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Monthly Archives: April 2011
April 21, 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 Jobless Claims […]
Continue reading April 20, 2011
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Sellers Failed at Highs, Tape Reading tells me to buy at support
Is this OPEX week? OPEX = 3rd Friday of the Month, unless the first day of the month is a Friday. This month OPEX will be NEXT week, so Wacky Wednesday is going to have to wait!. 810am est Let’s review our Gold Futures this morning – 89range chart shows us above the sideways range […]
Continue reading April 20, 2011
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Trade the News Market Internals Update
**Looking Ahead*** – (BR) Brazil Central Bank (COPOM) Interest rate Decision: Expected to raise the SELIC Target by 50bps to 12.25% – 11:00 (US) Fed to purchase $1-2B in TIPS – 11:30 (EU) EU’s Juncker speaks on Euro Economic Governance in Brussels – 15:00 (AR) Argentina Mar Industrial Production M/M: No est v 1.4% prior; […]
Continue reading April 20, 2011
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Which day trade is higher risk?
– Which is higher risk? Long or short? o We use specific trade patterns and entry rules to determine which direction is a higher % or higher risk trade o Sideways Range: § At the highs, look to sell (High % short) § At the lows, look to buy (high % is the long) o […]
Continue reading April 20, 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 9:00 Crude Oil […]
Continue reading April 20, 2011
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Overnight Margin Requirements for Futures Brokers
Here are current overnight margins for the GC, 6E, CL & TF: GC $6,751 CL $6,750 6E $4,320 TF $2,900 Remember, overnight margin ONLY applies to the markets when they are FULLY closed, so the pit and electronic session must be closed. Many of the markets we trade have Pit times and Electronic times, and […]
Continue reading April 19, 2011
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This is when I sit on my hands…but keep listening
Click Here To Review Our Automated Trading Results From This Morning 820am est – Reviewing gold futures this morning – We see the same sideways range from Monday and we are off the highs slightly and looking for trading opportunities – Bullish price channels are EVERYWHERE which confirms our assumption that rising prices are trying […]
Continue reading April 19, 2011
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Automated Trading System Review Crude Oil, Gold, Euro and Russell Futures
It’s about time for our weekly review of our automated trading system! Let’s start with Crude Oil Futures, one of our favorite commodity futures. You can see the last few days on crude oil have been GREAT. We had some losses early in April that took back some profit, but look at the results and […]
Continue reading April 19, 2011
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Trade the News Market Internals update
***Looking Ahead*** – 11:00 (US) Fed to purchase $5-7B in Notes/Bonds – 11:30 (US) Treasury to sell 4-Week Bills – 13:00 (BR) Brazil Mar CAGED Formal Job Creation: No est v 280.8K prior – 16:30 (US) EIA Weekly Energy inventories – 17:00 (CO) Colombia Feb Industrial Production Y/Y: 6.0%e v 6.2% prior; Retail Sales Y/Y: […]
Continue reading April 19, 2011
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Contract Rollover Gold, Crude Oil, Currencies & E-mini Futures
– Contract Rollover o Crude Oil = Monthly o Gold = Every other month o E–mini = Quarterly, every 3 mos o Dollar = Quarterly, every 3 mos o Currencies = Quarterly, every 3mos § I watch for the volume to be higher on the next front month, then I move the chart to the […]
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