Archive
Monthly Archives: June 2012
June 7, 2012
- in Uncategorized by schooloftrade
+250 ticks using a simple price wedge structure and the dollar index correlation with the euro
We got off to a quick start this morning in the live trade room with early morning news that got us moving early, and some easy dollar index correlation trades using the euro. We earned over 250 ticks this morning using a simple day trading strategy that anyone can learn, and we demonstrate live in […]
Continue reading June 6, 2012
- in Uncategorized by schooloftrade
Day trading strategy dollar index
Not much has changed from earlier this week on the dollar index chart. We can see from the 144-range chart that we’re at the price channel highs and have been trading sideways for the past few days. We can assume that when ANY market sits at new higher-highs and then trades sideways is looking for […]
Continue reading June 6, 2012
- in Uncategorized by schooloftrade
ECB Press Conference, Crude Oil Inventories, Market Personality on our Radar
Professional traders have mastered the skill of staying centered. Our days can be chaotic at times, with lots of different things happening at once, pulling our attention and emotions in what appears to be too many directions to keep it all together. Professional traders understand that if they stay ‘centered’ they can control all the chaos by […]
Continue reading June 6, 2012
- in Uncategorized by schooloftrade
No Volume, No market personality, bearish market sentiment earns EASY profit
Days like today are one of the reasons we are so confident in our simple day trading strategy. This morning was a classic example of a day in the markets where everyone came in ready to wait until tomorrow. We found out right away this morning the volume was low, the market personality was nothing, but […]
Continue reading June 5, 2012
- in Uncategorized by schooloftrade
Day trading strategy dollar index
We use the 144-range chart to get us started with the plan of attack on the dollar index this morning at 730am EST. this is our slowest timeframe and it shows us the bull price channel, the AB=CD Pattern pattern and the double-bottom which all have provided overhead resistance. This 144-range chart does an great […]
Continue reading June 5, 2012
- in Uncategorized by schooloftrade
More Bears in Europe after Retail Sales come lower; US Traders Stay patient ahead 10am News
Professional traders understand that bad trades happen to great people, but it can sometimes be too easy to feel sorry for ourselves because of losses or mistakes we’ve made along the way. “I’m working very hard, I am a very smart person, and these markets are out to get me” is a typical scenario you […]
Continue reading June 4, 2012
- in Uncategorized by schooloftrade
+300ticks LIVE Day Trading Market Personality Clues on Monday
Did we just earn 300-ticks of LIVE profit on a Monday morning? Anything better would be a clean sweep of New Jersey for the Stanley Cup coming here to Los Angeles, but we won’t get ahead of ourselves too much today, after all, it’s only Monday. Don’t even get us started on the Celtics! Click […]
Continue reading June 4, 2012
- in Uncategorized by schooloftrade
Crude Oil Open trade earns an easy +30ticks
Crude Oil Open Trades Says SELL SHORT today @ 800am One of our favorite day trading strategies is called the ‘Crude Oil Open’ trade, which ultimately tells us to sell short this morning at 830am est and take profit at the OPEN at 900am est. this trade has well-above 90% accuracy and today was another […]
Continue reading June 4, 2012
- in Uncategorized by schooloftrade
Day trading strategy dollar index
Day trading strategy dollar index We take our time on a Monday morning without any major news before 930am EST and also knowing the UK Queens Jubilee which will cause a little bit of lower volume before we kick start the week. Our plan on a Monday is to have fun, get back into the […]
Continue reading June 4, 2012
- in Uncategorized by schooloftrade
UK Holiday, Another big opportunity ahead in the US Markets
Every new trading day is another opportunity to learn from LIVE price action. Professional traders appreciate the value of their education when they use the live markets because the ‘unknown’ is the best teacher. When we use hindsight to analyze the markets our minds can ‘cheat’ and think ahead. When professionals watch LIVE price action they don’t know […]
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