Tape Reading Strategy for New Day Traders to Practice

Bracketing the time and sales window Tools I need: –          Time and sales window, not filtered, real time data –          Notepad –          Stopwatch (second hand on the clock) What to do: –          Watch my time and sales window for 20 second (could be 30 or 45 secs) –          Make note of the HIGHEST price I […]

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 Fed Activity […]

Momentum and MACD Indicators on Crude Oil made me do it!

815am est –          The dollar ATR is scary this morning –          Falling average true range = narrow price action = more challenging trades today –          We want the ATR rising, not falling –          The dollar index is in a strong downtrend on the 13range chart –          We see lower highs and lower lows, along with […]

***Looking Ahead*** – 12:30 (GE) German Fin Min Schaeuble speaks on Economic Governance – 17:00 (CO) Colombia Jan Industrial Production Y/Y: 5.9%e v 4.0% prior – 17:00 (CO) Colombia Jan Retail Sales Y/Y: 12.8%e v 12.4% prior – 17:00 (CL) Chile Central Bank Interest Rate Decision: Expected to raise the Nominal Overnight Rate Target by […]

Drawing Trend Lines, Black Box Trading and More

–          Check on the trend line function and see how to make it work. o    You will need the same amount of days of data for each of the charts.

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 Consumer Price […]

Leading Indicators

Definition A composite index of ten economic indicators that should lead overall economic activity. This indicator was initially compiled by the Commerce Department but is now compiled and produced by The Conference Board. It has been revised many times in the past 30 years – particularly when it has not done a good job of […]

consumer price index

Definition The consumer price index is available nationally by expenditure category and by commodity and service group for all urban consumers (CPI-U) and wage earners (CPI-W). All urban consumers are a more inclusive group, representing about 87 percent of the population. The CPI-U is the more widely quoted of the two, although cost-of-living contracts for […]

Why did crude oil futures drop? I almost missed this trade!

Click Here To Review Our Automated Trading Results From This Morning 830AM est –          Housing starts tumble lower than than expected (USD bearish) –          Producer Price Index (costs of producing goods and services) rises sharply. (USD bearish) –          We see two news events come out USD bearish, lets watch the dollar and see how it […]

Automated Trading System Strategy Review E-Mini Russell and Gold Futures

Its that time again, lets see how our auto trader is doing this week of OPEX. You could easily say this is the hardest time of the year for ANY trader, automated or not, so lets see if we got killed this week…or if our methods are holding up. Lets start with the Gold futures […]