Archive
Monthly Archives: September 2010
September 28, 2010
- in Uncategorized by schooloftrade
Crude Oil Futures giving us plenty of swing, day and scalping opportunities
hi guys, another exciting day to be a trader, hope you had a wonderful day as well 🙂 im watching crude oil this evening because its giving us some nice slower timeframe patterns which are easy to get into and easy to manage for maximum profits. im opening my 34-range chart and looking at a […]
Continue reading September 27, 2010
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200 Total Ticks: Euro and Crude Oil Earn Big Profits
830am EST – The dollar index futures trades at new lows continuing the downward trend in the dollar index futures we saw earlier this month – When the dollar makes new lows we also expect the markets we like to trade to RISE, or at least attempt to test new highs. – The euro futures […]
Continue reading September 27, 2010
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Day Trading Technique: Buying Lows & Selling Highs
– How do we buy the lows and sell the highs o Step1 = define your sideways range  Auto levels indicator does this for you  Look for 2-tops and bottoms as easy targets for the highs and lows o Step2 = look for the test of the highs/lows  Needs to be as […]
Continue reading September 27, 2010
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Grab The Reversal On New Crude Lows
Crude Oil Futures: – Crude oil futures on the 13-range chart is setting up for a reversal pattern off these new lows. – We call this the fast track method using the 2-step reversal pattern, and will use entry above 76.07 (big round number) with target of 10 ticks and a stop of 10 ticks […]
Continue reading September 24, 2010
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Dollar Tumbles and Gave Me a Great Short Entry on Crude Oil and Gold
830am EST – We have durable goods orders at 830am EST – This is one of my ‘big 3’ news events for the pulse of the US economy o Durable Goods = heavy machinery, products, parts, made in big warehouses o Jobless Claims = number of people filing for benefits o Nat Gas Inventories = […]
Continue reading September 24, 2010
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Identify the Trading Day Ahead of Time With This Proven Technique
– Determining if today will be a challenging day o News events  Events today • Anything late in the day today • FOMC announcement • Meeting minutes • Fed chairman speaking  Events later this week • Is there anything end of the week people may be waiting o Check the Dollar Index  […]
Continue reading September 24, 2010
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Sell Highs on Gold and Crude Oil for +50 ticks
Gold Futures: – Watching the gold futures for a breaker long above 1301.6, and a 2-step short below 97.2  Gold Futures Day Trading Euro Futures: – Euro futures at the lows of the slower timeframe (34range) which tells us the buy-side is the better side to be trading right now – I open my 13-range […]
Continue reading September 23, 2010
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Sold highs on Gold, buy the lows Euro and Crude Oil Goes Crazy
815am EST – Crude Oil futures have broken the lows of the bullish channel on the 34 range chart, and now we have multiple trading opportunities: o Swing traders need to see a new pattern short below 73.84 o Day Traders can sell short using a faster timeframe anywhere they see a pattern below 84 […]
Continue reading September 23, 2010
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Russell Currently Trading Sideways, Watch For Breakout.
Russell Futures: – E-mini Russell futures are trading sideways, but we can see some nice open space above this sideways range so im looking for a breakout trade opportunity at the highs. – Long above 659.3 with profit targets of 61.5, 65.0 and 67.5 (prev hod)  Russell Futures Day Trading  Crude Oil Futures: […]
Continue reading September 22, 2010
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Sell Highs on Gold, Dollar Correlation helps buy the Euro and Crude Oil sells off
830am EST – Most of the markets are still recovering from the FOMC announcement yesterday. – Gold futures trading at all-time highs, top of the channel pattern, and we can see a sideways range from 1296.5 down to 1290.1 o Im looking to buy the lows and sell the highs of this range for day […]
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