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Monthly Archives: February 2013

February 27, 2013

Gold Anchor Chart Prep

Gold Futures are trading in the middle of the range from Tuesday which tells us to beware the sloppy market personality in the middle will cause us to sit-on-hands and wait for the test of the highs or the lows.   Gold Anchor Chart Prep We can see a short term price-wedge which will be used […]

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February 27, 2013

Crude Oil Anchor Chart Prep

Crude Oil Anchor Chart Prep Crude Oil is trading in the middle of the long term bearish price-channel, along with the middle of the short term trading range this morning. We need to stay patient and wait for the test of the highs or the lows of the trading range.  On Tuesday this week we […]

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February 26, 2013

Euro Anchor Chart Prep

Euro Anchor Chart Prep The euro has been sticking with the bears over the past 3 weeks and the major bearish price-channel is proof of this.  We identified a newer short-term version of this bear price-channel and we can use both of the highs as resistance to look for selling opportunities.  Remember the high-percentage-trades always […]

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February 26, 2013

Mini-Russell Anchor Chart Prep

Mini-Russell Anchor Chart Prep We can see the Mini-Russell futures are trading just below the price-wedge lows on our anchor chart, which is giving us a clue that we need to anticipate a bearish price-channel along with the symmetry support. Our entry chart on the Mini-Russell shows us that we have 3 potential scenarios to […]

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February 26, 2013

Gold Anchor Chart Prep

Gold Anchor Chart Prep We can see gold futures tested our symmetry resistance level we projected on Monday, and now we find ourselves trying to re-test the same level at the highs of the bullish price-channel at 1602.5.  Remember the high-percentage-trades occur when we buy the lows of the price-channel, however, when we have an […]

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February 26, 2013

Crude Oil Anchor Chart Prep

Crude Oil Anchor Chart Prep We can see that Crude Oil has tumbled down to the lows of the long term bearish price-channel on our anchor chart.  This tells us that we have a little more room to drop, but we need to be aware of taking profit on our short positions, and staying patient […]

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February 26, 2013

SchoolOfTrade; Day Trading Strategy Morning Prep

“Successful and unsuccessful people do not vary greatly in their abilities. They vary in their desires to reach their potential.” –John Maxwell News for the week: Global Calendar: Investors will be paying close attention to Fed Chairman Ben Bernanke’s Congressional testimony on Tuesday and Wednesday, especially after the strong reaction to the minutes of the FOMC’s last […]

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February 25, 2013

Mini-Russell Anchor Chart Prep

Mini-Russell Anchor Chart Prep The Mini-Russell is trading at new higher-highs this morning however we see the resistance at 920.3 has made it difficult on the buyers, and is giving us the opportunity for the InsideOut Set-up to the downside.   If you were quick this morning you can get short at the PLOD from last […]

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February 25, 2013

Euro Anchor Chart Prep

Euro Anchor Chart Prep We can see the euro has broken out of the trading range from last Thursday and Friday and the buyers appear to be struggling to keep these highs so we will use the InsideOut Set-up to get short below either of the support levels below us starting at 1.3291, 1.3273, and […]

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