Archive
Monthly Archives: September 2010
September 30, 2010
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Day Trading Gold Crude Oil and Russell on Jobless Claims and GDP News
– Dollar index futures are showing a lot of movement this morning ahead of the 830am news – The dollar broke the highs and the lows from the trading range yesterday, making this an ‘outside trading day’ – This type of price action on the dollar is usually going to mean decent trading ranges and […]
Continue reading September 30, 2010
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Day Trading 1 Contract Strategy
1-contract day trading strategy Let’s begin by comparing two types of day trading strategies: 1 contract trading: • All Set-Ups OK • All Markets OK • Risk/Reward = 1:1 • Initial Stop: Tighter • Targets: Only 1 • Trade Management: None. • Objective: 2 Contracts 3 Contacts traded: • All Set-Ups OK • All Markets […]
Continue reading September 30, 2010
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Looking To buy Lows and Sell Highs on Crude
Crude Oil Futures: 1015am EST – Crude oil futures are falling asleep on us right now trading sideways after the big jump up to 79.50 – The best options on crude oil are to wait to buy the lows and sell the highs. – Buy the trend line as support around 79.00 and I will […]
Continue reading September 30, 2010
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crude oil making new highs and the euro trading sideways futures trading strategies
We’ve had an exciting day today in the markets we trade; crude oil, gold, e-mini russell and of course we cant forget the mighty euro currency future. we’re expecting news at 830am EST tomorrow regarding the GDP and Jobless Claims, so im expecting some action tonight while people prep for tomorrow and then be sure […]
Continue reading September 29, 2010
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Fake-Out Breakout Fooled Me Once, Not Twice.
815am EST – The dollar index futures are showing three distinct characteristics, giving us clues to the day ahead: o Narrow trading range compared to yesterday (very narrow) o Trading in a range below the trading range from yesterday (not inside day, its an outside day) o Trading at the lows of the channel (buy […]
Continue reading September 29, 2010
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Hard vs. Soft Profit Targets and Trade Management Strategies
– Soft vs. Hard Target o Soft target is where I am content to take profit, but im looking for reasons to extend the runner Looking for 3 signs of price reversal Looking for the price to bounce off this target, which is why I will take all my profit at this time. […]
Continue reading September 29, 2010
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Sideways Markets Reveal Trade Set-Ups On Gold and Crude
Gold & Crude Oil Futures: -We have news @ 1030 crude oil inventories and im watching gold futures on a 13-range chart which is perfect for day traders, scalpers, and swing traders – We have the gold trading sideways just below the highs, so we have 2 options: o If the buyers take control we […]
Continue reading September 28, 2010
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10:30 Reversal Confirms Buying Opportunity for Russell
815am EST – Dollar index futures are trading flat and sideways after a move to the upside failed earlier today. – While the dollar is sideways we set the highs and lows with price alert indicators to make sure we are aware of the market when it breaks out. – The dollar sideways = everything […]
Continue reading September 28, 2010
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Trading Psychology & Live Day Trading Crude Oil Futures
– Psychology of a Professional Trader o Discipline cycle workshop in the advanced course, section 4 on emotions o Whats the difference between a good trader and an excellent trader? o Whats the difference between a profitable trader and a losing trader? The differences are the EMOTIONS that can either help or hurt a […]
Continue reading September 28, 2010
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Two Trading Options For Crude Oil Right Now
Gold Futures: We have the gold futures at the highs of the day again, so we have 2 options o Buy the highs above 08.8 but this will be higher risk o The better option will be to sell these highs below 1305.6 with targets of 2.9, 2.0, and then down to the top of the […]
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