Archive
Monthly Archives: July 2012
July 25, 2012
- in Uncategorized by schooloftrade
Crude Oil Inventories on our Radar Today
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— SIMPLICITY; Professional traders must do everything in their power to keep simplicity in their trading operations every day, however this can be easier said than done. Most of us human beings over-complicate our lives, and it can be hard to return to our most simplest form […]
Continue reading July 24, 2012
- in Uncategorized by schooloftrade
Tape Reading & Pace of Tape helped earn +100ticks today
Disclaimer ———————————————- SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and Options trading […]
Continue reading July 24, 2012
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E-Mini-Russell trading at the lows of the bull price channel
10:00 EST E-Mini-Russell trading at the lows of the bull price channel just below the trigger-zone support and about to test the PLOD. We know the E-Mini-Russell loves the PHOD and PLOD, so if we make new lower-lows we sell with wave-pattern short, and if the sellers fail and move back above the PLOD we […]
Continue reading July 24, 2012
- in Uncategorized by schooloftrade
euro currency futures chart AB=CD PATTERNS
9:00am EST The euro currency futures chart this morning is confirming what we’ve known all along, that the price would move lower down to 1.200. We can see the bear price channel, the bullish AB=CD Pattern and the short term price channel support which we are currently trading on top of. Our plan today is […]
Continue reading July 24, 2012
- in Uncategorized by schooloftrade
Gold futures trading in a price wedge
8:45am EST Gold futures trading in a price wedge and we know the price structure tells us to buy the lows as support, and sell the highs as resistance. We can see that right now gold is trading just above the lows/support. We need gold futures to drop lower this morning in order to give […]
Continue reading July 24, 2012
- in Uncategorized by schooloftrade
Crude Oil Futures trading in a bullish price channel
8:30am EST Crude Oil Futures trading in a bullish price channel with the PLOD right below us and sitting on major trigger-zone support. This key level of support along with the inverted hammer candlestick pattern tells us the buyers are not strong enough, and the sellers are barely hanging on to control as we sit […]
Continue reading July 24, 2012
- in Uncategorized by schooloftrade
dollar index chart shows us the bullish price channel
8:00am EST The dollar index 144-range chart shows us the bullish price channel with a short term bullish price wedge and a recent failure to push new higher-highs. We called this a token print, because the way the candlestick looks with that BIG WICK, it tells us that the buyers tried, and failed very soon […]
Continue reading July 24, 2012
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Bears out in Europe, Chinese News Disappoints, US preps for Manufacturing Reports
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— IDENTIFY THE FUTURE: Many new traders believe that trading is all about predicting the future, and making profits from it. More accurately, professional traders work hard to identify the changes that have already occurred, using that understanding to exploit new opportunities for profits. Don’t worry about […]
Continue reading July 23, 2012
- in Uncategorized by schooloftrade
bull price channel E-Mini Russell Technical Prep
10:30am EST Quick reminder that the dollar index is rising, and we are looking for selling opportunities on the E-Mini-Russell. We can see bull price channel along with multiple bullish price wedges. We can see the trigger-zone support below us (A to B) and we can see that if we break below the 772.0 support […]
Continue reading July 23, 2012
- in Uncategorized by schooloftrade
Crude Oil futures trading in a bull price channel
10:00am EST Crude Oil futures trading in a bull price channel with the advanced price-structures giving us support at 87.60. With the dollar index moving lower after making new higher-highs this morning, we are suspicious of a short covering rally on the markets we trade such as Crude Oil. We can see the bull price […]
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