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Hand Signals-1
Hand Signals-2
Hand Signals-3
Financial Safeguards

Expiration Months

There are futures contracts for every month of the year
most of which have standard hand signals.

January February March, (wiggle fingers)

June July, (point to eye)

August, (rub forehead) September

December

Market Signals

The remaining signals represent various commands. The "filled" signal denotes that the order has been completed in its entirety. The "working" signal means that the broker has not filled the order but is still attempting to do so. In addition, the "working" signal is used, along with a report of a partial fill, to indicate the broker is still attempting to fill the balance of the order. The "stop" signal means the order is a stop order. A stop order is activated when the price of the contract reaches a certain level. At this point, the stop order becomes a market order and the broker must attempt to get the best price when filling it.

A stop order can be used to enter or exit both long and short positions. For example, if you are long and fear the price dropping drastically, you can issue a stop order which would be activated when the contract drops to a given price. It then becomes a market order that the broker will attempt to fill before the price drops even more (the broker may sell at or below the stop price to fill the order). Likewise, a short can issue a buy stop order if he fears the price will rise. "Out/cancel" communicates that the order has been canceled.

Last Lesson

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The Rules and Regulations of the different Commodity Exchange should be consulted as the authoritative source for information, rules and contract specifications.

PLEASE NOTE THAT THERE IS AN INHERENT RISK OF LOSS ASSOCIATED WITH TRADING FUTURES AND OPTIONS CONTRACTS. EMPLOYEES OF FUTURES TECHNOLOGY, LLC PROVIDE INFORMATION BASED ON SOURCES WE CONSIDER RELIABLE, BUT THERE IS NO GUARANTEE THAT THE INFORMATION WE PROVIDE WILL RESULT IN PROFITABLE TRADES. PLEASE CAREFULLY CONSIDER YOUR FINANCIAL CONDITION BEFORE INVESTING IN FUTURES AND OPTIONS CONTRACTS.  FUTURES TRADING IS NOT SUITABLE FOR ALL INVESTORS.

PAST PERFORMANCE IS NOT NECESSARY INDICATIVE OF FUTURE RESULTS.

This Site is Designed, Built and Maintained by Jerry Hodges
Copyright © Futures Technology 2008, All rights reserved.
Revised: 22 February, 2008