Archive
Monthly Archives: August 2013
Monthly Archives: August 2013
Euro Anchor Chart: Euro Anchor Chart We are trading right in the middle of this sideways-trading-range on the Euro anchor chart this morning after the Non-Farm Payroll report was released. We can see trigger-zones below us at 3172 and 3071, and we’ve drawn trend-lines above and below to create a simple price-wedge structure. We want […]
Continue readingGold Anchor Chart Gold Anchor Chart: Gold is trading lower this morning with new lower-lows after the release of the Non-Farm Payroll report. We have retraced off the 1282.5 lows and tested the trigger-zone at 1308.0. This is a very important location because if we collapse we will sell short back down to the 1282.5 […]
Continue readingDon’t Trade Non Farm Payroll Friday without this Morning Prep! Let’s finish up a great week of profits!
Continue readingClick here to get started! Life is not about ALL the wrong moves you made; Life is about the one right move that made ALL the difference. – James Lockhart This morning will be an exciting way to finish our week of trading because we have some very important news coming out at 8:30am EST. We […]
Continue readingInitial jobless claims fell to their lowest level since January 2008 and shrank more than expected. The four-week average dropped to 341K, which is below the 350K level that economists say indicates moderate job growth. Meanwhile the July ISM manufacturing index topped expectations and hit its highest level since April 2011. The key employment component […]
Continue readingCrude 60-Minute Crude has broken above the wedge high and hasn’t turned back. I am looking to sell back down for a retest. With the bullish move we had going up, I am not sure we will see a retest of that level for a while. If we continue higher I will be looking to […]
Continue readingGold Auto Trader The Gold TREND Auto Trader has been VERY active over this past week and making a KILLING doing it. This past week was very sideways from top to bottom and this shows that even an auto trader built for TREND trading can make quite a nice sum of money in sideways markets […]
Continue readingMini-Russell 60-minute: Russell 60-Minute The Mini-Russell is trading in a sideways-trading-range this morning near the highs of the price-wedge we can see on the 60-minute anchor chart. We want to sell-the-high at resistance and buy-the-lows at support when we see a price-wedge. Right now appears to be a perfect location to look for a price-reversal […]
Continue readingGold 60-minute: We can see Gold trading in the middle of the range, with trend-lines above and below us acting as major support and resistance. We are seeing big candlestick wicks and flat moving-averages this morning in the middle of a price-wedge. All of this tells us that price-action and trading opportunities will be higher-risk […]
Continue readingEuro 60-minute: The Euro is trading sideways this morning after tumbling off the recent highs after the FOMC report was released on Wednesday afternoon. Join us HERE. Euro 5-Minute: Euro 5-Minute We are inside the trading-range from London, very narrow, and just recently we broke to new lower-lows and we are anxious to see if […]
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