April 17, 2012
- in Uncategorized by schooloftrade
Reading Tape helped us earn over 120 ticks buying pullbacks
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This morning we began our day trading strategy with 3 simple clues that we gathered from the news today, the dollar index correlation, and a simple tape reading strategy on Crude Oil futures. We earned over 120 ticks of profit for the 2nd day in a row by using our simple day trading strategy we reviewed together with our members at 730am EST this morning.
Click here to read the COMPLETE Live Trade Room Review
The day began with ALL the major economic news coming out BEFORE 930am EST so we knew right away that the best price action opportunities would come before the 1030am EST timeframe. This told us to be looking for trading opportunities EARLY this morning, and to also be looking for clues from market personality after 1030am EST looking for the slowdown ahead of the lunch time session here in the US. This simple clue helped us avoid over-trading late in the day this morning, and we were dead-on-accurate with our assessment because price slowed down tremendously after 1030am EST.
Prepare for
tomorrow’s Live Trade Room @ 730am with these Charts:
Crude Oil Futures
Gold futures
E-Mini-Russell
Futures
Futures
Euro Currency
Futures
Futures
Click here to read the COMPLETE Live Trade Room Review
