Archive
Monthly Archives: October 2010
October 15, 2010
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Day trading strategy for CHOP ZONE Sideways Low Volume Flat Markets
– Chop Zone Trading o Is the center 1/3 of the sideways range Define the range with double-tops and double-bottoms Auto-levels indicator does all of this for me! o speed analysis in the chop zone o divergence o how we make money with chop zone – So why can we buy/sell the breakouts, […]
Continue reading October 15, 2010
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gold trading in a clear channel pattern
notice the use of trend lines
Continue reading October 14, 2010
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Crude Oil and Gold Futures Day Trading Sideways Markets Strategy
Our morning routine begins with the following: • Check the news for today • Now lets begin looking at the markets today • I use multiple timeframes o Slower timeframe shows me the bigger picture Weekly highs and lows Major levels of support/resistance I can find the best locations to trade […]
Continue reading October 14, 2010
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Start day trading without losses on gold, crude oil and Emini Russell futures
– How do I start my day without a losing trade? o Every day I started with a big hole to dig out of. o I was spending hours on market prep, getting 100% prepared for the day ahead, and then I would ignore that and take the first move the market gives me! – […]
Continue reading October 13, 2010
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Emini Russell finishes profitable day trading strategy and gold futures tests all time highs
Going through our morning routine… 1. Check your news for the day ahead 2. Look at your charts, slow timeframe first, faster timeframe second 3. Start with the dollar index 4. Then move to other markets that are moving this morning a. Crude oil b. Gold c. Russell @ 930am d. Euro e. Aussie f. […]
Continue reading October 13, 2010
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Price Reversals, Pullbacks & Retracement Day Trading Strategy
– Qualifying pullbacks/retracements o Buying pullbacks/selling reversals are the most efficient way of earning income Selling as the price is rising, gets me the best fill and im short above the highs which is the best location I will also use overhead resistance levels to support my trade short. o Ways I can […]
Continue reading October 13, 2010
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Day Trading: Gold Futures Break All Time Highs
Gold Futures: 1030am est – Gold futures are back at new all-time highs, which means the breakout trade long will be higher risk (we don’t buy the highs, we sell the highs) – Looking for a reversal trade short I have two options o More aggressive entry below 67.5 will take your entry as close […]
Continue reading October 13, 2010
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Crude Oil Trend Lines On 34 Range Chart
Here’s a great example of what our slower timeframe looks like with our basic trend lines. This uses the auto levels indicator.
Continue reading October 12, 2010
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Wedge Pattern Divergence Day trading crude oil futures
FYI to our members! I’ve added the “divergence rules” to our entry rules cheat sheet. Available for download in the advanced course section at the top. “Entry Rules Cheat Sheet” 820am est – Dollar index futures have 3 key components to look at today o Wide trading range o Outside day, turned back into an […]
Continue reading October 12, 2010
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Looking For Break Out Pattern On Euro
Euro Futures: 1000am est – The euro futures sitting on the lows of the trading range and the lows of the wedge pattern and im looking at a very slow and sluggish market. – We want to buy these lows around 1.3800 to take advantage of the highest percentage opportunities. – We have 2 options […]
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