September 30, 2009

Futures Day Trading System, Check Out All Of Our Winning Trades!

Market Content September 30, 2009
Today was another great day of trading for the School of Trade and its members! Volume was relatively high today, but it did not really enter the market until the opening of the U.S equities market as well as the release of the Crude Oil Inventories (IDENTIFY MARKET SENTIMENT FOR DAY TRADING FUTURES). Once the market started giving us quality set-ups, we were able to scalp some real profits from it, going 4 for 4 today, with a total profit of+$300.00 trading with 4 contracts. Let’s review those 4 great trades……

The first trade of the morning came on the Mini-Russell (Symbol TF), which channeled most of the early morning through electronic trading, but once a strong level of volume entered the market with the open of the U.S equities, the Mini-Russell began to take off to the downside and continued this trend into the 10:00am EST hour. Noticing that the selling pressure was beginning to slowdown, based on our pace of the tape indicator (P.O.T) we looked for a trend reversal trade with our classic 2-Step pattern. At 9:53am EST we entered the market long with a 2-step at 599.20. The stochastics quickly curled in our favor, and with larger buying coming across the ticker tape, we were able to close our trade with a profit of +3 ticks (2 contracts) totaling +6 ticks ($60). Learn more about trading the E-Mini’s at the following link: E-MINI FUTURES DAY TRADING VIDEO

Our second trade of the morning came after the Crude Oil inventories at 10:30am EST. We waited for the number to pass before taking any trades because history has told us this is a very volatile new event to trade around, and thus we take extra caution when trading the Crude Oil ( CRUDE OIL FUTURES DAY TRADING VIDEO). Once the inventories figure was released, the Crude Oil (Symbol CL) market took off to the long side, providing us with a strong rally to trade off of. At 10:45am EST we entered the market long with a breaker pattern, our basis being 67.22, we watched tentatively to see how the market reacted, with momentum in our favor, and strong buying pressure coming across the ticker tape, we were able to close our trade with a profit of +4 ticks (2 contract) for a total profit of +8 ticks ($80).

The third trade of the morning came shortly after our second one, and once again on the Crude Oil (Symbol CL). After the inventories number was released, the uptrend continued into the lunch hours, and we were able to capitalize on it. At 11:00am EST we noticed that once again a breaker to the long side was setting up (PRICE PATTERNS TECHNICAL ANALYSIS FUTURES VIDEO). We entered the market with a basis of 67.66, and were quickly able to scalp + 4 ticks (2 contracts) from the market, for a total profit of +8 ticks ($80).

Our fourth and final trade of the day was also taken off the Crude Oil (Symbol CL) and was taken almost instantly after we closed out third trade (SCALPING FUTURES DAY TRADING VIDEO). The Crude Oil market was still trending to the long side, and buyers were continuing to push price into the $68/barrel price level. At 11:02am EST, with large buyers and the trend on our side, we once again entered the Crude Oil long with a breaker pattern. With a basis of 67.87, we saw that the buyers had not left the market yet, and with momentum pushing price even higher, we were able to close our trade out with a profit of +4 ticks (2 contracts) for a total profit of +8 ticks ($80).

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