March 19, 2012
- in Uncategorized by schooloftrade
Fake-out breakout day trading strategy earns +80t Monday after Quadruple Witching
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Our day trading
strategy this morning was easy; we
took the whole week off last week in our trade room, so it was vital that we
got back to work, back in the rhythm of the markets we trade, and back into the
confidence we left off from last Friday before we went on break for Quadruple
Witching.
Remember, the key to day trading ANY market this morning was
to take it slowly. Last week we had most
professional traders on the sidelines, along with contract rollover on most
markets end of the first quarter, so we had to assume that many traders would
be fumbling around with contract rollover, the DST change here in the US, and
let’s not forget possibly burning off the alcohol they consumed on St Patty’s
Day. Needless to say, this morning it
was EASY to assume we would take it slow, get back into the routine, and wait
for the market personality make it clear to us that traders were back in the
saddle again.
to take it slowly. Last week we had most
professional traders on the sidelines, along with contract rollover on most
markets end of the first quarter, so we had to assume that many traders would
be fumbling around with contract rollover, the DST change here in the US, and
let’s not forget possibly burning off the alcohol they consumed on St Patty’s
Day. Needless to say, this morning it
was EASY to assume we would take it slow, get back into the routine, and wait
for the market personality make it clear to us that traders were back in the
saddle again.
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| 2 Trades Called Live, 2 Winners |
This morning we
earned 86 ticks of profit using 1 simple strategy and 2 trades short on Crude
Oil futures. The day began with a
MONSTER clue from the dollar index. The dollar
index was trading in a narrow range, and when we see that we always know what
to expect, so we looked for new higher-highs and then we proceeded to
fade-the-breakouts and we sold short as soon as the buyers lost grip of the
market and price tumbled down towards the PHOD.
earned 86 ticks of profit using 1 simple strategy and 2 trades short on Crude
Oil futures. The day began with a
MONSTER clue from the dollar index. The dollar
index was trading in a narrow range, and when we see that we always know what
to expect, so we looked for new higher-highs and then we proceeded to
fade-the-breakouts and we sold short as soon as the buyers lost grip of the
market and price tumbled down towards the PHOD.
 |
| Dollar Index Trading Strategy |
Crude Oil made it almost too easy this morning; the first clue we got was a price wedge
structure with overhead resistance just above 108.45 and the PHOD, and then we
checked the 34 and 21 range charts to find a bear price channel overhead as
ANOTHER reason to sell the highs. Our
trading plan this morning was perfect.
If price rises we were waiting for the buyers to fail so we could sell
the highs of the range. We also knew
that if price dropped lower we were BEGGING it to get below the PHOD so we
could sell it short again as well.
Remember, we LOVE it when the price on ANY market moves above and below
the PHOD or PLOD, so be sure to come to our next training and learn all about
it.
structure with overhead resistance just above 108.45 and the PHOD, and then we
checked the 34 and 21 range charts to find a bear price channel overhead as
ANOTHER reason to sell the highs. Our
trading plan this morning was perfect.
If price rises we were waiting for the buyers to fail so we could sell
the highs of the range. We also knew
that if price dropped lower we were BEGGING it to get below the PHOD so we
could sell it short again as well.
Remember, we LOVE it when the price on ANY market moves above and below
the PHOD or PLOD, so be sure to come to our next training and learn all about
it.
 |
| Crude Oil 89Range Bear Price Channel |
 |
| Crude Oil Fast timeframe |
Today was an excellent example of how we trade a Monday
after OPEX and Quadruple Witching, and most importantly, a great example of how
a simple day trading strategy can lead to easy profits if you come in early,
plan your trades, and then trade your plan.
after OPEX and Quadruple Witching, and most importantly, a great example of how
a simple day trading strategy can lead to easy profits if you come in early,
plan your trades, and then trade your plan.
Our trade room re-opens tomorrow @ 730am EST for members and
Guests. Remember, we are members-only
after 1130am EST and we review all the specific details of our trading method
after we close up for Guests. Don’t miss
another day without being properly trained on this method!
Guests. Remember, we are members-only
after 1130am EST and we review all the specific details of our trading method
after we close up for Guests. Don’t miss
another day without being properly trained on this method!
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I trade my own account in our
live trade room, My trading statements are available on request
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