May 21, 2013
- in Uncategorized by schooloftrade
Simple Day trading strategy earns profit on any futures market
Professional
day traders all have one thing in common; they trade a simple day trading
strategy that has proper risk-management, simple entry and exit rules, and a
proven track record. In today’s video I
want to review the day trading strategy we used this morning in our Live Trade
Room to earn some incredible profit with our members. Remember to join our 1-week trial membership
so you can test-drive our day trading strategy and see if it’s something you
can make profit with as well.
The most important
aspect to a day trading strategy is proper risk-management, simple entry and
exit rules, and a proven track record.
aspect to a day trading strategy is proper risk-management, simple entry and
exit rules, and a proven track record.
 |
| Euro Day Trading Strategy |
We used a price
channel set-up this morning to trade short on the Euro currency futures market. A bearish price channel tells us that selling
at the highs, or resistance above the highs will be the high-percentage-trade. We also look for buying opportunities around
the lows of a bullish price channel. For
this bearish price channel we used our Advanced Price-Structures to determine
that the price channel itself was VERY high percentage. When the Fibonacci ratios line up on the price
channel we know right away that this is a trade we want to take.
channel set-up this morning to trade short on the Euro currency futures market. A bearish price channel tells us that selling
at the highs, or resistance above the highs will be the high-percentage-trade. We also look for buying opportunities around
the lows of a bullish price channel. For
this bearish price channel we used our Advanced Price-Structures to determine
that the price channel itself was VERY high percentage. When the Fibonacci ratios line up on the price
channel we know right away that this is a trade we want to take.
 |
| Crude Oil Day Trading Strategy 1 |
A bearish price channel
tells us that selling at the highs or resistance above the highs will be the high-percentage-trade
tells us that selling at the highs or resistance above the highs will be the high-percentage-trade
 |
| Crude Oil Day Trading Strategy 2 |
We traded
using a price-reversal set-up this morning on Crude Oil futures after seeing
price test the lows of a time-specific trading range we had located BEFORE we
took our first trade. We had
opportunities to buy the lows of this range 2 times before it finally broke to
new lower-lows. Once price-action moved
lower on Crude Oil we had a specific buy-zone waiting for us below, which made
for another easy price-reversal set-up and another winning trade today.
The MiniRussell was one of the easiest trades we took this morning, and we love trading
the Mini Russell because it provides us with many high-percentage-trades every
session in the Live Trade Room and is one of our favorite e-mini markets. This morning the Mini Russell tested the
highs of our time-specific trading range, and when we saw the price-reversal on
our range charts we knew exactly what to do.
We looked for the ‘M’ pattern at the highs of the range, and used a stop-limit
order to enter short, and a profit-target all the way at the lows of the
trading range. This was a great example
of some of the easiest trading opportunities we see every day.
We looked for the ‘M’
pattern at the highs of the range, and used a stop-limit order to enter short,
and a profit-target all the way at the lows of the trading range
pattern at the highs of the range, and used a stop-limit order to enter short,
and a profit-target all the way at the lows of the trading range
===========================================================
Want to see me trade LIVE?
Our Live trade-room is open for TRIAL
MEMBERS.
MEMBERS.
Did you see the Crude Oil Prep?
Are you coming to Las Vegas for the
Trading Summit?
Trading Summit?
Join the Premier Live trade-room as
an Advanced Member
an Advanced Member
