May 2011 – Page 7 of 7 – SidewaysMarkets

Biggest Day of 2011 Day Trading Crude Oil and Gold Futures

Click Here To Review Our Automated Trading Results From This Morning We already completed the Crude Oil on the Morning prep, now let’s review the Gold Futures. 89Range chart on the 06-11 GC shows us the following: – We just broke the MAJOR bullish trend line (the lows of the price channel) – Price Wedge […]

May 3, 2011

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Automated Trading Strategies and Software Review

Its about that time again…lets see how the auto trader has been doing this week. Not much to report so far, nothing on the Crude Oil or the Russell. The big mover this week is Gold. As you can see we took 4 trades today. We took a first trade loss to start the session, […]

May 3, 2011

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Trade the News Market Internals Update

**Looking Ahead*** – 11:00 (US) Fed to purchase $6-8B in Notes/Bonds – 11:30 (US) Treasury to sell 4-Week Bills and $24B in 52-Week Bills – 13:00 (MX) Mexico Apr IMEF Manufacturing Index: 54.4e v 54.1 prior; Non Manufacturing Index: 53.0e v 53.1 prior – 16:30 (US) API Energy Inventories – 17:00 (US) Apr Total Vehicle […]

May 3, 2011

Best Way to Buy Pullback or Sell Retracement

– Best Times to Buy Pullback or Sell Retracement – What is this? o Pullback is made with new higher highs and then we come down off those highs o We also call these ‘swing highs’ o Retracement is made with new lower lows and then price rises off those lows o We also call […]

May 3, 2011

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 […]

May 3, 2011

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Well…that was way too easy day trading crude oil

Open your 89-range chart on Crude Oil this morning and you see the following: – Dropped below the bullish channel from last week, but price has made a higher low, which gives us a clue that price will likely get back into this bullish channel. – With the news overnight about Osama Bin Laden, and […]

May 2, 2011

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Trade the News Market Internals Update

**Looking Ahead*** – (CA) Federal election today in Canada. – 11:00 (US) Fed to Purchase $6-8B in Notes/Bonds – 11:30 (US) Treasury to sell $29B in 3-Month and $27B in 6-month Bills – 11:15 (EU) ECB’s Constancio speaks at EU Parliament Panel in Brussels – 12:00 (IT) Italy Apr New Car Registrations Y/Y: No est […]

May 2, 2011

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Don’t Lose your Focus during CHOP & Live Fast Track Trading

Best ways to spend your time during slow market action. Today was good example: We had speed at 900am Speed slows down at 10am Speed picks up at 1130am What do we do during that 60-120 minutes of waiting? 3 things I want to do to spend my time wisely: Learn your patterns: Use the trade […]

May 2, 2011