August 2, 2012
- in Uncategorized by schooloftrade
Crude Oil Futures Trading Checklist:
Heat Map: What is it telling us? Bullish on Crude Oil according to our heat map today. OHLC Analysis: We have 2 higher and 2 lower, so there is no directional bias at this time. Overnight Highs & Lows: We tried and failed to break and stay above the overnight highs. We can see the […]
Continue reading August 2, 2012
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ECB Leaves Rate Unchanged, we wait for Press Conference
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— TRADER’S PERSPECTIVE; Professional traders understand the value of looking at the markets, and life, from many different perspectives. We simply cannot understand everything in this business, and we know that there is always value in experience, so we’re looking for others to tell us their perspective to help […]
Continue reading August 1, 2012
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Gold Futures trading inside multiple price wedges
Gold Futures trading inside multiple price wedge structures this morning, making it easy to know where the high percentage trades will occur. Now we need to wait to get those locations to trigger the patterns. We are selling short using the wave pattern below the PLOD and the highs of the medium-term price wedge. We […]
Continue reading August 1, 2012
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Euro Currency Futures Chart Prep
The Euro is trading in a narrow range, big wicks to the candlesticks, at the highs of the bear channel and the middle of the range from Tuesday. We want to buy if price tests the PLOD, and sell if the price tests the PHOD. In other words, this lack of conviction on the euro […]
Continue reading August 1, 2012
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E-Mini Russell Chart Prep
The e-mini russell looks like crude oil as of 900am today, in the middle of the wedge, and inside the range from yesterday. sell below the PLOD but look for the fake out breakout first. sell the highs and buy the lows of the range in the red box.
Continue reading August 1, 2012
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Crude Oil Futures Chart Prep
we are trading in the middle of the wedge. wait to buy the lows or sell the highs. beware the fake out breakout today ahead of the news at 1030am EST.
Continue reading August 1, 2012
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FOMC-Day, Manufacturing News, and Crude Oil Inventories
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— THE DOOR: The door is a metaphor that all professional traders must live by. On one side of the door is your internal self, your being, your emotions, body and mind. On the other side of the door is the material world, and all the chaos and distractions that […]
Continue reading July 31, 2012
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Crude Oil Chart Checklist
Heat Map: What is it telling us? Crude Oil heat map says +0.4% so we’re considered bullish until we see something different. OHLC Analysis: 3 out of 4 are higher, but no trigger for the OPEN trade today on Crude Oil Futures. Overnight Highs & Lows: We have broken, but failed to stay above overnight […]
Continue reading July 31, 2012
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Dollar index Chart Checklist:
Heat Map: What is it telling us? Dollar index is trading at NO volatility this morning. We have 0.0% on the heat map and this tells us two things. First, we have no strong correlation. Second, we have to be concerned about the market personality on the markets we trade. If the dollar index is […]
Continue reading July 30, 2012
- in Uncategorized by schooloftrade
Euro Currency Futures Checklist:
Heat Map: What is it telling us? Heat map says bearish -0.4% and this goes along with the dollar index correlation we saw earlier today. OHLC Analysis: 4 higher-highs so we SHOULD be bullish, but like all the markets this morning, dollar index included, the price-reversal has already occurred. We assume this is bearish. Overnight […]
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