Archive
Monthly Archives: August 2011
August 11, 2011
- in Uncategorized by schooloftrade
Crude Oil Futures Price Channel & Double-Bottom trading Strategy hits our daily goal
CME raising margins on gold futures. This may cause excessive volatility as fewer traders can participate, which means less volume, and wider spreads, wider ranges on lower volume moves. Crude Oil inventories were down, however, so was demand, so crude is transitioning around this 80.00 big round number. Remember the 75.00 level is where OPEC […]
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I wonder if JPMorgan is calling their clients back with a Gift Basket for their losses?
Gold futures fell the most in seven weeks in New York as equities rebounded and CME Group Inc. (CME) boosted margins to trade Comex contracts, prompting investor sales after a rally to a record topping $1,800 an ounce. The Standard & Poor’s 500 Index rose as much as 4.5 percent after a drop in U.S. […]
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Trade the News
Dow +239 S&P +27.9 NASDAQ +65 ***Economic Data*** – (SA) South Africa Jun Manufacturing Production M/M: 0.6% v 0.4%e; Y/Y: 0.9% v 0.4%e – (PD) Poland Jun Current Account: -€1.6B v -€1.4Be; Trade Balance: -€1.1B v -€835Me – (BR) Brazil Jun Retail Sales M/M: 0.2% v 0.0%e; Y/Y: 7.1% v 6.4%e; Broad Retail Sales Y/Y: […]
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Trend Lines; How to Draw & use them correctly
Trend Lines; How to Draw & use them correctly Hotkey = F3 button First, let’s find the MAJOR trend lines, the ones you really need to be aware of at all times. Step 1 = Open your slow timeframe (89range) Step 2 = Load 90 days of data and then load your ‘swing trade’ chart […]
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Price Wedges make for easy trading opportunities as traders wait for Jobless Claims
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – CME raised margin requirements on Gold, First time raising gold margins since Nov 15, 2010. – Crude Oil continues its tumble on demand concerns, even as inventories drop in the US – ECB seen again buying Italian and Spanish government bonds (fourth straight day) […]
Continue reading August 10, 2011
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Fake-out breakout on Crude Oil leads to BIG profits today
815am est Crude Oil has a bull price channel and a sideways range to work with today. · If price rises higher I’m buying pullbacks above 83.05 using the bull channel · If price keeps rising I’m going to take profit at the next level of resistance and then look to re-enter with new higher […]
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Will we see Higher demand on Crude Oil next year? USEIA thinks differently
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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Draw Trend Lines Correctly
We had a great webinar this morning in our live trade room. We discussed the correct way to draw trend line, and here is the snapshot we used as an example. Questions? Post them in the box below! Draw Trend Lines like a Pro!
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Trade the News Market Internals Update at 12:00ET
Dow -430 S&P -41 NASDAQ -80 ***Economic Data*** – (US) MBA Mortgage Applications w/e Aug 5th: +21.7% v +7.1% prior – (IR) Ireland Consumer Confidence: 55.9 v 56.3 prior – (NO) Norway Central Bank (Norges) leaves Deposit Rates unchanged at 2.25%; Not expected (was expected to hike by 25bps) – (MX) Mexico May Gross Fixed […]
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Use this for Strategy for Sideways Markets & Trading Ranges
Day Trading Ranges and Sideways Markets Trading Range = resistance overhead and support below. No defined width of the range, just that we have a level above and a level below. Sideways Market = a lot of different characteristics · Double-tops and bottoms · Flat Trigger Line · Inconsistent speed at the highs or lows […]
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