Blogs
Divergence, Part 2
Feb 05, 2015
A couple of months ago we looked into CQG's built-in Divergence Index and how to use it.
Following up on this topic, I want to show a much simpler approach using the Formula Toolbox.
A divergence is when an indicator (here... more
Deflation and Commodity Prices
Feb 04, 2015
Commodity prices continue to be in a bear market. Industrial raw material prices have plunged over recent months. The price of crude oil halved since June. Iron ore prices have plummeted, and recently the price of copper dropped below long-term... more
A Follow Up on Copper
Feb 02, 2015
In my January 13 article, A Look at the Copper Market, I wrote, "...the support level at $2.72 may become more and more distant in the market's rearview mirror." Since the day I made that statement, the red metal has had a rough time.
... more
Opening Range Breakout System using Super Template
Jan 29, 2015
One of the theories behind Market Profile®* is the opening trading range. This is the high and the low from the first hour of trading. We want to create a trading system around that and use the Super Template to save a lot of time.
... moreMarch Crude Oil Testing an Important Reference
Jan 23, 2015
Over the past four months, crude oil has declined about $50. However, during the past fourteen trading days, March crude oil had been rotating within a 4538-to-5078 balance range. On Friday, January 23, 2015, the market took out the 4538 fourteen... more
Trading Breakouts on Intraday Pivot Levels
Jan 14, 2015
In this article we take a look at two examples where trades are placed on or around significant lines. The first idea is to change the classic daily pivot lines into intraday pivot lines and trade on them.
This is the classic pivot... more
A Look at the Copper Market
Jan 13, 2015
Today's Lows are Tomorrow's Highs
Copper fell 15.78% on COMEX and 14.59% on the London Metal Exchange in 2014. Copper has been making lower highs and lower lows since July 2014. The copper market has just moved into a new zone and the... more
Gold Coiling For a Breakout
Jan 12, 2015
Over the past two months, February gold has been rotating within a 11469-to-12390 balance range. However, over the past four trading days, gold was confined to a relatively tight 12054-to-12233 balance range. When a volatile market such as gold... more
Order Book and Volume Analysis
Jan 07, 2015
Recently, we had a request to show, in real time, how many contracts are available on the buy and sell side in the order book. This can be accomplished with a very simple study: DOM Ask Volume (DomAskVo) (and DomBidVo for Dom Bid Volume).
... more
Failure Breakout in Natural Gas Spread Could Lead Move in Opposite Direction
Jan 05, 2015
Over the last thirty trading days, the February/April natural gas spread has come off sharply about 800 points, leaving several gaps along the way. A few weeks ago, after the spread fell about 500 points in ten days, the market came into a... more