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Monthly Archives: February 2012
Monthly Archives: February 2012
Tuesday, February 14, 2012 4:30:04 PM *(US) API PETROLEUM INVENTORIES CRUDE: +2.9M V +1.5ME (largest build in 3 weeks); GASOLINE: +1.81M V +500KE; DISTILLATE: -2.16M V -1ME; UTILIZATION: 83.7% V 83.9% W/W- Cushing crude inventory: +1.98K bbl to 32.5M barrels
Continue readingOur day trading strategy this morning was simple. Use the early morning 830am EST Retail Sales news to get the market personality moving early, and then be ready for the 1000am EST testimony from Tim Geithner to slow things down considerably. Live Trades Today Our day trading strategy for the dollar index was simple, we […]
Continue readingThis was one of the easiest trades of the month, and it was called live in the trade room today after we had prepped to sell the highs on crude oil for over an hour. Look closely, you can see we called the entry, stop, and 2 profit targets well in advance so everyone could […]
Continue readingcrude oil futures were halted by the CME/NYMEX on Monday afternoon because of technical issues on the NYMEX. More information on why the Crude Oil stopped trading can be found here.
Continue readingGold futures trading in a price wedge, we want to buy the lows, sell the highs, and avoid the middle of this range. As price rises im looking to sell at wedge highs and resistance above wedge highs. as price falls im looking to buy at wedge lows and the support below wedge lows. Gold […]
Continue readingCrude Oil futures have been slopping around for the past 2 hours, we took some easy profit out of this market earlier today but no lunch has it slow and sloppy. We need higher highs on crude to buy pullbacks, and remember buying new highs will be higher risk. We need to get below the […]
Continue readingThe mini russell failed to break the wedge lows and move below the PLOD, so now we look to buy the wedge lows and buy as the sellers have failed to make new lower lows. This day trading strategy is nothing new, we use this simple strategy on any market, any timeframe, anything that moves. […]
Continue readingWe have noticed a new AB=CD Pattern developing on the Euro currency futures, 21-Range chart. We still need to follow our previous trading strategy we posted earlier this morning, but this gives me a BIG CLUE if price keeps dropping and tells me WHERE to look for the best reversal. Euro Currency Futures Day Trading […]
Continue readingThe Russell day trading strategy uses the slower 89 range chart first to find the most important levels of support and resistance. We can see the major AB=CD Pattern produced strong resistance at 832.0 and price is falling lower off of it. We can see the short term price wedge, we are trading just below […]
Continue readingThe Euro futures trading in a bull price channel, with a short term ab=cd pattern, and trading inside the range from Monday with a short term price wedge. We can see AB=CD resistance overhead, and the price channel lows as support below, and we sit in the middle of the range from Monday. Day Trading […]
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