Archive
Monthly Archives: August 2010
Monthly Archives: August 2010
Hi guys! Automated trade management strategies are vital to our day trading success, lets review how to set them up correctly. I want a trade management strategy that will achieve three basic objectives: 1. Place my stops and targets correctly when I enter a trade 2. Manage my stops and targets while I am in […]
Continue readingWe earned over 145 ticks on the Russell today, and that could have easily been well over 200 ticks because we had to skip one of the trades due to low volume. The Russell gave us a nice wedge pattern today, did you see it? We used this simple pattern to earn almost all of […]
Continue readingDid you know that most moves in the market come in 3’s? What does that mean? It means that when we see the market trending, I will look for 3 opportunities to trade with the trend, and then the 4th opportunity to trade with the trend I will look for a reversal instead. This simple […]
Continue readingCrude Oil Futures: We have two different opportunities on the 13-range chart, using the basic fundamentals we found on the 34-range chart. (at the highs of the range, looking for a short entry, or a breakout above) Entry long above 82.47 if we can continue with the trend up from yesterday looking for profit at […]
Continue readingDid you see the first trade of the day today? It was a Loss @ 900am EST Did you see the second trade today? It was a 140-tick winner @ 903am EST So how did I know to reverse my position and get long for this monster winner? It was simple..but you had to watching […]
Continue readingDuring these times we see slower speed of the tape, less volume, and certainly fewer opportunities to trade with. That didn’t slow us down at ALL today, we spotted a great breakout pattern on Crude Oil and we got long for an amazing 143 tick winner today, and to make it even more impressive, it […]
Continue readingI’m using tick charts and the Pace of Tape Indicator to predict price reversals, and its REALLY easy to learn…and VERY exciting to use. We also covered topics including our Fast Track method and the ways we use multiple timeframes to help scalpers always get the best trading opportunities. – How large of an […]
Continue readingCrude Oil Futures: We are long from 80.55 on crude oil using a breaker long entry on the 13-range. We’ve already taken our first 2 of 3 profit targets, and we are holding to 81.50, which is our final target using the AB=CD pattern. Crude Futures Up-Date: 1050am EST Looking short below 81.18, and looking […]
Continue reading