May 2011 – Page 6 of 7 – SidewaysMarkets

Trade the News Market Internals Update

**Looking Ahead*** – 11:00 (US) Fed to purchase $5-7B in Notes/Bonds – 15:00 (US) Mar Consumer Credit: $5.0Be v $7.6B prior – Weekend: (SZ) Bimonthly Meeting of Bank for International Settlements – The US/China will have its annual strategic and economic dialogue on May 9th. 10:30 AM Market Internals update at 10:30ET – NYSE volume […]

May 6, 2011

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Let your Winners run, Maximize Profits with this technique

– Why is it so hard to let a winner run? o You don’t have confidence and you take profit too early § Don’t know where the profit target is § You don’t know how to read tape/speed of tape § You don’t know how to read momentum § You don’t have an idea of […]

May 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 8:30 Non Farm […]

May 5, 2011

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How did I miss this sign from Crude Oil and Dollar Index?

830am est – Jobless claims come out higher than expected – The dollar index has broken to new highs out of its sideways range from the past week – Lets watch and see if this poor jobs report brings that dollar back down, which will then push the prices back UP on gold and crude […]

May 5, 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 – 13:15 (US) Fed’s Kocherlakota speaks on Monetary Policy in California – 17:00 (CO) Colombia Apr Consumer Price Index M/M: 0.4%e v 0.3% prior; Y/Y: 3.1%e v 3.2% prior 10:30 AM Market Internals update at 10:30ET – NYSE volume 220M shares, about 1% above […]

May 5, 2011

in Uncategorized by schooloftrade

Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures

May 4, 2011

in Uncategorized by schooloftrade

Plan your trades, trade your plan, another monster day in live trade room

Let’s review the Crude Oil futures this morning using our 89range chart to begin. – We are at the lows of the major price channel – We have 50% of the trigger for a long position at these lows – This tells me to watch the trigger later today on this 89range chart so we […]

May 4, 2011

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Trade the News Market Internals Update

**Looking Ahead*** – 11:00 (US) Fed to purchase $1-2B in TIPS – 11:30 (IR) Ireland Finance Ministry releases April exchequer returns – 12:00 (SI) RBNZ Governor Bollard to speak in Singapore – 15:30 (US) Fed’s Williams makes First Policy Speech – 17:00 (CO) Colombia Apr Producer Price Index M/M: No est v 0.9% prior; Y/Y: […]

May 4, 2011

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Don’t make this mistake using Candlestick Patterns

– Candlestick patterns and how I use them o These are used to confirm market sentiment o They do NOT tell me when to enter or exit the trade o They do not tell me anything more than the DIRECTION I should be trading. – Lets define sentiment: – Use this video to put this […]

May 4, 2011