Archive
Monthly Archives: May 2012
May 15, 2012
- in Uncategorized by schooloftrade
Dollar index day trading strategy
We can see a bear price channel along with the short term bear price wedge and the trigger-zone resistance in the red rectangle around 80.500. this is considered a transition area, and tells us there will be resistance overhead along with a possible slowdown in price, followed by sideways chop, and then a full reversal […]
Continue reading May 15, 2012
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Traders Prep for Busy Economic News Calendar & Tim Geithner
Professional traders trust price action, and nothing else. In a world where online guru’s and market forecasters seem to know exactly where everything is going (for a price), the wise professional traders understands that the only truth in this world is price action. Rather than spending our time listening to TV personalities and Main-stream media, we as […]
Continue reading May 14, 2012
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Monday morning day trading strategy earns +150 ticks the EASY way
Joe’s Trades Today Monday morning always seem to come much too quickly for us professional day traders. Wishing a Happy Mother’s Day to all the Moms out there, and we kicked off another week of trading with a HUGE Monday morning which used a very simple day trading strategy tailored for a Monday, and […]
Continue reading May 14, 2012
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Crude Oil Trading Short; Looking for Profit Targets
Crude Oil trading at the range highs so we SELL the highs and we’re looking for the best place to take our final profit target. We can see three distinct clues to take profit. First, we have the trigger zone which is the easiest of all the targets. Second, we have the short term (narrower) […]
Continue reading May 14, 2012
- in Uncategorized by schooloftrade
Crude Oil day trading strategy using sideways ranges
Crude Oil futures trading sideways right now and you can see 2 distinct sideways ranges. We know to sell the highs and buy the lows of each trading range, after we look for the fake-out breakout first. You can see the range within the range, so sell the highs first, and then sell the highs […]
Continue reading May 14, 2012
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Greece takes center-stage as New Week starts without major news
Happy Mother’s Day to all the moms. Every day is another opportunity to learn from the market we’re trading today. Every day brings a new reason to step back and smile because this is an amazing life we live as professional traders, and the freedom that comes with this career enables so much. Every new day is another […]
Continue reading May 11, 2012
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Friday Day trading strategy; Sideways Ranges & Market personality earn +200ticks
This morning was a Friday, which means we have a specific day trading strategy that is tailored to trade at the end of the week. Friday’s can be tough for new traders because there is less consistency in the volume or amount of traders in the market at any given time. We see periods of high […]
Continue reading May 11, 2012
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Day trading strategy for dollar index correlation
The dollar index trading higher this morning but the heat map and market personality tell us we can’t use the correlation like we want to without some decent market personality. Without a lot of speed we know the dollar index will drag down everything else and cause other markets to be sloppy this morning as […]
Continue reading May 11, 2012
- in Uncategorized by schooloftrade
Traders prep for Producer Prices & Consumer Sentiment to finish the week
Professional traders understand that the markets we trade speak every language, they can be read by both young and old alike, and give anyone that listens the opportunity to learn and profit from its opportunities. The markets don’t care if we’re a rookie or a wise veteran, and the price action clues cross over all languages […]
Continue reading May 10, 2012
- in Uncategorized by schooloftrade
Jobless Claims drop, Crude Oil Pops buying pullbacks +175ticks
This has been an incredible week of trading in our live trade room, and today we earned over 175 ticks of profit trading Crude Oil and E-Mini-Russell. This morning we started with clues from the news at 830am, the we used the heat map from our morning prep to find the best direction, and […]
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