Archive
Monthly Archives: May 2012
May 24, 2012
- in Uncategorized by schooloftrade
+180 ticks using market personality and trading ranges as our guide
This morning we finished up a dramatic week of trading with a Thursday morning ahead of a Holiday Weekend. The first three days this week were rough, but we made our money and went home each day in green, some days this week earning over 300 ticks of profit in less than 60 minutes. Its been […]
Continue reading May 24, 2012
- in Uncategorized by schooloftrade
Hedge Fund Webinar TODAY 430pm EST
Our Hedge Fund is the Future of Asset-Management and we’re excited to show you how we are changing the industry every day! This weekly educational webinar series will discuss the many opportunities that are available to managed account clients, hedge fund managers and accredited investors. We will have basic information provided, along with current industry-related news, […]
Continue reading May 24, 2012
- in Uncategorized by schooloftrade
Day trading strategy dollar index futures
We can see the 144-range chart showing us double-bottom resistance overhead at the highs of this recent trading range. Being at the highs and at major resistance we assume this price will stall as it tries to keep rising. If the dollar index moves higher, we’re selling retracements, and if the dollar index moves lower […]
Continue reading May 24, 2012
- in Uncategorized by schooloftrade
Bad News from Europe, Durable Goods Orders & Jobless Claims Prep ahead of Holiday Weekend US
Professional traders seem to get lucky when they trade, and we understand that this luck is a byproduct of our trading strategy. Professional traders appreciate that simplicity is sophistication, and when we keep things simple we are prepared for every trading day, and things tend to line up perfectly for us more often. When we over-complicate our […]
Continue reading May 24, 2012
- in Uncategorized by schooloftrade
300-ticks in 60-Minutes? Stick to that trading plan
Wednesday morning are always filled with trading opportunities, and this morning was no different. Remarkably this morning we began with a few losses at the open, but finished the day with 60 minutes of wave patterns that helped us earn over 300 ticks of profit to close out the session well above our averages for […]
Continue reading May 23, 2012
- in Uncategorized by schooloftrade
Day trading strategy for dollar index
The dollar index trading in a wide price wedge this morning all the way at the highs of the range just below the PHOD. We consider this to be a buyers failure above the PHOD and we call it now an ‘inside trading day’ which means that price should come down lower after those sellers […]
Continue reading May 23, 2012
- in Uncategorized by schooloftrade
Markets moving lower after disappointing news from Europe
Professional traders understand there is a balancing act going on at every moment of the day, buyers and sellers pushing in opposite direction to create price action. By understanding that the markets do not operate within a vacuum, and that there is a reason price rises or falls, it’s much easier for a trader to put […]
Continue reading May 23, 2012
- in Uncategorized by schooloftrade
Day trading strategy for sloppy and sluggish markets; stick to your trading plan
This morning was definitely one of the more challenging days we’ve seen in a month or two with very low volume, inconsistent market personality, and a lack of confidence from markets such as the dollar index, E-Mini-Russell, Crude Oil and gold futures. We earned over 100 ticks today and made almost all of that […]
Continue reading May 22, 2012
- in Uncategorized by schooloftrade
Day trading strategy for dollar index
The dollar index is rising higher this morning, giving us a +0.2% reading on the heat map. We open the 89-range chart and we see an inside day, price wedge highs just overhead, the recent wave pattern and trigger-line support below us, and we can see that the current candlestick wick is telling us that […]
Continue reading May 22, 2012
- in Uncategorized by schooloftrade
Traders prep for Manufacturing News
Professional traders appreciate the value of live price action when they are learning, it can never be replaced by reading books or post-market review. Too many new traders fall victim to the idea that hindsight and back-testing can be used in replace for watching the real-time price action as it develops, and it cannot. While you’re watching […]
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