Archive
Monthly Archives: July 2011
July 11, 2011
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Bear Price Channel all I needed for 250 ticks of profit Gold & Crude Oil
Signs of US and China are slowing down, causing the demand for crude oil to also slow down, which is causing the prices to drop this morning. Gold Futures this morning continue to rise on fear of economic climate in Europe and the falling US Dollar Index. The definition of High % trade = – […]
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Global Fears Lead to Less Demand for Crude Oil
Sam Fletcher OGJ Senior Writer HOUSTON, July 11 — Oil prices dropped July 8 following a discouraging employment report that agitated market fears of a stalled economy. Prices for crude contracts fell on the New York market, wiping out the previous session’s gains that were based on better-than-expected private-sector job data and strong retail sales […]
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Trade the News Market Internals Update
***Looking Ahead*** – 11:00 (US) Fed to purchase $2.5-3.5B in Notes/Bonds – 11:30 (US) Treasury to sell $27B in3-Month and $24B in6-Month Bills – 11:00 (IT) ECB’s Bini Smaghi and OECD’s Padoan speak at Conference in Milan 10:31 AM Market Internals update at 10:30ET – NYSE volume 170M shares, about 9% below its three-month average; […]
Continue reading July 11, 2011
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Speed of Momentum is very important, here’s why
When momentum goes overbought to oversold quickly. What is momentum? – Measured with our JJ-Momentum indicator – Momentum = mass x force – Mass = size of the orders – Force =speed of the orders / disposition of orders Overbought = buyers are running out of momentum, they are losing control over price, and expect […]
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Monday morning Prep Day Trading Crude Oil and Gold Futures
———————————————— Monday’s are great for getting into your trading ‘rhythm’ and this morning we will go through our morning routine/prep together in our live trade room so everyone can learn along with me. Working on Prep with Members in our Trade Room now.. Live Trade Room is open, come join us! Click here for helping […]
Continue reading July 8, 2011
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AB=CD Pattern Helped earn 230 ticks of Profit day trading NonFarm Payrolls
We will be looking for high percentage trades today, and those are when… – High % Pattern – At a High % Location – At a High % time of the day 825am est We prepare for 830am news by getting to know the personality of NonFarm Payrolls. Now we review the dollar index futures […]
Continue reading July 8, 2011
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Can I use a Laptop for Day Trading Computer? Lets compare the pros and cons
I get this question all the time… “I want to use a laptop for my trading computer…what are the pros and cons?” Well, the pro’s are convenience. You can bring the laptop anywhere you travel, work, and trade. The cons are pretty significant…first thing of the major aspects you need in your trading computer: 1. […]
Continue reading July 8, 2011
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NonFarm Payrolls drag down crude oil as jobless rates rise
We discussed this in our trade room this morning… Why did Crude and the US Dollar BOTH drop? Isnt there supposed to be a Negative correlation? As the US economy slows down, the FEAR is that there will be LESS DEMAND for crude oil. Less demand on crude comes from the lack of new companies […]
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Trade the News Market Internals Update at 12:00ET
***Looking Ahead*** – (GR) IMF meeting to approve release of its portion of the Greece tranche – 13:30 (EU) ECB’s Bini Smaghi speaks in Poros, Greece – 15:00 (US) May Consumer Credit: $4.0Be v $6.2B prior – 17:00 (CO) Colombia May Exports FOB: no est v $4.7B prior – 22:00 (CH) China Jun Consumer Price […]
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3 Phases of Sideways Ranges, use this for profit
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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