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Monthly Archives: October 2010
October 11, 2010
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Gold and Crude Oil Futures wedge pattern day trading strategy
Today is a holiday with the bond markets closed, so it’s a little tough to know what to expect. We usually see decent volume, but the volume is definitely going to be lower than usual. Low volume days require a little more patience, and waiting for the best time to trade. – Increasing speed – […]
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Fast Track Day Trading Method Review from SchoolOfTrade.com
– FAST Track Entry rules o What to watch and when Do I have enough room? Momentum looking perfect? Speed of the tape increasing? Big money to support my trade around my point of entry New trader stay patient for the best patterns, and avoid the marginal patterns – AVERAGE […]
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Wedge Pattern On Gold Shows Two Trading Opportunities.
Gold Futures: 1025am est – Gold futures trading at the highs of the wedge pattern, so we have two options for trading opportunities: o I can trade the breakout above 52.6 with profit targets of 54.0, 57.0, 58.5, and then 62.0 for the hard final target. o I can sell the highs of the wedge […]
Continue reading October 8, 2010
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Failure Pattern Day Trading Strategy on Crude Oil and Gold Futures
We finished off a HUGE week in our live trade room, earning over $10,000usd this week alone, and over 260 ticks again today! The day started with a BANG at 830am with news, and we were looking for patterns until 1130am. Sideways trading ranges may be tough for some traders, but we LOVE it when […]
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Sideways Markets Dollar Index Day Trading Strategy
– Sideways dollar to trade sideways markets o When the dollar index trades flat, everything else trades flat o When the dollar breaks, other markets break o Dollar has a negative correlation o Here’s how to use it: Open the 13-range on the dollar • Is it trending? If so, look for trades on […]
Continue reading October 7, 2010
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Big Profits for day trading Crude Oil and Gold Futures Strategy
Trade room notes 10-07-10 – The dollar index futures tell us a few things: o Outside day means we have good potential today o Sideways trading range means we need to bracket the highs and the lows, and simply wait for the break 830am jobless claims news is out – Very little reaction, this is […]
Continue reading October 6, 2010
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Sideways market strategies for day trading crude oil and gold futures
820am EST – I’m watching the dollar index futures on a 13-range chart and we see the following o We are still in the strong downtrend on the dollar o We have an outside trading day, trading below the range from yesterday o The trading range today is VERY narrow, which is concerning o We […]
Continue reading October 6, 2010
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Sideways market strategies for day trading crude oil and gold futures
Sideways market strategies for day trading crude oil and gold futures
Continue reading October 6, 2010
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Day Trading with Divergence Momentum Speed and Price Action
– Divergence in Price, Momentum, and Speed o Divergence is a term we use to describe when two things are going in opposite directions Example: • Price rises and momentum falls • Price rises and speed falls • Price rises and big sellers o I believe that divergence is a sentiment tool, NOT a […]
Continue reading October 6, 2010
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Challenging Day Reveals Great Trade Opportunities
The euro futures are trading sideways at the highs of the trading range from earlier this week so we have 2 options. Buy the breakout above 78 My final target will be the trend line (blue) overhead around 90’s Sell short with reversal pattern below 54. Profit targets of 45, 35, soft 20 and hard […]
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