Archive
Monthly Archives: September 2011
September 9, 2011
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Tropical Storm may disrupt Crude Oil Supply…are you ready for this?
Tropical Storm Nate is expected to become the third hurricane of the Atlantic season today or tomorrow as it forced energy companies to evacuate platforms in the Gulf of Mexico and shut oil ports. Tropical Storm Maria is forecast to strengthen, churning through the Virgin Islands today or tomorrow, the U.S. National Hurricane Center said […]
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Trade the News US Market Update
Dow -140 S&P500 -15 Nasdaq -4 ***Economic Data*** – (PO) Portugal July Trade Balance: -€1.2B v -€1.0B prior – (RU) Russia July Trade Balance: $16.7Be v 17.4B prior – (CA) Canada Aug Net Change in Employment:-5.5K K v +21.5Ke; Unemployment Rate: 7.3% v 7.2%e – (CA) Canada Aug Housing Starts: 184.7K v 200.0Ke prior – […]
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Trade Management & Trailing Stops; how I use them correctly
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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Traders react to Obama, Bernanke and Hurricanes
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Bottom Drops out of Crude Oil as recovery fears overcome Hurricane Fears – Gold finds resistance as traders take more profits and the Dollar rises after Obama – China inflation in line with expectations – Obama asks Congress for $447B in tax cuts, spending […]
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Morning Prep and Live Trade Room Handy Links
Welcome to our Live Trade Room! We will be discussing lots of very useful topics today, and you can find all the information on these topics using the links below. Please remember all of this can be found in our Advanced Course as a lifetime member. ————————————————————————————————– **Attention Members!** Use your ‘Morning Prep Worksheet’ in […]
Continue reading September 8, 2011
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Day Trading Crude Oil Inventories helps hit our daily goal
How do we use the news? New trader: worry about when the news is, so we can avoid it. 5minutes before and 5 minutes after we avoid the news. Experienced Trader: we begin to trade the reaction to the news. Not predicting, reacting. Professional Trader: clues to what the news may be, and how the […]
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Bernanke says…no new stimulus…well…maybe.
Federal Reserve Chairman Ben S. Bernanke said policy makers will discuss the tools they could use to boost the recovery at their next meeting this month and stand ready to use them if necessary. Policy makers “are prepared to employ these tools as appropriate to promote a stronger economic recovery in the context of price […]
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Trade the News Market Internals Update at 12:00ET
Dow +61 S&P +5.7 NASDAQ +19.5 ***Economic Data*** – (UK) Bank of England (BOE) left both Interest Rates and Asset Purchase Target unchanged at 0.50% and £200B respectively; as expected – (CL) Chile Aug CPI M/M: 0.2% v 0.1%e; Y/Y: 3.2% v 3.1%e; CPI Ex Perishables & Fuel M/M: 0.2% v 0.2%e – (SA) South […]
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Trading Breakouts & Fake-Out Breakouts
Trading Breakouts: When price pushes higher than previous highs or lower than previous lows. Often called ‘Higher-Highs and Lower Lows’ a breakout is a very strong clue to the market direction for the future. The difference between a higher high and a breakout to new highs is the defined trading range. Successful Breakouts: The key […]
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Traders Prep for JObless Claims and Crude Oil Inventories ahead of key words from Bernanke and Obama Jobs
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Gold Futures trading sideways as traders look for clues for demand – Crude Oil stalls at 90.00 and gives us an easy technical pattern – Euro continues to trade sideways looking for direction after the Swissy Peg & Rate Outlook – Australian jobs data […]
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