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Monthly Archives: May 2011
May 13, 2011
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I don’t use Volume…I prefer to use SPEED in my day trading
– Speed and how we use it – I wanted to know what was happening RIGHT NOW, not 5 minutes from now, or 5 minutes ago…..RIGHT NOW. – Speed at the Open • Speed at the Close • Speed of the Time & Sales Window • Speed of the Patterns Developing on your chart (how quickly does the […]
Continue reading May 12, 2011
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Trade the News Market Internals Update
***Looking Ahead*** – (PE) Peru Central Bank Interest Rate Decision: Expected to raise the Reference Rate by 25bps to 4.25% – 13:00 (US) Treasury to sell $16B in 30-Year Bonds – 18:00 (CL) Chile Central Bank Interest Rate Decision: Expected to raise the Nominal Overnight Rate Target by 25bps to 4.75% 10:30 AM Market Internals […]
Continue reading May 12, 2011
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Three Phases Day Trading Crude Oil Inventories on Wednesdays
– 3 personalities on Wednesday Crude Oil o Wednesdays bring 1030am inventory news o We have 3 basic phases that CL goes through § Before the News: 745-1000 § During the News: 1000-1035 § After the News: 1035-1230pm EST – – When do we use the FAILURE of a pattern? – Candlestick Patterns Global Drawing […]
Continue reading May 12, 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 Producer Price […]
Continue reading May 11, 2011
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Profit from easy CLUES from Crude Oil this morning
We review the crude oil 89 range chart to start our day with the most important information We see the the CL 06-11 is trading right on top of the 89 BMT, which means this area TODAY may be sloppier than normal. We also have 1030am crude oil news, so this may be the reason […]
Continue reading May 11, 2011
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Trade the News Market Internals Update 5/11/11
***Looking Ahead*** – 11:00 (US) Fed to purchase $6-8B in Notes/Bonds – 11:15 (EU) ECB’s Orphanides speaks at Brussels Finance Conference – 12:15 (US) Fed’s Lockhart speaks on U.S. Economic Outlook in Atlanta – 12:15 (GE) German Econ Min Bruederle briefs on Skills Shortages – 13:00 (US) Fed’s Kocherlakota speaks on Monetary Policy in New […]
Continue reading May 11, 2011
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Morning Prep, Trade Management and the 10:30 Price Reversal
Disclaimer ———————————————- SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and Options trading […]
Continue reading May 11, 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 International Trade […]
Continue reading May 10, 2011
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The Price Channel made me do it….the Dollar did it first!
830am est – We’re reviewing the Gold Futures market and we see the following o Price Channel in pink trend lines o Price Wedge in Yellow trend lines below us o BMT and OPEN is below us o Trading above the PHOD o We are in a transitional area between the highs of the range […]
Continue reading May 10, 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 – 12:45 (US) Fed’s Lacker speaks on Economic Outlook in Arlington, VA – 13:00 (US) Treasury to sell $32B in 3-Year Notes – 16:30 (US) API Energy Inventories – 22:00 (CH) China Apr Consumer Price Index […]
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