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Trading Lessons Futures U.S. Treasuries Anthony Crudele Dan Hodgman Topstep Moment

Trade Settlements Like a Pro: Topstep Moment of the Week

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Topstep performance coach Dan Hodgman made his triumphant return to the Trading Futures with Anthony Curdele show last week to discuss his old friend, the 30-year Treasury Bond future. Diving into the charts, he will show you to frame the market and make smart trades around settlement prices like a pro. 


Dan offers 3 takeaways for those looking to trade around settlement prices:

The floor is gone, but settlement price is still important

So much about trading has changed over the past two decades,  and even though the trading pits mostly sit empty, the settlement price still weighs heavily on the overnight markets. Don't make the mistake of thinking this level is irrelevant in the days of 24/7 electronic trading. Settlement price still matters. 

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Know the prior day’s settlement for any product you trade

Quick, where did Crude settle yesterday? Hopefully, you were able to answer that lighting quick if you trade energy. Whatever product you trade, you should know the settlement price like it's the day of the week. You wouldn't want to miss an entry just because you were slow trying to navigate the CME website. 

Settlement can be a magnet or a springboard 

Pay close attention to the price action and volume as a product approaches its settlement price. Settles will tend to act as a magnet for overnight extremes, but when it breaks through, look out.  Breaching this level can propel futures to brand-new highs or lows. 

Have your own Topstep moment you would like to share?  Let us know in the comments.

Posted by TopstepTrader on July 30, 2019
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