Archive
Monthly Archives: April 2011
April 7, 2011
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Price Wedge on Crude Oil and Gold Futures made our daily trading goals
We have gold futures trading sideways after breaking the highs of the bullish wedge pattern. We see bullish sentiment in gold 06-11 and our plan of attack is to wait for the best speed to enter the market and buy at support, looking for new highs and buying pullbacks. We also have crude oil in […]
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Trade the News Market Internals update
***Looking Ahead*** – 11:00 (US) Fed to purchase $5.5-7.5B in Notes/Bonds – 15:00 (US) Feb Consumer Credit: $4.9Be v $5.0B prior – (PE) Peru Central Bank Interest rate Decision: Expected to raise the Reference Rate by 25bps to 4.00% – 19:50 (JP) Japan Feb Current Account Balance Y/Y: 9.4e% v % prior; Trade Balance: ¥744.1Be […]
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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 6, 2011
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‘Hidden’ news report when day trading crude oil futures
Live Trade Room Notes 04-06-11 830am est – We see the dollar index is sitting on the trigger location of the head and shoulders pattern on the 34range chart – We know from experience that when the dollar is at a transitional area like this it will result in sloppy sideways markets on crude, gold, […]
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updated the auto trader frequently asked questions….
see the post here. http://www.sidewaysmarkets.com/frequently-asked-questions-for-auto
Continue reading April 6, 2011
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Trade the News Market Internals update
***Looking Ahead*** – 11:00 (SP) Spain Gov’t to release Economic forecasts – 15:00 (US) Fed’s Hunter testifies on Community Banking 10:32 AM Market Internals update at 10:30ET – NYSE volume 165M shares, about 22% below its three-month average; advancers lead decliners by 1.8:1. – NASDAQ volume 450M shares, about even to its three-month average; advancers […]
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Fake-out breakouts, don’t let this happen to you.
Head Fakes / Fake-out Breakouts and how to avoid getting hurt by them o Use a slower timeframe to find the highs and the lows that you want to trade with. o Mark the highs and the lows, and then we wait patiently for price to come to us. o Once we get to that […]
Continue reading April 6, 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 […]
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Overnight Margins for futures markets we trade most
– Here are current overnight margins for the GC, 6E, CL & TF: – – GC $6,751 – CL $6,750 – 6E $4,320 – TF $2,900
Continue reading April 5, 2011
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Trading Sideways markets on Gold and Crude Oil Futures
Live Trade Room Notes 04-05-11 – We see 10am news this morning and we know traders will be hitting the exits early as they wait for the FOMC Meeting minutes at 2pm today – Look for good speed and volume before the 10am news, and then watching for the speed to drop around 1030am 830am […]
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