Archive
Monthly Archives: October 2012
October 29, 2012
- in Uncategorized by schooloftrade
Hurricane day trading strategy starts the week
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— THE BEST LEADER: What makes the best leader? Is it the person people admire most? Is it the person who gets the job done right? Most people never even get to know the REAL leader, because the people who actually get the job done […]
Continue reading October 26, 2012
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+200t Friday day trading strategy Crude Oil, Mini-Russell, Gold, Euro Futures
This morning we executed a very simple day trading strategy which took into account Friday’s market personality along with what we expected to see from the GDP news and Consumer sentiment. We traded some of our favorite futures markets, including Crude Oil, Gold, Mini-Russell, and the Euro currency futures. This morning started off with a […]
Continue reading October 26, 2012
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Profit targets filled on the Crude Oil Futures Trades
Crude Oil is making our day HUGE today! we bough the lows of the wedge for the first trade of the morning, and then just recently closed out of our 2nd big winning short trade off the highs of the SAME price structure. All these trades called LIVE in the room today! Members are making […]
Continue reading October 26, 2012
- in Uncategorized by schooloftrade
Crude Oil Futures morning prep:
The 30-minute chart on Crude Oil this morning shows us consolidation ahead of the GDP news (no surprise there) and then a very bullish reaction to the news. If this candlestick closes at the highs, we will then assume this market personality is bullish, and a test of the PHOD is most likely. If this […]
Continue reading October 26, 2012
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US GDP and Consumer Confidence to Finish the Week
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— DILIGENT TRADER: Diligence is the discipline to progress in a purposeful direction with consistency. This should not be confused with strife, which is the strenuous effort to complete a task, which often shows poor results and inefficiencies. Many successful traders have difficulty balancing their personal and professional lives between […]
Continue reading October 25, 2012
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Afternoon Trading Up-date; Fake-Out Breakout trading at its best
We just wrapped up another profitable day of trading in our live trade room this afternoon with profitable trades on both the Mini-Russell and the Crude Oil Futures markets. The Mini-Russell had been trading in a price-wedge most of the day, and we bought the lows of the price-wedge twice today for over 100 ticks […]
Continue reading October 25, 2012
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Triangles, Wedges, High Percentage Trading Profits
LIVE Russell Trading This morning was one of those days every member of SOT dreams about, while everyone else has nightmares over. Today we opened our trade room at 8:00am EST with sleepy market personality and sideways trading ranges. Most new traders would look at this market personality and stay away, maybe even grab the golf […]
Continue reading October 25, 2012
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Mini-Russell Futures Morning Prep:
Overnight we saw higher-highs, and higher lows. This is bullish clue. We can see the BIG WICK to the most recent candlestick, which is a big clue for a possible price-reversal. A big clue comes when we use the recent swing-low at 803.7 and the 2 recent swing-highs up at 841.8 and 852.1. we used […]
Continue reading October 25, 2012
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Euro Currency Futures Morning Prep:
The dollar index appears to have failed to the downside. We see lower-lows early in the session. We see higher-highs most recently. We failed below the PLOD, and when we break back above this is a big BULLISH clue. We can see overnight highs were tested, and they held as resistance. We can see the […]
Continue reading October 25, 2012
- in Uncategorized by schooloftrade
Crude Oil Morning Prep:
Crude Oil tumbled all the way to the lows of the bear price-channel and bounced off the confluence (multiple) price-structure support levels. We have the price-channel and the double-top support both around 85.00. We can also see a long term 89-range wave-pattern-short setting up at this time, with a failure price above 86.75 (trigger-line). With […]
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