January 31, 2012
- in Uncategorized by schooloftrade
Day trading strategy using price wedge and price channel patterns on crude oil, euro currency futures
We began the day this morning with a simple day trading strategy;
use the clues we get from the markets at 730am EST to help us create a plan for
our trading, and then simply follow our trading plan. Today our day trading strategy helped us earn
over 200 ticks of profit on some very exciting markets.
use the clues we get from the markets at 730am EST to help us create a plan for
our trading, and then simply follow our trading plan. Today our day trading strategy helped us earn
over 200 ticks of profit on some very exciting markets.
We began our day with the news, which showed us some early
morning opportunities to see price action moving around for us. We had consumer confidence at 1000am EST as
the biggest news report of the morning so we knew we had to be ready early and
then watch the clock after 1030am EST to see if market personality slowed down
at all, and it definitely did.
morning opportunities to see price action moving around for us. We had consumer confidence at 1000am EST as
the biggest news report of the morning so we knew we had to be ready early and
then watch the clock after 1030am EST to see if market personality slowed down
at all, and it definitely did.
By 930am EST this
morning we had already earned over 100 ticks of profit with our simple day
trading strategy; watch for the dollar index to bounce off the lows of the
range and then sell the highs on crude oil futures, euro currency futures, and
Mini-Russell Futures.
morning we had already earned over 100 ticks of profit with our simple day
trading strategy; watch for the dollar index to bounce off the lows of the
range and then sell the highs on crude oil futures, euro currency futures, and
Mini-Russell Futures.
Our first trade was a classic example of using a slower
timeframe to give us an easy pattern that took us up to the highs, and then by
900am EST we were selling those highs aggressively on CRUDE and Euro. All we did was follow our day trading plan,
which we planned together live at 730am EST.
timeframe to give us an easy pattern that took us up to the highs, and then by
900am EST we were selling those highs aggressively on CRUDE and Euro. All we did was follow our day trading plan,
which we planned together live at 730am EST.
By 1000am EST this
morning we had earned way over our daily goal and we were simply trying to
stick to our day trading strategy we set forth earlier in the day. Not so easy when the markets kept moving
lower and we had plenty of room to keep selling off with it! We earned a total of 217 ticks this morning
in another example of how important it is for us to follow our plan every trade
of the day.
morning we had earned way over our daily goal and we were simply trying to
stick to our day trading strategy we set forth earlier in the day. Not so easy when the markets kept moving
lower and we had plenty of room to keep selling off with it! We earned a total of 217 ticks this morning
in another example of how important it is for us to follow our plan every trade
of the day.
Did you miss the
action today? Don’t miss tomorrow
when we open up another live trading session at 730am EST. Remember, our morning prep is posted DAILY
M-F at 730am EST and we look forward to another profitable day tomorrow!
action today? Don’t miss tomorrow
when we open up another live trading session at 730am EST. Remember, our morning prep is posted DAILY
M-F at 730am EST and we look forward to another profitable day tomorrow!
Don’t forget about our automated trading systems! Check out this month’s performance posted
on our auto-trader blog!
on our auto-trader blog!
