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What is commodity futures day trading? Day trading strategies are unique mechanical methods of entering a liquid commodity market early in the trading day and exiting some time later in the same day to make a profit. Keith Fitschen has developed a family of day trading strategies for the commodity markets that use the same basic market principle for consistent profit. The basic methodology uses multiple time frame analysis to determine the likely trend of each market at the beginning of the trading day. When the likely trend is determined, entry is made in the direction of the trend. The trade exit is made in one of three ways: a stop loss point is reached (and the trade is a loss), a profit target point is reached (and the trade is a windfall), or the exit is done at the end of the trading day, usually for profit.
Keith Fitschen’s commodity futures day trading methods are used on the most liquid commodities in each group: for grains, wheat and soybeans can be traded; for mild ones, you can change to brown; for currencies, yen and euro can be traded; because metals, copper, gold and silver can be traded; for energies, crude oil, fuel oil and reformulated gas can be negotiated; for financiers, 10-year notes can be traded; and for stock indices, the S&P 500, the Russell 2000 and the German DAX can be traded.
Traditionally, the problem with futures day trading strategies has been transaction costs: slippage and commission. These costs severely affected the profits that could be made in a day trade. But with the advent of deep discount brokers and electronic trading, the commission for a trade can be less than $10, and slippage for a trade can be as low as one or two ticks. This evolution has caused several successful trading system designers to promote day trading strategies. Keith Fitschen’s strategies are unique in that they use the same market approach in all groups and because the strategy “works” in all liquid commodities. This type of day trading generates an average profit per trade of around $150 on all commodities and a winning percentage of around 55 percent.
Typically, successful day trading strategies have been sold to the public for $3,000 or more. This high entry bar reduces the funds available to trade for a typical trader. Keith Fitschen’s day trading strategies are offered for a monthly rental fee. This allows a trader to avoid the large upfront expense and spread it out over a long period of time, while retaining the right to stop at any time. This means of gaining access to trading signals is definitely an advantage over the traditional approach.