Archive
Monthly Archives: June 2011
June 30, 2011
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Why didn’t I read the morning prep? Still hit my goal..the hard way!
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 […]
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We saw this coming didn’t we? Crude back to price levels seen BEFORE the reserve release by IEA
Sam Fletcher OGJ Senior Writer HOUSTON, June 30 — Crude oil prices continued to climb June 29 with crude escalating 2% in New York, back to levels prior to the International Energy Agency’s announcement of the pending release of 60 million bbl from members’ emergency petroleum reserves. Just a week ago, IEA announced it would […]
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Trade the News Market Internals Update
***Looking Ahead*** – 11:00 (US) Fed to purchase $4-5B in Notes/Bonds – 12:00 (CO) Colombia May Urban Unemployment Rate: 11.7%e v 11.8% prior – 13:00 (US) Fed’s Hoenig speaks in Des Moines, Iowa – 15:00 (AR) Argentina May Construction Activity M/M: No est v 2.0% prior; Y/Y: No est v 9.9% prior – 15:30 (MX) […]
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Modified Fast Track Method helps transition from Demo to Live Trading
Modified Fast Track Method: The goal of the original fast track is… – Keep it simple – Let your trades run – Don’t worry about losses (they will happen) – Don’t cut your winners too early – Don’t push your stop back let your losses run – Be selective and always follow the rules. – […]
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Gold & Crude Oil on the move after Greek Bailout vote passes and US Dollar Index Tumbles against the Euro
—————————————————————————————————– They finally passed the Austerity Plan Vote on Thursday which extends the debt in Greece down the road for 5 years. Its widely unpopular across the globe, but its giving the Euro a sense of stability this morning which is pushing the US Dollar Index down, and giving Gold & Crude Oil Futures a […]
Continue reading June 29, 2011
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Token Print & Double-Top all we needed for great profit today
2 Reasons for why we give everyone the entry, target and stop on the Fast Track: 1. To help my member learn and earn along with me when they begin. 2. To PROVE to our guests that this method works. We begin with 3 phases of crude oil: § Before the News: 745-1000 (ok to […]
Continue reading June 29, 2011
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‘OPEC’ asks the ‘IEA’ …stop releasing all that ‘Black Gold’
Eric Watkins, OGJ Oil Diplomacy Editor LOS ANGELES, June 28 — Abdullah El-Badri, secretary general of the Organization of the Petroleum Exporting Countries, urged the International Energy Agency to reverse its earlier decision to release 60 million bbl of oil over the coming 30 days. “I hope this practice will be stopped and stopped immediately,” […]
Continue reading June 29, 2011
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Papa-Jim says to hold the US Dollar, Hold the Euro, let Greece default!
June 29 (Bloomberg) — Jim Rogers, chairman of Rogers Holdings, talks about his investment strategy. Rogers also discusses Europe’s sovereign debt crisis and Federal Reserve monetary policy. He speaks from Singapore with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.” (Source: Bloomberg) Click Here to Watch Video >>>
Continue reading June 29, 2011
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Trade the News Market Internals Update at 12:00ET
***Looking Ahead*** – 11:00 (US) Fed to purchase $2-3B in Notes/Bonds – 11:45 (EU) EU President Van Rompuy speaks at Conference on State of EU – 12:00 (US) Fed’s Raskin Speaks on `Economic Inclusion’ in Washington – 13:00 (US) Treasury to sell $29B in 7-Year Notes – 14:00 (BR) Brazil May Central Gov’t Budget (BRL) […]
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When the Wave Pattern Fails, one of our favorites
Wave Pattern Failures What is a wave pattern? Buying a pullback or selling a retracement. We have very specific rules for trading these patterns. When a wave pattern fails, its often a great opportunity to make profit. Let’s review the many ways we take failures on the wave pattern. How do we trade failures? The […]
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