Archive
Monthly Archives: April 2012
April 18, 2012
- in Uncategorized by schooloftrade
Euro day trading strategy
The euro is trading sloppy and lacking any consistency this morning as it trades below the range from Tuesday. We have an outside day below the PLOD so we’re looking to sell retracements with new lower-lows. If price cannot drop lower on the euro we then will buy above the PLOD when the sellers fail, […]
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Crude Oil day trading strategy
We can see the bear price channel on this 89-range chart, along with the short term bull price channel and bear price wedge that comes along with it. We can see the major support below us at 102.66 and 101.80 so we want to buy at that support as price falls lower. We can see […]
Continue reading April 18, 2012
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Day trading strategy for dollar index correlation
The heat map on the dollar index this morning at 800am EST shows the dollar index rising at +0.4 and we know that tells us the high-percentage trades will be selling retracements this morning unless something changes. We can see from the 89range chart on the dollar index that we are on top of the […]
Continue reading April 18, 2012
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Traders Prep for Wacky Wednesday & Crude Oil Inventories
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Professional traders understand the when price move higher or lower, there is a story being told. A good example of this is when price action moves to a new low of the day. Are the buyers failing to move higher or is this the sellers strength […]
Continue reading April 17, 2012
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Reading Tape helped us earn over 120 ticks buying pullbacks
=================================================================== Click here to Review what MEMBERS are saying about SchoolOfTrade.com =================================================================== This morning we began our day trading strategy with 3 simple clues that we gathered from the news today, the dollar index correlation, and a simple tape reading strategy on Crude Oil futures. We earned over 120 ticks of profit for the 2nd day […]
Continue reading April 17, 2012
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Gold futures day trading strategy
We need to zoom all the way out on this 89-range chart on gold so we can see the complete major price wedge price structure along with the major bear price channel and we are in the middle of these ranges. We always know the most challenging price action will come in the middle of […]
Continue reading April 17, 2012
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E-Mini-Russell day trading strategy
The E-Mini-Russell trading in a strong bull price channel, and a bull price wedge, along with trading above the PHOD so this is an OUTSIDE DAY. The double-bottom gives us overhead resistance which is a little out of reach this morning but still on our radar. The most important clue we get today is the […]
Continue reading April 17, 2012
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Crude Oil Earns ANOTHER +50ticks Fading the Highs of the Channel
We’ve had an incredible day trading crude oil futures. We began with buying pullbacks when price moved above the PHOD, and then at the channel highs we took over 100 ticks of profit at the channel highs and how SOLD these highs for another 50 ticks on the way back down! Fast track method called […]
Continue reading April 17, 2012
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Crude Oil Day Trading Strategy Earns EASY +100ticks
We nailed 2 HUGE winning trades this morning using this simple day trading strategy for Crude Oil futures. First, we found the bull price channel on the 55-range chart. Then, we noticed the OUTSIDE DAY tells us to buy pullbacks with new higher-highs, and then when we start to read the tape, we noticed the […]
Continue reading April 17, 2012
- in Uncategorized by schooloftrade
Crude Oil day trading strategy
We have the bear price channel and the bear price wedge with a recent breakout of the price wedge highs. The bear price channel tells us the high-percentage trades will be selling at resistance, and today we have overhead at price wedge highs, 104.24, and the 104.45 lows of the trigger-zone overhead. If price breaks […]
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