Archive
Monthly Archives: April 2011
April 27, 2011
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Fear is Not a Day Trading Strategy, Use This Proven Technique
Fear is NOT an Exit Strategy: – Taking profit or exiting the trade requires specific rules: o Slowing Speed o Momentum / MACD Against you o Big Money against you – Moving your stop too tight o Just because you have a lot of profit on a trade, does NOT mean you need to tighten […]
Continue reading April 27, 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 Durable Goods […]
Continue reading April 26, 2011
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A little personality goes a LONG way day trading Gold and Crude Oil Futures
Let’s review the Gold Futures this morning – 89range chart shows us the BIG PICTURE and the most important levels we need to use today o We see a bullish price channel and we are at the highs o We have two sideways ranges, 1 very wide and 1 much narrower o We have a […]
Continue reading April 26, 2011
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Trade the News Market Internals Update
**Looking Ahead*** – 11:00 (US) Fed to purchase $1.5-2.5B in Notes/Bonds – 11:30 (US) Treasury to sell 4-Week Bills – 13:00 (US) Treasury to sell $35B in 2-Year Notes – 15:00 (AR) Argentina Mar Shop Center Sales Y/Y: No est v 16.3% prior – 16;30 (US) API Weekly Energy Inventories – 22:00 (CH) China Mar […]
Continue reading April 26, 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 Let’s begin our morning routine with the economic news for today’s trading session. FOMC Meeting Begins 8:20 Gold & Currencies OPEN 9:00 S&P/Case-Shiller home price index 9:00 Crude Oil OPEN 9:30 US Market OPEN 10:00 Consumer Confidence 10:00 […]
Continue reading April 26, 2011
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Fed Chairman Press Conference FOMC
Definition The Fed announced on March 24, 2011 that Fed Chairman Ben Bernanke will hold press briefings four times a year to explain the FOMC’s latest quarterly economic projections. The purpose of the briefings is to provide additional context for the FOMC’s policy decisions and to allow for Q&A with the press. According to the […]
Continue reading April 26, 2011
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FOMC Meeting Announcement
Definition The Federal Open Market Committee (FOMC) is the policy-making arm of the Federal Reserve. It determines short-term interest rates in the U.S. when it decides the overnight rate that banks pay each other for borrowing reserves when a bank has a shortfall in required reserves. This rate is the fed funds rate. The FOMC […]
Continue reading April 26, 2011
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FOMC Meeting Begins
Definition The Federal Open Market Committee meets eight times a year in order to determine the near-term direction of monetary policy. For monetary policy, the FOMC evaluates the relative concerns over the outlook for economic growth (too strong, too weak, about right) and pending inflation (too high, too low, about right). The FOMC then determines […]
Continue reading April 25, 2011
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Look for this trade after we make new highs on crude & gold
Click Here To Review Our Automated Trading Results From This Morning We learn this morning that the Orthodox Easter Holiday is today, closing the banks in many parts of Europe. This won’t have too much affect on us, with the exception of lower volume at certain times of the morning, mainly focused on the ‘Golden […]
Continue reading April 25, 2011
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Automated Trading Strategies and Software Review Crude Oil Futures
Hi guys, I’m a little short on time today, but I wanted to show you how crude oil performed the past few days on the auto trader. We didn’t take any trades today on Gold, Russell and Euro Futures. Crude has been on a mission lately…this auto trader is making money easy. 4 TRADES in […]
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