January 30, 2012
- in Uncategorized by schooloftrade
day trading live trade room up-date @ 1130am EST
Monday got off to a sloppy start, very sloppy price action,
had issues with connection to the server, and we had very little market
personality at the very beginning of the day
had issues with connection to the server, and we had very little market
personality at the very beginning of the day
The crude oil futures gave us an easy AB=CD Pattern but
market personality was slow we didn’t have the confidence for the entry
considering it was NOT testing the AB=CD support.
market personality was slow we didn’t have the confidence for the entry
considering it was NOT testing the AB=CD support.
Crude oil futures are transitioning around the PLOD. The sellers have failed below PLOD so we
should keep moving higher up to the 100.00 and the PHOD. If the buyers and sellers cant find a single
direction look for the PLOD to be sloppy and sideways. The dollar index will be the clue to look for
the next opportunity on crude oil futures.
should keep moving higher up to the 100.00 and the PHOD. If the buyers and sellers cant find a single
direction look for the PLOD to be sloppy and sideways. The dollar index will be the clue to look for
the next opportunity on crude oil futures.
Euro currency futures have been giving us buy signal all
morning and we got into a long position when the dollar index dropped and still
looking to buy more above 3122 21r resistance. We need this 21range wave
pattern short to fail so we can get a re-entry into a long trade on euro
currency futures.
morning and we got into a long position when the dollar index dropped and still
looking to buy more above 3122 21r resistance. We need this 21range wave
pattern short to fail so we can get a re-entry into a long trade on euro
currency futures.
We are waiting on the euro currency futures to trigger the
89-range wave pattern long, and when that triggers we will start aggressively looking
for entries LONG on the Euro.
89-range wave pattern long, and when that triggers we will start aggressively looking
for entries LONG on the Euro.
Mini-Russell Futures give us plenty of reason to
buy the lows of the price channel, trigger zone support and Double Top
support. The big clue is the dollar
index and if it keeps going lower we need to buy pullback on the Russell with
the final target of the PHOD 795.7. The
open will be a price magnet, so beware trying to buy above the OPEN until we
can get some strong market personality.
Look to buy Pullbacks if we make new higher-highs above the HOD 793.2
and the target is the PHOD.
