Archive
Monthly Archives: March 2011
March 25, 2011
- in Uncategorized by schooloftrade
Market Internals update
***Looking Ahead*** – 11:30 (EU) EU President Van Rompuy, Leterme, Poland PM Tusk speak at GMF Conference – 11:00 (US) Fed to purchase $4-6B in Notes/Bonds – 12:00 (US) Annual Revisions: Industrial Production – 12:15 (US) Fed’s Plosser speaks on monetary policy in New York – 13:00 (EU) Fed’s Fisher, EU’s Rehn, Poland Fin Min […]
Continue reading March 25, 2011
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Day Traders are GOOD for Gas Prices!
Questions for 11am EST – Why are day traders NOT to blame for the higher crude oil prices? – Why do futures markets exist in the first place? – Designed for purposes of HEDGING – To control the current (cash) price of commodities – Reading the Tape – Different Chart Types – Drawing trend lines […]
Continue reading March 25, 2011
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Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures
‘We are what we repeatedly do. Excellence, therefore, is not an act, but a habit’ – Aristotle Live Trade Room is open, come join us! Click here for helping logging into the Trade Room Let’s begin our morning routine with the economic news for today’s trading session. 8:20 Gold & Currencies OPEN 8:30 GDP 9:00 […]
Continue reading March 24, 2011
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When the US Dollar Index Correlation Fails
Click Here To Review Our Automated Trading Results From This Morning 830am est – News came out mixed – Jobs and durable come out as expected, so the market continues to search for direction – Dollar is dropping off support, so we look for buying opportunities on the markets we trade 900am est – We […]
Continue reading March 24, 2011
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Automated Trading System Strategy Review Russell Gold and Crude Oil
Hi guys, here’s an update this week on the auto trader. Let’s see how crude oil is trading today… You can see we haven’t traded on the CL 05-11 this morning, coming off a loss last night for 35 ticks. Today’s results are fine, we need to look at the long term monthly numbers. Check […]
Continue reading March 24, 2011
- in Uncategorized by schooloftrade
Market Internals update
***Looking Ahead*** – 12:00 (CO) Colombia Q4 GDP Y/Y: 4.1%e v 3.6% prior; 2010 GDP Annualized: 4.0%e v 0.8% prior – 13:00 (SZ) SNB’s Danthine holds speech in Zurich – 13:00 (FR) France Feb Net Change Jobseekers: No est v -19.3K prior; Total Jobseekers: No est v 2.703M prior – 16:00 (US) Jan RPX Composite […]
Continue reading March 24, 2011
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Leading and Lagging Technical Indicators for day trading futures
– Leading vs. Lagging Indicators o Leading = heads up o Lagging = gives you confirmation (what happened) o Leading does NOT exists, they are all lagging indicators o We must see price come in first, then the indicator can perform the calculation for us to use, this is why they are ALWAYS lagging. o […]
Continue reading March 24, 2011
- in Uncategorized by schooloftrade
Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures
‘We are what we repeatedly do. Excellence, therefore, is not an act, but a habit’ – Aristotle Live Trade Room is open, come join us! Click here for helping logging into the Trade Room Let’s begin our morning routine with the economic news for today’s trading session. 8:20 Gold & Currencies OPEN 8:30 Jobless Claims […]
Continue reading March 23, 2011
- in Uncategorized by schooloftrade
Be very careful when you see this on futures markets
845am est – We’re seeing the dollar testing the highs of what we expect to be a sideways range. – Slow speed is a concern, but the average true range on the DX 06-11 contract is rising, and looks like it may give us some action today 900am est – We have crude oil opening […]
Continue reading March 23, 2011
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Market Internals update
***Looking Ahead*** – (AR) Argentina Mar Consumer: No ests v 53.96 prior – 11:00 (EU) Euro Zone Mar Advanced Consumer Confidence: -11.0e v -10.8 prior – 11:00 (PO) Portugal Full Congress session begins; Austerity vote expected later – 11:00 (US) Fed to purchase $6.5-8.5B in Notes/Bonds – 12:00 (US) Fed Chairman Bernanke speaks to Bankers […]
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