SMB Futures TOTD – 5/24/18

Merritt BlackFutures, Reading the Tape, Technical Plays

It’s time for the Futures Desk Trade of The Day! Today the trade is from yours truly. It wasn’t a monster winner, but it was a quality trade from start to finish. CL (crude oil futures) A good entry according to premarket plans and key levels Quality profit taking when given the opportunity Aggressive add given the context of the … Read More

SMB Futures TOTD – 5/23/18

Merritt BlackFutures, Reading the Tape, Technical Plays

It’s time for the Futures Desk Trade of The Day! If you missed yesterday’s, you can find it here. We love having our traders in Europe and Asia on the Futures Desk. It allows us to capture some trades while the rest of us here in NYC are fast asleep. This trade was just after 4am NYC time. Key variables: … Read More

SMB Futures TOTD – 5/22/18

Merritt BlackFutures, Reading the Tape, Technical Plays

It’s time for the Futures Desk Trade of The Day! The trade was in crude oil futures. Speaking of which, many think that this is a “wild west” market, and it’s truly not. It’s a great market with solid liquidity and often great momentum. Key variables for the trade: Failed attempt at breakout outside the prior day’s range Failed attempt … Read More