May 1, 2012
- in Uncategorized by schooloftrade
Day trading strategy using Previous Highs and Previous Lows for +225 ticks Profit
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Click here to Review what MEMBERS are saying about SchoolOfTrade.com
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This morning we began our trading session in the live trade room with some easy clues from our favorite markets, and we used these clues to earn over 225 ticks of profit in a very exciting session with our members and trial-guests.
The day began with our morning routine at 730am EST when we reviewed the economic news for the day ahead. We noticed right away there was NO major news before 930am EST which told us to be patient early this morning until after 930am EST Open. We also noticed that there was very important news at 1000am EST today which we made note as most likely the best time of the morning to trade would be 930-1100am EST today with these clues from the news.
We then opened our charts and start working with Gold, E-Mini-Russell, Euro, and Crude Oil futures. We noticed 1 thing in common on all 4 of these markets; they were all trading around either the previous high of day (Crude Oil, gold, euro) or the previous low of day (E-Mini-Russell). We love it when the markets make our day this easy because we have a very strong day trading strategy to use the previous high of day and previous low of day.Click here to read the COMPLETE
Live Trade Room Review
Prepare for tomorrow’s Live Trade Room with these Charts:
Crude Oil Futures
Gold futures
E-Mini-Russell
Futures
Futures
Euro Currency
Futures
Futures
