Archive
Monthly Archives: August 2012
August 3, 2012
- in Uncategorized by schooloftrade
Morning Crude Oil Chart Checklist:
Heat Map: What is it telling us? Heat map says bullish Crude Oil today with the dollar index dropping OHLC Analysis: We have 2 for 2 so we are mixed today, therefor no bias Overnight Highs & Lows: We did try and move above the most recent swing-high and we failed. The buyers failed, this […]
Continue reading August 3, 2012
- in Uncategorized by schooloftrade
Non Farm Payrolls, Summertime Friday Trading Opportunities
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— MIRACULOUS LIFE; Professional traders know the key to long term success is to stay humble at all times. In order to remain humble we need to remember how far we’ve come to this point in our careers, and the small miracle that it takes just to […]
Continue reading August 2, 2012
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Price wedge strategy; Sell the highs for +100t, Buy the Lows +ticks
This morning was an incredible example of the effectiveness of our trading methods. Our trading methods can be applied to any liquid market, used on any chart timeframe, and today we took some great trades on one of our favorite futures markets, Crude Oil. This morning we knew there would be concerns over volume, while […]
Continue reading August 2, 2012
- in Uncategorized by schooloftrade
Save your eyes from those screens!
It seems obvious to point out that your eyes (and hands) are likely the most important body-part to a professional trader. Here are some useful tips to help make sure you keep those eyes in peak condition throughout your career. 1) Schedule your day with short periods of rest every 3 hours. 2) Place your […]
Continue reading August 2, 2012
- in Uncategorized by schooloftrade
Natural-Gas Trading Checklist
Heat Map: What is it telling us? Heat Map says bearish, so does the news at 1030am EST. OHLC Analysis: 3 out of 4 lower-lows so we are bearish Overnight Highs & Lows: We have broken overnight lows, Wednesday’s lows, and all the way down to Monday’s LOD. Are we inside or outside day today? […]
Continue reading August 2, 2012
- in Uncategorized by schooloftrade
First trade of the day BIG Winner using 21_TradePlan
Crude Oil didn’t waste ANY time this morning giving us a HUGE trading opportunity coming off the highs of the range after news at 830am EST pushed it higher. We saw the pattern trigger and entered short with 1 contract at the entry trigger. we add to the position, scaling into the trade and looking for additional […]
Continue reading August 2, 2012
- in Uncategorized by schooloftrade
Crude Oil Futures Trading Checklist:
Heat Map: What is it telling us? Bullish on Crude Oil according to our heat map today. OHLC Analysis: We have 2 higher and 2 lower, so there is no directional bias at this time. Overnight Highs & Lows: We tried and failed to break and stay above the overnight highs. We can see the […]
Continue reading August 2, 2012
- in Uncategorized by schooloftrade
ECB Leaves Rate Unchanged, we wait for Press Conference
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— TRADER’S PERSPECTIVE; Professional traders understand the value of looking at the markets, and life, from many different perspectives. We simply cannot understand everything in this business, and we know that there is always value in experience, so we’re looking for others to tell us their perspective to help […]
Continue reading August 1, 2012
- in Uncategorized by schooloftrade
Gold Futures trading inside multiple price wedges
Gold Futures trading inside multiple price wedge structures this morning, making it easy to know where the high percentage trades will occur. Now we need to wait to get those locations to trigger the patterns. We are selling short using the wave pattern below the PLOD and the highs of the medium-term price wedge. We […]
Continue reading August 1, 2012
- in Uncategorized by schooloftrade
Euro Currency Futures Chart Prep
The Euro is trading in a narrow range, big wicks to the candlesticks, at the highs of the bear channel and the middle of the range from Tuesday. We want to buy if price tests the PLOD, and sell if the price tests the PHOD. In other words, this lack of conviction on the euro […]
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