Trading Ranges for August 15, 2019
MARKETS MOVE BASED ON TRADER GREED AND FEAR AND EMOTIONS. THERE’S A SCIENTIFIC WAY TO IMPROVE YOUR TRADE EXECUTION PROCESS. TRADING RANGES ARE DESIGNED TO IMPROVE TRADERS BUY AND SELL EXECUTION LEVELS AND TAKE THE EMOTION OUT OF TRADING EXECUTION.
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How Trading Ranges Work?
The Trading Ranges strategy was developed by the Futures Magazine data science team to supplement active trader entry and exit levels in futures and commodity markets.
Trading Ranges is a quantitative framework for active traders searching for trade alpha. It’s designed to help traders understand where buying and selling action exists from other market players. The trading range levels help you improve trade location and make better sales at the top end of the trading range and purchases at the low end.
The quantitative Trading Ranges is a multi-factor model and uses multiple lookbacks, price, and volatility to determine the actionable trading range for future and commodities markets.
| FUTURES BUY & SELL TRADE RANGES | ||||
| Buy & Sell Trading Ranges Front Month Futures | Thursday, August 15, 2019 | |||
| FUTURES | BUY TRADE | SELL TRADE | TREND | PREV. CLOSE |
| FIXED INCOME | ||||
| US ULTRA LONG BOND | 191.9 | 198.1 | LONG | 194.97 |
| US TREASURY BOND | 163.0 | 166.8 | LONG | 164.91 |
| TREASURY NOTE 10 YR | 129.6 | 131.4 | LONG | 130.52 |
| TREASURY NOTE 5 YR | 118.5 | 119.7 | LONG | 119.13 |
| TREASURY NOTE 2 YR | 107.5 | 108.0 | LONG | 107.75 |
| INDEX | ||||
| E-MINI S&P 500 | 2757 | 2924 | NEUTRAL | 2,841 |
| E-MINI NASDAQ 100 | 7232 | 7745 | NEUTRAL | 7,489 |
| MINI DOW JONES | 24726 | 26184 | SHORT | 25,455 |
| VIX | ||||
| FOREX | ||||
| EURODOLLAR FX | 1.1097 | 1.1238 | SHORT | 1.117 |
| JAPANESE YEN | 9361.22 | 9572.78 | LONG | 0.9467 |
| BRITISH POUND | 1.1992 | 1.2162 | SHORT | 1.208 |
| CANADIAN DOLLAR | 0.7465 | 0.7556 | SHORT | 0.7511 |
| AUSTRALIAN DOLLAR | 0.6706 | 0.6802 | SHORT | 0.6754 |
| U.S. DOLLAR INDEX | 97.3574 | 98.2946 | LONG | 97.83 |
| BITCOIN (BITSTAMP) | ||||
| METALS | ||||
| GOLD | 1492.72 | 1539.08 | LONG | 1,516 |
| SILVER | 16.82 | 17.74 | LONG | 17.280 |
| COPPER - HIGH GRADE | 2.52 | 2.65 | SHORT | 2.5865 |
| ENERGY | ||||
| LIGHT CRUDE OIL | 51.71 | 58.75 | NEUTRAL | 55.23 |
| HEATING OIL | 1.75 | 1.93 | SHORT | 1.8437 |
| NY HARBOR RBOB GAS | 1.59 | 1.76 | SHORT | 1.6758 |
| NATURAL GAS | 2.06 | 2.22 | NEUTRAL | 2.1430 |
| GRAINS | ||||
| CORN | 343.61 | 374.39 | SHORT | 3.59 |
| SOYBEANS | 843.27 | 878.73 | SHORT | 8.61 |
| WHEAT | 454.69 | 492.81 | SHORT | 4.7375 |
| SOYBEAN OIL | 28.27 | 29.93 | LONG | 29.1 |
| SOFTS | ||||
| COFFEE | 94.85 | 100.95 | SHORT | 97.90 |
| SUGAR #11 | 11.24 | 11.98 | SHORT | 11.61 |
| COCOA | 2179.97 | 2228.03 | SHORT | 2204 |
| COTTON | 57.68 | 61.54 | SHORT | 59.61 |
| LIVESTOCK | ||||
| LIVE CATTLE | 97.68 | 102.72 | SHORT | 100.20 |
| LEAN HOG | 76.83 | 81.97 | NEUTRAL | 79.400 |
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Other Trading Models to Combine
The range model works best in combination with other trading indicators and models. We suggest researching with money flow models, trend following models and correlation models.
How We Use Trading Ranges?
1) The most popular way to trade is to use levels as support and resistance levels that are in the same direction as your other trading indicators or view
2). We also like to buy and sell on pullbacks contrary to our directional view. Trading Ranges gives us a price level to target to initiate or add additional trading units.
Questions or comments?
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Twitter: @futurestrademag