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Monthly Archives: September 2010
September 15, 2010
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Day Trading Scenario: $20,000 What Are My Trading Options?
– Trader’s Scenario: o Trading Gold, Russell, Crude on 13r chart (day trade & swing trade) Stops and targets will be variable Average stop = 20 ticks o Currencies, Euro, Pound, Yen on 8R chart (scalping) Stops and targets will be the same • 8-12 tick stop • Targets = 8/16/Runner (8tick […]
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Reversal Pattern On Crude, Gold Trading Sideways At All Time Highs
Gold Futures: – Gold Futures are trading sideways at the all time highs, and we cant do very much b/c the only opportunity to buy is right in the middle of this narrow trading range. o Best option on gold is to wait for the re-test of the highs or the lows and look to […]
Continue reading September 14, 2010
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Dollar Index told me to buy Gold and Euro Futures for 166 ticks
– Gold futures are trading on higher volume than on Monday, and we see the market continuing to show support at the bottom of the channel pattern, heading back to its all time highs of 1264.7 – Crude Oil futures are trading off the highs of the wedge pattern this morning, giving us an easy […]
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Dollar Index told me to buy Gold and Euro Futures for 166 ticks day trading profits
Dollar Index told me to buy Gold and Euro Futures for 166 ticks day trading profits
Continue reading September 14, 2010
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Best way to define support and resistance for day trading, scalping and position trading futures
Questions: – Different ways of defining support and resistance o Use a slower chart timeframe first to define the most high percentage areas on my chart. Add trend lines • Looking to define a wedge, channel, horseshoe pattern Find a sideways market / trading range • There may NOT be one • Find […]
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Crude Trades Look Promising For Afternoon Trading Session
Crude Oil Futures: – We’re still trading at the highs of the day on our 34-range chart (swing trading), but we can see a massive head and shoulders pattern, which gives us an easy short entry below 76.50 o Profit targets will be ½ @ 37, ¼ @ 76.05, and ‘soft’ target of ¼ @ […]
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Crude Oil Futures day trading scalping and swing trading for tomorrow
Hi guys! congrats to everyone making money with us today in our live trade room! We can see some great trading opportunities on crude oil futures tonight, lets review these and make some money today! im going to start with my slower charts first, give you a bird’s eye view of the market, and then […]
Continue reading September 13, 2010
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Sideways Markets Strategy for Euro and Crude Oil Futures
Today’s trade room notes… – We have contract rollover from last week we need to catch up with – E-mini roll over quarterly – Gold Futures rolls over every other month (semi-monthly) – Crude Oil Futures rolls over every month (monthly) – We moved our charts forward to the 12-10 contract for the e-mini’s and […]
Continue reading September 13, 2010
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Euro Futures’ High of Day Reveal 2 Trading Opportunities
Euro futures: – We have the euro trading at its high of the day, so we are looking for 2 trading opportunities: o Selling short below 2790 for a 2-step reversal, taking profit at 83 (1/2), 65 (1/4) and then final at 47 (1/4) o Buying long above 2844 with profit targets of 68 (1/2), […]
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