Archive
Monthly Archives: October 2011
October 4, 2011
- in Uncategorized by schooloftrade
Don’t just sit there…short this! Day trading Crude Oil, Mini-Russell & Euro futures
We begin our day this morning with Gold futures in the middle of its range, crude oil futures trading outside the range, and the euro currency futures trading outside. We will skip gold futures for the time being until it moves to the highs or lows, and focus our attention on the markets which have […]
Continue reading October 4, 2011
- in Uncategorized by schooloftrade
Euro currency futures gives us an easy price reversal off major support
Hi Guys, I took this trade with you all in our live trade room this morning on a much faster timeframe, but wanted to use this example as an excellent way to use multiple timeframes along with simple patterns and trade management to make some great profit on the Euro Currency Futures contract. First, we […]
Continue reading October 4, 2011
- in Uncategorized by schooloftrade
Trade the News Market Internals Update at 14:00ET
Dow -101 S&P -3.5 NASDAQ +21 ***Economic Data*** – (US) ICSC/GS weekly chain store sales w/e Oct 1st: +0.1% w/w; +3.7% y/y – (BR) Brazil Aug Industrial Production M/M: -0.2% v -0.1%e; Y/Y: 1.8% v 2.2%e – (RU) Russia Sept Consumer Prices M/M: 0.0% v -0.1%e v -0.2% prior; Y/Y: 7.2% v 7.2%e; CPI YTD: […]
Continue reading October 4, 2011
- in Uncategorized by schooloftrade
European banks under stress & Feds Bernanke in the Hot Seat before Joint Economic Committee
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude oil futures trading at the PLOD in what we call an outside day transition. Below 75.92 we sell retracements, above 75.92 we’re buying up to 77.00 easily. – Gold futures failed to break the PHOD earlier this morning and dropped back into Monday’s […]
Continue reading October 3, 2011
- in Uncategorized by schooloftrade
Buy the Lows and Sell the Highs day trading Crude Oil and Mini-Russell futures
Today is a Monday, new week, new month, new quarter, and our plan of attack is simple; get back into the routine that made us successful last week, month, quarter. My job today is to get back into my routine, because my routine will build my confidence, allow me to stay patient, and with that […]
Continue reading October 3, 2011
- in Uncategorized by schooloftrade
Exit Strategies Lesson Up-Date for Members
Hi Guys, Thanks for another great training session this afternoon! We focused on Exit Strategies, and as of right now we have the NOTES posted in the download section, and the video will be uploaded to the Advanced Course section in a few hours time. The title of the Notes, same as the title of […]
Continue reading October 3, 2011
- in Uncategorized by schooloftrade
- |
- 1 comments
Why do I run a live trade room?
Why do I run a trade room? There are three reasons: 1. I used to manage money, but I hated that I couldn’t SPEAK with my clients, and I really didn’t like being alone, not working with people, so I decided this was a better fit for me. 2. I have three brothers that trade […]
Continue reading October 3, 2011
- in Uncategorized by schooloftrade
Trade the News Market Internals Update at 12:00ET
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 […]
Continue reading October 3, 2011
- in Uncategorized by schooloftrade
Learn to trade Inside and Outside Days, these are my favorite
Inside Day / Outside Day Transition: Here’s what you need: – 24hour chart, 12am start, 12am finish – PHOD – PLOD – My slowest timeframe, 89range chart Inside day = we are below the PHOD and above the PLOD, inside the previous day’s range. Tells us that the perception of value is the SAME from […]
Continue reading October 3, 2011
- in Uncategorized by schooloftrade
Traders prep for Manufacturing News to give some personality on a monday morning
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude oil futures trade lower this morning on lack demand, trading outside day, below the PLOD. Looking to sell retracements with new lower lows, also looking for the failure to the downside, bringing us up into the range from Friday for a fake-out breakout […]
Continue reading