Archive
Monthly Archives: November 2011
Monthly Archives: November 2011
Today was a challenging day to say the least, however, we made our job a lot easier by using a very simple day trading strategy that used a price wedge and the dollar index correlation to locate the best times and locations to trade. The day began very slow and sloppy, with crude oil sharing […]
Continue readingDisclaimer ———————————————- 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 readingDow -60 S&P -5.5 NASDAQ -9.25 ***Economic Data*** – (RU) Russia Oct Producer Prices M/M: 1.7% v 0.5%e; Y/Y: 17.5% v 17.1%e – (IR) Ireland Oct Consumer Confidence: 63.7 v 53.3 prior – (PE) Peru Sept GDP Y/Y: 5.8% v 6.3%e – (PE) Peru Oct Unemployment Rate: 7.3% v 7.2%e – (US) ICSC/GS weekly chain […]
Continue readingDollar Index trading in a price wedge first, and then bull channel second. trade the wedge first, and remember a wedge on the dollar index is ALWAYS a red flag for a tough day ahead. Dollar 89range shows us the AB=CD Pattern, this is one of our favorite day trading strategies, however, you need to […]
Continue reading————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— Let’s review today’s day trading strategies together in the trade room ————————————————————————————— Around the Globe this morning: – Stronger Dollar index leads to lower Gold futures prices – Mixed recovery hopes lead to sideways ranges on crude oil futures – European shares dropped in today’s […]
Continue readingAutomated Trading Strategies are one of the most exciting aspects of our trading arsenal, and we just kicked it up a few more notches! My vision for this automated trading strategy was to have two basic options. First, I want this auto trader to be able to do 100% of the trading for the user. […]
Continue readingDow -31 S&P -7 NASDAQ -9 ***Economic Data*** – (PO) Portugal Q3 Cumulative Labor Costs: +1.0% v -0.6% prior – (RU) Russia Q3 Advanced GDP Y/Y: 4.8% v 5.0%e – (PD) Poland Oct M3 Money Supply M/M: 0.6% v 0.7%e – (EU) ECB completed €4.8B in weekly settlement s vs. €9.5B prior in Gov’t Bond […]
Continue readingThe Dollar Index is trading inside the range from Monday with a price wedge and the trigger zone above us. We need to use this dollar index to find the best turning points in the market. Crude Oil futures are trading in a bullish price channel inside the range from Monday, after re-testing the 100.00 […]
Continue reading————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— Let’s review today’s day trading strategies together in the trade room ————————————————————————————— Around the Globe this morning: – Crude oil futures test 100.00 over the weekend, highest levels since July 2011 – Italy PM Berlusconi steps down (as promised) after Lower House approved 2012 Budget […]
Continue readingPrice structure is one of the most important aspects of learning to day trade because it gives you clues to find the best opportunities to profit each day. The term ‘structure’ refers to how the market has been ‘put together’. Is the market bullish? Bearish? Sideways? What does the market as a whole look like, […]
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