Euro Currency day trading earns +100ticks, Could we KEEP the profit?

 

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This morning was another great example of how a simple trading plan can produce remarkable results in your trade account.  We began the trading session this morning at 730am EST with a simple morning prep that successfully indentified key levels of support and resistance along with the market personality on the dollar index.

The first thing step to my morning routine is the review the news overnight in Europe, then followed by planning for the news we have today, and tomorrow.  This morning we knew that there wasn’t much that happened overnight, and there were some major news events early this morning as well as a VERY important news report due out tomorrow (Friday) at 830am EST.  the news this morning told us to get into the markets early with the volume entering around the Jobless Claims and ECB Press Conference at 830am EST.  The news tomorrow morning (Non Farm Payrolls) told us that we needed to beware over-trading too late in the morning because we expected most of the big-money traders would leave the market earlier than normal in preparation of tomorrow’s news.  We were exactly correct in these assessments this morning and we used these clues to help us earn profit, and KEEP the profits today.

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Live Trade Room Review

Prepare for tomorrow’s Live Trade Room with these Charts:
Crude Oil Futures
Gold futures
E-Mini-Russell
Futures
Euro Currency
Futures

Day trading
strategies

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Live Trade Room Review

    schooloftrade

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