Archive
Monthly Archives: October 2011
October 21, 2011
- in Uncategorized by schooloftrade
Don’t make this mistake when you SCALE-INTO your trades
Scale-into a trade: – Double-down in poker – Dollar-cost average – I am adding to my position as the price goes against my position. – Example: o I’m short crude oil futures from 90.00 and when price hits 91.00 I sell another contract, at 92.00 I sell another contract, in the hopes that when it […]
Continue reading October 21, 2011
- in Uncategorized by schooloftrade
Markets continue to look at Europe for solutions on OPEX Friday
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Dollar index trading in the same spot as earlier this week, in the middle of a narrow trading range, inside the reversal zone from the previous break of the bull price channel. We want to wait for the dollar index to move higher or […]
Continue reading October 20, 2011
- in Uncategorized by schooloftrade
AB = CD Pattern helps me day trade Russell and Crude oil futures
930am EST Russell futures are trading in the middle of the bear price channel and just above the lows of Wednesday trading range. We want to sell the new lower-lows below the PLOD 688.9 and cover that short at the target of 676.8 If price moves higher and holds support at the PLOD we will […]
Continue reading October 20, 2011
- in Uncategorized by schooloftrade
automated trading system keeps making profit Euro and Russell Futures
Our automated trading system keeps making profit on any market we chose. Let’s take a look at the Euro currency futures You can see the Euro is having a great month: – 1 contract – $19,000 profit – $6,333 / month average – 90 days – Less than 1 trade per day – No over-trading, […]
Continue reading October 20, 2011
- in Uncategorized by schooloftrade
Mini-Russell Day Trade Up-Date; Lunch Prep making us money!
Hi Guys, Another great day of trading and we’re in the Russell Futures short right now after using our Lunch Prep to find some easy trading opportunities. I entered short on the TF Mini-Russell after watching the price move into, above, and then below the ‘zone’ we defined in our live trade room together this […]
Continue reading October 20, 2011
- in Uncategorized by schooloftrade
Crude Oil and Russell trading opportunities this afternoon
Crude oil futures: We have broken the lows of the bull price channel so we use the ‘price channel break’ price structure to plan our attack this afternoon. If price moves higher we buy above 85.31 which is above the highs of the ‘reversal-zone’ on the price channel break structure. We will also buy above […]
Continue reading October 20, 2011
- in Uncategorized by schooloftrade
TRade the News Market Internals update at 10:30ET
***Economic Data*** – (EU) ECB: €2.28B borrowed in overnight loan facility v €4.8B prior; €181.9B parked in deposit facility vs €172.1B prior – (GE) Germany Sept Producer Prices M/M: 0.3% v 0.2%e; Y/Y: 5.5% v 5.5%e – (SZ) Swiss Sept Trade Balance (CHF): 1.8B v 810M prior; Real Exports M/M: +3.4% v -6.9% prior; Real […]
Continue reading October 20, 2011
- in Uncategorized by schooloftrade
Day Traders look for sub-400k Jobless Claims and Optimistic about Existing Home Sales
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – The US Dollar index is trading in a very concerning area for price action this morning. We know from experience that when the dollar index is trading in a price wedge around the BMT, and inside this reversal zone that we need to expect […]
Continue reading October 19, 2011
- in Uncategorized by schooloftrade
Trade the News Market Internals Update at 12:00ET
Dow +15 S&P -1.25 NASDAQ -12 ***Economic Data*** – (RU) Russia Sept Real Retail Sales M/M: -0.4% v +0.7%e; Y/Y: 9.2% v 8.5%e – (RU) Russia Sept Unemployment Rate: 6.0% v 6.2%e – (US) MBA Mortgage Applications w/e Oct 14th: -14.9% v +1.3% prior – (SA) South Africa Aug Retail Sales Constant M/M: 0.7% v […]
Continue reading October 19, 2011
- in Uncategorized by schooloftrade
Grow day trade account from Demo to 10 contracts
Grow your day trade account from Demo to 10 contracts Three main objectives in your learning process: 1. Learn how the tools work 2. Learn how YOU work 3. Learn the interaction between YOU and your TOOLS Step 1: Learn the tools we use to trade – Learn the markets we trade – Learn the […]
Continue reading