Archive
Monthly Archives: October 2012
October 2, 2012
- in Uncategorized by schooloftrade
Range-bound market makes for easy price-reversal trading Crude Oil and Euro Currency Futures
This morning we had some big concerns before we got started at 8:00am EST with our morning prep. First concern was the lack of major news this morning, and the second concern was the looming Non-Farm Payroll report due out on Friday which we knew would be a reason for the BIG money to sit […]
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Morning Euro Checklist:
Heat Map Review: Heat map says the euro is a moving market, rising at +0.3% so we look for high-percentage-trades today. Overnight Highs & Lows: Our 30-minute chart on the euro shows a lot of bullish market sentiment. Higher-highs and higher-lows along with the close of the recent candlestick above the PHOD. These are all […]
Continue reading October 2, 2012
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Crude Oil trades in sideways range
We can see from this 21-Range chart that Crude Oil is trading in a narrow price wedge, inside the range from Monday. We used Price Alert Indicators to remind us when the best time is going to be for us to look for a trade. We cant guarantee we will get a possible trade when […]
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Morning Crude Oil Checklist:
Heat Map Review: The Crude Oil price-action this morning is moving higher at +0.3% Overnight Highs & Lows: Overnight highs and lows were both tested and both held, telling us this is a range-bound market which means we will use that as our biggest clue. We know to buy-the-lows at support and sell-the-high at resistance […]
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Patience and discipline to follow trading plan; no major economic news
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— The Trader’s Journey; A professional trader goes through many phases of their careers, and even though every person has a different story to tell, they are always consistent with other traders. Think of where you are today, where you’ve been in the past, and where you’re working hard to […]
Continue reading October 1, 2012
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Day trading strategy waits for market personality to trigger entry on high-percentage-trades
This morning was an excellent example of EXACTLY what we referred to in our Morning Prep this morning at 8:00am EST. We always have to be patient on a Monday morning, and today our patience was rewarded with some serious profit late in the morning of the US trading session just before Ben Bernanke took the stage. […]
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Morning Crude Oil Checklist:
Heat Map Review: The heat map says that Crude Oil is NOT a moving market at -0.2%. we want to see great than or equal to 0.3% to consider this a volatile, and high-percentage-market. Overnight Highs & Lows: We created overnight lows and never went back, making new higher-lows along the way for our first […]
Continue reading October 1, 2012
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Monday Trading Strategy; Manufacturing News and Ben Bernanke
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— TUNE IN FOR SUCCESS: Think of yourself as a radio when you’re trying to learn a new skill today. We all know the sound of a crystal-clear reception to your favorite music station, and it’s easy to tell the difference when you change the dial to a station […]
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