1. Trader's Corner: Creating Trading Rules can help eliminate some of the emotions from trading

When speaking of trading rules, I think there are two levels of the subject. One is in terms of general rules such as:

Only use risk capital
Do not over trade
Do not be greedy and many more of this nature

The other set of trading rules relate more to trading strategy perhaps even trade systems. In my opinion, the following are important trading rules when it comes to a trading strategy:

Know which markets you are trading
Know how many markets you are trading at any one give time
Know the time frame for your trading, i.e. Are you day trading or swing trading?

Once you answer the questions above you can get into even more specific rules. For the sake of educational purposes let's assume the following:

We will focus on trading crude oil, mini Russell 200 and gold futures.
We cannot be in more than 2 markets at any one given time.
We are approaching trading as an intraday activity, so we will be in and out within the primary trading sessions that starts at 8:30 AM EST and ends at 4 PM EST

Now that we know the answers for the first more general set of rules you need to decide and answer the questions below to create the following trading rules:

When do we enter a trade?
Quantity of contracts we will trade?
Decide when to exit a trade when a trade is losing
Decide rules for taking profits or exit targets.

Read the rest of the article along with chart examples by filling out the form.

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Creating Trading Rules

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2. Hot Market Review - U.S. T-Bond Bulls Gain Upside Technical Momentum

From our friend Jim Wyckoff

Jim has an excellent daily newsletter where he reviews different markets, alerts you for potential trades and much more. Included is his great bi-weekly newsletter with charts and a little longer term outlook. We recommend checking out his website, educational CDROM, and services at www.jimwyckoff.com click on image below to enlarge

The U.S. T-Bond futures bulls have gained upside near-term technical momentum as prices this week notched a two-month high. See on the chart that price action recently could be forming a bullish "rounding-bottom" reversal pattern. Recent price action does suggest a market bottom is in place.

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3. Economic Calendar

Source: Moore Research Center, Inc.

Date	Reports	Expiration & Notice Dates
09/30 Mon	8:45 AM CDT - Chicago PMI(Sep) 11:00 AM CDT - Grain Stocks 11:00 AM CDT - Small Grains Summary	FN: Oct Copper(CMX) Oct Silver(CMX) Oct Gold(CMX) Oct Platinum(NYM) Oct Palladium(NYM) Oct Soybean,Soyoil(NYM) LT: Sep 2,3,5 Year Notes(CBT) Sep Fed Funds(CME) Oct Heating Oil(NYM) Oct RBOB Gasoline(NYM) Oct Sugar-11(NYM) Sep Fed Funds Options(CME) Oct Lumber Options(CME)
10/01 Tues	9:00 AM CDT - ISM Index(Sep) 9:00 AM CDT - Construction Spending(Aug) 1:00 PM CDT - Auto & Truck Sales(Sep)	FN: Oct Sugar-11(NYM) LT: Sep Butter(CME) Sep Milk(CME) Sep Butter Options(CME) Sep Milk Options(CME)
10/02 Wed	6:00 AM CDT - MBA Mortgage Purchase Index 7:15 AM CDT - ADP Employment Change(Sep) 9:30 AM CDT - API & DOE Energy Stats 3:00 PM CDT - Dairy Product Sales	FN: Oct Heating Oil(NYM) Oct RBOB Gasoline(NYM)
10/03 Thurs	6:30 AM CDT - Challenger Job Cuts(Sep) 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - USDA Weekly Export Sales 9:00 AM CDT - Factory Orders(Aug) 9:00 AM CDT - ISM Services(Sep) 9:30 AM CDT - EIA Gas Storage 3:30 AM CDT - Money Supply	LT: Sep Copper(CMX) Sep Silver(CMX) Sep Gold(CMX) Sep Feeder Cattle(CME) Sep Palladium(NYM) Sep Platinum(NYM) Oct Natural Gas(NYM) Sep Feeder Cattle Options(CME)
10/04 Fri	7:30 AM CDT - Nonfarm Payrolls(Sep) 7:30 AM CDT - Unemployment Rate(Sep) 7:30 AM CDT - Houryly Earnings & Ave Workweek(Sep)	LT: Oct Canadian Dollar Options(CME) Oct Currencies Options(CME) Oct US Dollar Index Options(ICE) Nov Cocoa Options(ICE)
10/07 Mon	2:00 PM CDT - Consumer Credit(Aug)	FN: Oct Live Cattle(CME)

* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.

** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

*** This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!