Archive
Monthly Archives: November 2010
November 11, 2010
- in Uncategorized by schooloftrade
Gold Trading Sideways at the Highs and Crude Sets Up for a Fall
Lets take a look what gold and crude oil are doing right now so we can prepare for tomorrows price action. (remember that tomorrow is Veterans Day, markets are open, and so are we) There’s no news tomorrow, so no catalysts to prepare for, lets look at the crude oil chart first. Starting with the […]
Continue reading November 10, 2010
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Day Trading Gold Futures for record-breaking profits
Veteran’s day on Thursday there is NO NEWS tomorrow, but the markets are open, we are open as well, and all the news for Thursday is now today, Wednesday 815am est Lets start our day with the dollar. – Fundamental correlation – Everything settles in the dollar – World reserve currency – If I buy […]
Continue reading November 10, 2010
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Dynamic Support and Resistance for Trading Crude oil, Gold, E-Mini and Euro
– Trigger Lines and ways to use them to make educated decisions o Trigger lines on every chart that I use o Dynamic, always changing o Use it for many reasons Flat trigger line = no trend / sideways market Slope to trigger line = direction of the trend / moving market Used […]
Continue reading November 10, 2010
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Day Trading Opportunities On Crude Oil And Gold Futures
I’m watching gold and crude oil futures on multiple tiimeframes and we have some great trading opportunnities to watch right now. Lets start with gold futures: click to enlage Gold is trading in a slightly bullish channel right now on this 34 range chart. we have two options for this trade; play the breakout or […]
Continue reading November 9, 2010
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Easy Day Trading Opportunity on Gold and Crude Oil Futures for sideways markets
The first thing I want to do is check my news this morning, and avoid trading around the news and looking for opportunities to trade after the reaction to the news. 800am est – Check the dollar index futures to see where we are o New overnight highs breaking the previous highs from FOMC Day […]
Continue reading November 9, 2010
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Crude Oil setting up for price reversal
hey guys, im watching crude oil right now and you can see we’re at the highs of our price channel. my entry short needs to be below 86.00 and im taking 1/2 my trade off at 85.00 and the 2nd half at 84.10. I can see plenty of support at 84.00 and its about […]
Continue reading November 8, 2010
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Divergence Indicator day trading strategy for Crude Oil and Gold Futures
830am EST – Dollar index is giving us some mixed signals today o Concerned because Low average true range Still in the trading range from FOMC Day Low speed on the POT Indicator o We are excited about: Wide trading range (relatively) Moving market Overhead resistance (support) We’ve […]
Continue reading November 8, 2010
Day Trading Strategies for New/Beginner Traders
– New Divergence Method – When do I use the Pink line on my Trade Management Chart? When do I leave the stop alone? o Look for divergence, and then tighten the stop – What’s the best way to learn these patterns? – AB = CD Pattern – How do you find your Support and […]
Continue reading November 5, 2010
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Trend Reversal Day Trading Patterns Gold and Crude Oil Futures
We have non-farm payrolls @ 830am est this morning so we’re setting up charts looking for the best opportunities The dollar index is where we begin, and we can see the following – Middle of the trading range from Wednesday’s FOMC announcement – We’re falling average true range – Inside day – Inside the wedge […]
Continue reading November 4, 2010
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2 Losses and 100 Ticks on Gold, Crude Oil and E-mini Russell Futures
830am est – Jobless claims are out and higher than expected – The dollar index futures is giving us mixed signals o Slow speed o Low ATR o Wide trading range o Lots of upside and downside potential – The crude oil futures have broken their overhead resistance and broken out above the wedge o […]
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