Archive
Monthly Archives: August 2011
August 17, 2011
- in Uncategorized by schooloftrade
Obama asking for another bailout? Sounds like QE3 to me
President Barack Obama plans to ask Congress for billions of dollars in fresh spending to boost the economy and reduce unemployment, with a new focus on helping the long-term unemployed, an administration official said…. read the entire article here… Post your feedback in the box below, and see you tomorrow @ 745am for our morning […]
Continue reading August 17, 2011
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Trade the News Market Internals Update at 12:00ET
Dow +70 S&P +10 NASDAQ +6 ***Economic Data*** – (US) MBA Mortgage Applications w/e Aug 12th: 4.1% v 21.7% prior – (SA) South Africa Jun Retail Sales M/M: 2.0% v 2.7%e; Y/Y: 2.2% v 2.1%e – (PD) Poland July Employment M/M: 0.0% v 0.2%e; Y/Y: 3.3% v 3.5%e – (PD) Poland July Avg Gross Wages […]
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When good Patterns go bad…easy opportunity for profit with Failures
Pattern Failures Sometimes what you DONT see happen is the most important thing to look for. The most important thing for a trader is consistency…watching the same things at the same times each day to see the pattern it forms. Then look for days when that never happens. “The bus comes every day @ 830am…but […]
Continue reading August 17, 2011
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Russell Futures in a bull price channel
Buying Pullbacks with new higher highs on the TF Mini Russell Futures
Continue reading August 17, 2011
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New Highs across all markets, looking for pullbacks as buying opportunities
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— Crude Oil Futures trading at highs on assumption that demand will increase even in the face of economic conditions Gold Futures push new highs this morning on Debt concerns in Europe Euro is stronger this morning on rumors that ECB may have no choice but […]
Continue reading August 16, 2011
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Import prices rise; earned our daily goal day trading Crude Oil and Gold Futures
We wait for 830 news to come out and we get ready for our day ahead. Crude Oil Futures are at the major resistance levels on the 89range chart. – Bull channel – Bear channel – Sideways Range (resistance overhead and support below) We know we have to be careful buying around the 88.00 big […]
Continue reading August 16, 2011
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Trade the News Update Market Internals Update at 15:30ET
Dow -44 S&P -6.5 NASDAQ -16 **Economic Data*** – (US) ICSC/GS weekly chain store sales w/e Aug 13th: -1.5% w/w; +3.5% y/y – (RU) Russia July Producer Prices M/M: -1.0% v +0.5%e; Y/Y: 16.1% v 19.2%e – (CA) Canada Jun Manufacturing Sales M/M: -1.5% v -0.7%e – (US) July Import Price Index M/M: +0.3% v […]
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Latest Release Version NinjaTrader Version 7.0.1000.7
Trend Channel & Many other tools fixed with latest release version NinjaTrader Version 7.0.1000.7
Continue reading August 16, 2011
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GREAT Example of how technology will give access to more people, giving us more opportunity!
About a third of Ayannan Karuppaiah’s 75-ton banana crop used to rot before it reached the market about 300 miles (480 kilometers) away in Chennai, India. Now, his fruit is eaten in the Middle East. Karuppaiah transformed his business after buying a refrigerated truck from Ingersoll-Rand Plc (IR) two years ago. The vehicle, modified to […]
Continue reading August 16, 2011
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Tape Reading Lesson: Bracket the Tape
Tape Reading Lesson: Bracket the Tape – There is an example of this in a video on our blog – – Here’s what you need: o Pad a paper or a word document o Time and Sales Window (no filter) o Need volume in the market o You need a stopwatch / clock with a […]
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