Archive
Monthly Archives: April 2012
Monthly Archives: April 2012
Dollar Index continues to show lack of market personality, and the only big clue we have is NO CLUE at all. The heat map says to keep watching for a falling dollar price, so we continue to trade LONG on the markets we trade as correlation. We’ve had a GREAT day in our trade room, […]
Continue readingWe can see the new short term trend has changed, We have a short term range that we need to trade within first, and then looking to buy pullbacks above the PHOD and Sell retracements below the PLOD.
Continue readingWe can see three bull price channels on the 89range chart. We have short term (which have been broken) and we have long term which are still waiting to be tested at the lows. The most important thing I see on this is the bull price channel and the support below the bull price channel. […]
Continue readingWe can see the major trading range on the 89range chart and we are in the middle of this range. We can also see the minor trading range which we will use as clear support and resistance levels. We can see the bear price channel and with that comes the bear price wedge. If price […]
Continue readingThe 89 range chart on the euro currency futures shows us the major bull price channel with the bull price wedge and the advanced price-structures support at 1.3095 and 1.3055 so we need to buy at these lows. We can buy the price wedge lows or we can buy the support levels below the price […]
Continue readingThe 89range chart shows me bear price channel with a bear price wedge and the AB=CD Pattern Support Reversal Zone and price wedge lows as support below us. Right now its very clear we have 1 option, to buy these lows of the price wedge, the price channel and the bullish AB=CD. This is an […]
Continue readingWe begin our analysis of the dollar index this morning with the heat map, which is showing us a RED performance on the USD, so we know the dollar index is moving lower which tells us the higher percentage trades will be BUYING this morning until this changes, so we will keep an eye on […]
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Continue reading=================================================================== Click here to Review what MEMBERS are saying about SchoolOfTrade.com =================================================================== This morning we got back in the saddle with our simple day trading strategy after a brief vacation for the Easter & Passover Weekend which meant we did not trade end of last week or on Monday. With that said, this is always a challenge […]
Continue readingThe euro is trading inside the range from Monday, so treat this as an INSIDE DAY, buying the lows and selling the highs of the range. We had our first trading opportunity selling SHORT at 1.3150 at the highs of the previous range for an easy winning trade @ 830am EST. We can see the […]
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