February 4, 2013
- in Uncategorized by schooloftrade
SchoolOfTrade; Day Trading Strategy Morning Prep
“Believe you can and you’re halfway
there.” -Theodore Roosevelt
there.” -Theodore Roosevelt
News for the day:
This morning we begin
a new week of trading in our live trade room with no major news before 9:30am
EST. On top of that, lets recall the
major news from last Friday most likely means large fund managers come to their
desks early this morning to analyze their positions and make sure it all makes
sense with Monday’s market-personality. This
will slow things down from getting the week started, and this is a substantial
clue for new traders to be patient for the first trade of the week, and look
for the best market-personality and price-action between the hours of 9:30am
and 11:30am EST this morning.
a new week of trading in our live trade room with no major news before 9:30am
EST. On top of that, lets recall the
major news from last Friday most likely means large fund managers come to their
desks early this morning to analyze their positions and make sure it all makes
sense with Monday’s market-personality. This
will slow things down from getting the week started, and this is a substantial
clue for new traders to be patient for the first trade of the week, and look
for the best market-personality and price-action between the hours of 9:30am
and 11:30am EST this morning.
Monday’s are always an easy way to dig yourself into a hole
to start the week, so let’s be patient this morning as traders come back to
their desks and get this party started-up again!
to start the week, so let’s be patient this morning as traders come back to
their desks and get this party started-up again!
8:20am EST: Gold & Currency Futures Open
8:30am EST: Market personality Check
9:00am EST: Crude Oil Futures Open
9:30am EST: US Markets Open
10:00am EST: Factory Orders [945]
10:30am EST: Market personality Check
12:00pm EST: Lunch Break
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