Archive

Monthly Archives: February 2013

February 28, 2013

Mini-Russell Anchor Chart Prep

Mini-Russell Anchor Chart Prep We can see the Mini-Russell trading just below the PHOD and the highs from over a week ago which tells us that with new higher-highs we will look for both the InsideOut Set-up short if the buyers fail, or the Wave Set-Up long if the sellers fail to contain this price-action […]

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February 28, 2013

Euro Anchor Chart Prep

Euro Anchor Chart Prep The euro is moving lower this morning off the highs from yesterday, and we know that the traders in the European session this morning made their money using the InsideOut Set-up short as price came back into the range from Wednesday.  Now we find ourselves in the middle and we need […]

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February 28, 2013

Gold Anchor Chart Prep

Gold Anchor Chart Prep Gold Futures have moved lower this morning just below the range from Wednesday as we get our day started. Our anchor chart provides us with a major double-top which gives us major support below us at 1546.5 and 1524.5.  These support levels will make for an excellent location to buy. Our […]

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February 28, 2013

Crude Oil Anchor Chart Prep

Crude Oil Anchor Chart Prep Crude Oil is trading in a narrow price-wedge structure this morning on both our anchor and entry charts.  This type of price-action tells us that we need to be patient this morning and wait for the test of either the highs or the lows of the range before we take […]

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February 28, 2013

SchoolOfTrade; Day Trading Strategy Morning Prep

“It is a paradoxical but profoundly true and important principle of life that the most likely way to reach a goal is to be aiming not at that goal itself but at some more ambitious goal beyond it.”–Arnold Toynbee News for the week: Global Calendar: Investors will be paying close attention to Fed Chairman Ben Bernanke’s Congressional […]

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February 27, 2013

Highlights from Ben Bernanke’s Speech

During Q&A, Bernanke noted from a study by the CBO that economic growth would be reduced this year by 1-1/2 percent by sequestration. He sees differences between short run issues and long run issues on fiscal issues. Bernanke would prefer that fiscal solutions not be front loaded. Regarding quantitative easing, he sees improvement in labor markets, […]

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February 27, 2013

E-Mini S&P Anchor Chart Prep

E-Mini S&P Anchor Chart Prep The E-Mini S&P is trading just above the PHOD at 1497.50 so we are looking for 1 of 2 scenarios this morning.   First, if we go higher I am looking for a Wave Set-Up long above 1502.25 using our entry signal.   If price fails to move higher I am looking […]

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February 27, 2013

Mini-Russell Anchor Chart Prep

Mini-Russell Anchor Chart Prep We can see the bear price-channel and the 2 price-wedges that have developed with new swing-lows.  We can see the previous price-wedge has been broken to the downside, however, we always like to see if that old price-wedge will still act like a price-magnet and drag price-action back up higher into […]

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February 27, 2013

Euro Anchor Chart Prep

Euro Anchor Chart Prep We can see the euro looking much like other Futures markets this morning, trading sideways in the middle of the range from yesterday and in the middle of the price-wedge and bear price-channel on our anchor chart. We can see the double-top (actually a 5-top) has provided with major support starting […]

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