Archive
Monthly Archives: November 2010
November 30, 2010
- in Uncategorized by schooloftrade
Don’t make this mistake Day Trading Crude Oil and Gold Futures
845am est – The dollar index is trading at the highs of the price channel, so we expect the price to drop off these highs – Look to buy at support on the gold, euro, Russell, crude oil when the dollar is dropping off resistance – We have slow speed going into the US OPEN […]
Continue reading November 30, 2010
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Day Trading the News Strategy; Crude Oil, Gold, Euro and Russell Futures
– Day Trading the News o Pros We all can easily see the biggest moves come from news releases o Cons Tough to predict what the market reaction will be Lack of liquidity around the times when the news is released can be VERY dangerous to trade around. • Tough to get […]
Continue reading November 30, 2010
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Day Trading Morning Prep: Crude Oil, Gold, Euro and E-Mini Russell Futures
Trade Room is OPEN Click here to enter the trade room Click here for help registering for your trial Gold Futures: click to enlarge Our 55-range chart shows a well defined bullish price channel, and we are coming off the highs of this channel at 1374.5 The best option when trading a price […]
Continue reading November 24, 2010
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Day Trading the News; Trade what you SEE not what you THINK
We have multiple news events at 830am this morning, so it’s going to be more difficult to read the news as well as we usually do. Jobless Claims and Durable Goods at 830am, we have 2 major events that need to be addressed. So how do we trade it? We wait for the MARKET to […]
Continue reading November 24, 2010
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Wave Patterns and using our Trigger Zones; 4-Range Trading Tunnel Vision
– Trigger Zone Trading Strategy o Tells us when the WAVE PATTERN is going to be a winner or not If its inside the ‘zone’ the pattern is HIGH % If the pattern is above/below the ‘zone’ this will be a higher risk trade. – Does the 4-range develop ‘tunnel vision’ for day […]
Continue reading November 23, 2010
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Dollar Index Curve-ball, Tape Reading made profit on Gold and Crude Oil Futures
815am est – The dollar index is trending UP this morning o Wide trading range o Speed is slow, but its still early o Average true range is steady, not at the lows, but not at the highs, again, its still early, this will improve with 830am news. o Lots of overhead resistance levels as […]
Continue reading November 23, 2010
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Buying Gold; long and short term strategies for technical day traders
– Buying/Selling/Holding Gold Futures o Our relationship with gold is a little different than most people Fundamentals = printing money at a record-breaking rate = buy gold Technical = at the all-time highs = sell the highs o So we know we should be bullish on the gold b/c of the monetary policy […]
Continue reading November 22, 2010
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Wave Patterns sell the highs on Crude Oil Day Trading Strategy
825am est – Lets get our week started with the news today: – Crude oil futures in the middle of the sideways wedge pattern o Higher risk trades come in the middle o Lower risk trades (high %) occur at the highs or the lows of the wedge. Wait for the market to give […]
Continue reading November 22, 2010
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Day Trading for Beginners; Easy way to learn patterns, 1-contract strategy, Divergence, Multiple Timeframes.
– Email JJ@SchoolOfTrade.com for a copy of the beta version o Train on this next week o Both 6.5 and 7.0 will be available. – Using the Divergence method with the Fast Track o Divergence Method: o The goal is to get more accurate filters for our fast track entries Fast Track = 65% […]
Continue reading November 19, 2010
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Biggest Weekly Profit of 2010 Day Trading Gold and Crude Oil Futures
Hi guys! We finished a record-breaking week in our live trade room with another day of profits and lots of opportunity to learn our trading methods. We earned over 200 ticks every day this week, and we did this with simple patterns, and attention to simple rules, patience, and discipline. Today was OPEX, so it […]
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