Archive
Monthly Archives: January 2010
Monthly Archives: January 2010
SchoolofTrade.com Daily Commentary 01-28-10 Today was a challenging day in the markets, well, it started out that way, but it soon got pretty easy once the day began to develop. We opened the charts @ 745am EST and noticed the following: • Red Pace of Tape Indicator, slow price action • Wide Trading Ranges: High […]
Continue readingQuiz #7 Hidden divergence is when…? A.) Price makes new highs, indicator does not. B.) Indicator makes new lows, price does not. C.) Price makes new highs, and indicator does at the sam time. Please watch the video first, then leave a comment with your answer! Leave first name and last initial; […]
Continue readingSchoolofTrade.com Daily Commentary 01-27-10 FOMC DAY! Today was FOMC Day, which is the day in which the Federal Reserve announces if they will be changing interest rates for the United States. This type of news event is a MAJOR event that literally determines the entire day of trading activity. FOMC days are always on Wednesdays, […]
Continue readingSchoolofTrade.com Daily Commentary 01-26-10 Another great day of trading in our LIVE TRADE ROOM! Today was Tuesday, and we had a big day trading yesterday, so we knew we had some room to breathe for the week, but we didn’t want to get sloppy and make a mistake. We opened the room @ 745am EST […]
Continue readingSchoolofTrade.com Daily Commentary 01-25-10 We opened our week today with another profitable day trading futures! Today was Monday, we expected it to take a little longer to get moving this morning, just like everything on a Monday, we wait for people to get into work and get started for the week! So we had to […]
Continue readingSchoolofTrade.com Daily Commentary 01-22-10 What an amazing week in the live trade room! Another week filled with winners & PROFITS! We had a few moments this week that were tough.. We had to get passed the Martin Luther King Holiday on Monday On Tuesday we started the day with a LOSS, and had to overcome […]
Continue readingWe made over $1000 today in the live trade room on only 4 contracts. We took our first trade of the day on the Gold, and honestly, we jumped the gun a little. Yes, we are all human, and sometimes we make mistakes. The pattern looked perfect, we had lots of support from the BIG […]
Continue readingSchoolofTrade.com Daily Commentary 01-19-10 Another GREAT day in the LIVE TRADE ROOM! The day started off with a very slow and sluggish market…it looked like a Tuesday, but it FELT like a Monday! Remember, we didn’t have any action on Monday (yesterday) b/c of the MLK Holiday, so we were eager to get back into […]
Continue readingSchoolofTrade.com Daily Commentary 01-18-10 Today was Martin Luther King Jr. Holiday here in the United States, which meant Bond & equity Markets were closed or closed early today. Whenever you have a day with a Holiday, you will typically see less-than-desirable trading volume and will want to use EXTRA caution. Most professional traders will opt […]
Continue readingSchoolofTrade.com Daily Commentary 01-15-10 We didn’t really know what to expect on Friday, except for some slightly lower volume due to the Holiday coming on Monday, however, any concern over what the day looked like was answered soon after we opened our charts. What we saw was an example of what most new traders MISS […]
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