex. Yes it has ...
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Trading from the Beach

Trading from the Beach
Because of the short week ahead of us, I've decided to head for the beach for a few days (until Sunday). Of course, I will take my "trading stuff" with me (Laptop, Smartphone) to watch and manage my open trading positions. When I travel, I usually don't put on any new trades (and I definitely don't day trade or swing trade) but with today's technic it is an easy task to keep an eye on open positio...
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Next in the EUR/USD and new video on why you should ignore my calls

Next in the EUR/USD and new video on why you should ignore my calls
After my last two spot-on calls on the EUR/USD, here's the next one, plus a video on why you shouldn't pay any attention to it: My feeling is that since everyone expects the EUR/USD to correct right now, it won't but will instead move up for another day or two. Again I won't trade on this, actually I'll probably be short again tomorrow... And here's the video why you shouldn't care about any marke...
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How do I become flexible in trading?

How do I become flexible in trading?
One mark of a flexible trader is he/she has a carefree attitude when it comes to executing a trade. They don’t allow themselves to get bent out of shape over a trade. They don't sit and think over and over about their strategy. They have done their homework. They’ve developed a sensible trading plan, and when the opportunities present themselves, they pull the trigger on the trade. They don't ques...
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EUR/USD moving towards support area

EUR/USD moving towards support area
This is a quick follow-up to my last post about the strong move we've seen post-ECB last week. As expected the Euro is now pulling back, coming close towards a possible strong support area. So you might want to keep an eye on this market around 1.0975-1.1050 for a short- to medium term bounce. PS: As a systematic trader I won't take a trade based on my opinion and a few lines in a chart. But ...
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Draghi Day - EUR/USD To trade or not to trade?

Draghi Day - EUR/USD To trade or not to trade?
Today we had the long awaited ECB press conference and Draghi did his thing by surprising traders with their decisions. This is what happened so far (13:00 NY Time) and as you can see the volatility hasn't been that high for weeks with EUR/USD moving 400 pips intraday.  So what to do on such a day where you can expect higher volatility than usual? Take trades or not? For me it's a no-brainer....
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Don't Give Up

Don't Give Up
I received the following email: Hey Joe! I’m ready to give up. When I found out that statistically most traders are losers, I wonder what chance I have of ever making it. You have every chance of making it. You are not everyone else, you are you. Statistics and those who use them may predict, but you alone determine whether you will succeed or fail. You alone are in control; take responsibility fo...
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Stop-Running or What?

Stop-Running or What?
Of course I have watched the ECB Press Conference today at 7:30 AM CT (Thursday 03/10) together with the markets. I did not intend to enter any trades before Draghi had his moment and I was surprised by the strong down move at 6:45 AM CT. In just a couple of minutes the Euro FX went down about $1,600. Stop running or was it because of the ECB announcement of lower interest rates (actually everyone...
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Sometimes others get to play and you don’t.

Sometimes others get to play and you don’t.
Sometimes in softball games, as a kid, they handed out the bats and balls and gloves, and there weren’t enough to go around – so you had to sit it out. You had to sit on the bench and watch. The same thing happens in trading. Sometimes you don’t get to participate. You must get used to the idea that sometimes you will sit in front of your charts for days or weeks, and nothing at all will happen. O...
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Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.