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Monthly Archives: April 2011
April 19, 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 Housing Starts […]
Continue reading April 18, 2011
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Patience pays well day trading gold and crude oil futures
830am est – We know the Jewish Holiday of Passover is Tuesday and Wednesday this week – Check the dollar index first, this will give us clues to the market’s personality today – Average true range: atr on the 06-11is rising, higher lows, and potentially higher highs. – This tells us to be open to […]
Continue reading April 18, 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 $30B in 3-Month and $28B in 6-month Bills – 12:00 (US) Fed’s Bullard to speak on Banking Rules in Kentucky – 12:30 (US) Fed’s Fisher to speak on U.S. Economic Outlook in Atlanta – 15:00 (AR) Argentina Feb […]
Continue reading April 18, 2011
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When does support become resistance for me sell?
At what point does support become resistance? And when can I sell that resistance? – Speed – Momentum – Big money – Failure of patterns – Lack of confirmation = confirmation itself. How do we grow your trade account? – when you’re learning $1000 new equity or 2 weeks of consistency trading 1 contract and […]
Continue reading April 18, 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 15, 2011
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When knowing everything doesn’t matter day trading crude oil
Reviewing Crude Oil Futures – Bullish Price Channel tells us to buy pullbacks – Sideways range tells us to sell the highs and buy the lows in the white box – Narrow price wedge tells us to sell the highs and buy the lows of the wedge – The BMT line @ 107.50 shows the […]
Continue reading April 15, 2011
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Trade the News Market Internals update
***Looking Ahead*** – (US) G20 Finance Ministers meet in Washington DC underway – 11:00 (US) Fed to buy $5-7B in Notes and Bonds – 11:15 (US) Fed’s Evans speaks in New York City – 11:30 (PE) Peru Feb GDP Y/Y: 9.1%e v 10.0% prior – 11:30 (PE) Peru Mar Unemployment Rate: 9.3%e v 9.1% prior […]
Continue reading April 15, 2011
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3 Trading Zones inside every sideways market
3 Areas inside a sideways market o Sideways Ranges are created from indecision in the market and usually quite easy to spot o Three ranges inside the sideways market o Highs of the range: sell the highs o Middle of the range: avoid the middle o Lows of the range: buy the lows Example: – […]
Continue reading April 15, 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 Consumer Price […]
Continue reading April 14, 2011
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Get me out of here now!
Reviewing gold futures this morning @ 8am est – Sideways range in the white box tells us to buy the lows and sell the highs – Bullish Price channel which tells us the buy-side will likely be the high % trade today – We also notice the PHOD has been broken, and the PLOD has […]
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