Lumen Futures
Blog
Market notes, program updates, and the occasional look behind the curtain at how a futures funding firm actually runs.
- Getting Started
- Trading Strategies
- Technical Analysis Patterns
- Risk & Psychology
- Platforms & Tools
- Funded Trading
- Rules & Regulation
Getting StartedOctober 11, 2026How Does a Trailing Stop Work in Futures?
A trailing stop keeps a set distance behind the market and is not repriced when price turns back; neither of the two CME pages listing the Globex order types includes it, so something between you and the exchange computes every move.
- Technical Analysis PatternsOctober 10, 2026
Do Candlestick Patterns Work? What Two Studies Found
Two studies read for this post ran candlestick rules against a bootstrap significance test: on Dow component stocks nothing came back significant, and on three CME currency futures contracts only a handful of forms did.
- Platforms & ToolsOctober 8, 2026
What Is a Continuous Futures Contract? Rollover, Back-Adjustment and the Prices You See
A continuous futures contract is a chart series stitched together from expiring contract months, and back-adjustment shifts the older prices by the accumulated settlement differences at each roll, so the history you are reading is not what the market printed.
- Getting StartedOctober 7, 2026
Open Interest vs Volume in Futures: What Each One Counts
Volume counts the futures contracts traded in a period and open interest counts the ones still open, so here is how a single trade moves each, what 17 CFR 16.01 makes a reporting market record and publish, and why open interest only arrives a business day after the session.
- Getting StartedOctober 6, 2026
Tick Size vs Tick Value in Futures: What One Tick Is Worth
Tick size is the smallest increment a contract may trade in; tick value is what that increment pays. One multiplication connects them, and it explains why a smaller contract sometimes has a larger dollar tick.
- Trading StrategiesOctober 5, 2026
What Is Curve Fitting in Trading, and Why Do Backtests Stop Working?
Curve fitting is tuning a strategy until it matches the particular history it was tested on, and the research on it puts numbers to how fast that happens: ten variants of an idea with no edge are expected to hand you one with an in-sample Sharpe ratio of 1.57 and nothing out of sample.
- Platforms & ToolsOctober 4, 2026
What Is a Volume Profile?
A volume profile is a histogram of how much traded at each price over a chosen period, and the point of control and value area it draws are both the output of the platform's own arithmetic.
- Rules & RegulationOctober 2, 2026
What Is Spoofing in Futures Trading, and Where Is the Line?
Spoofing is entering a bid or offer you mean to pull before it fills. The federal spoofing prohibition turns on the intent you held when the order was entered, which is why a good-faith cancellation is ordinary trading and a knowing violation is a felony.
- Risk & PsychologyOctober 1, 2026
What Is Revenge Trading? What the Evidence on Trading After a Loss Actually Shows
Revenge trading means adding size or trades to win back a loss in the same session, and a study of CBOT Treasury bond pit traders measured how much more risk losing traders took that afternoon.
- Technical Analysis PatternsSeptember 30, 2026
What Is a Triangle Chart Pattern, and What Did Testing Find?
A triangle is a run of swing highs and swing lows that squeeze toward each other. One study of US stocks defined it tightly enough to count, and found a random walk produced almost as many as real prices did.
- Platforms & ToolsSeptember 29, 2026
What Is Cumulative Delta in Futures Trading?
Cumulative delta is a running total of bid-versus-ask volume, and the platform documentation behind it shows why the number depends on where the count started and not only on what the market did.
- Funded TradingSeptember 28, 2026
What Is a Trailing Drawdown on a Prop Firm Account?
A trailing drawdown is a loss line that follows your account upward and never comes back down, and the arithmetic of where it sits decides how much room you have on any given morning.