July 30, 2012
- in Uncategorized by schooloftrade
E-Mini-Russell Charts Checklist:
Heat Map: What is it telling us? Heat map says +0.2% which is less than our minimum so we assume this will be sloppy until something. OHLC Analysis: We have higher-highs across all 4, we assume we are bullish. Overnight Highs & Lows: We broke the overnight highs (bullish) but just failed moments later and […]
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Crude Oil Morning Checklist:
Crude Oil Chart Prep Heat Map: What is it telling us? Negative 0.4% means it is dropping this morning, makes sense knowing the dollar index is bullish. OHLC Analysis: Something wrong here! We have a bullish bias and price is falling! Overnight Highs & Lows: We have new lower-lows telling us this market is bearish. […]
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Dollar index trading Checklist:
Heat Map: What is it telling us? Bullish at +0.3% OHLC Analysis: It says we should be bearish. This tells me there’s a reversal coming, or the price-reversal has already occurred. Overnight Highs & Lows: We have broken overnight highs, this is bullish. A bullish dollar index means bearish markets, so we look to sell […]
Continue reading July 27, 2012
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Summer-Friday day trading strategy earns EASY +80ticks in TOUGH Markets
LIVE Trades Today This morning we finished up another week filled with learning and earning opportunities in our live trade room(s). First, this was the last full week of the month so we know why there was a little less volume this week. Second, the Friday’s are always going to be an early start and […]
Continue reading July 27, 2012
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Pretty slow and sloppy, barely bullish on the heat map @ +0.3%
E-Mini-Russell Checklist: Heat Map: What is it telling us? Pretty slow and sloppy, barely bullish on the heat map @ +0.3% OHLC Analysis: We are seeing higher-highs and higher-lows we are assumed to be bullish, but we need to confirm this with price action. Overnight Highs & Lows: We saw the buyers FAIL when they […]
Continue reading July 27, 2012
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Crude Oil is moving higher according to the heat map
Crude Oil Futures Checklist: Heat Map: What is it telling us? Crude Oil is moving higher according to the heat map. OHLC Analysis: Higher-highs across the board, we assume this will result in rising prices, so our bias is bullish. Overnight Highs & Lows: We tested the early morning lows and the support has held. […]
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Dollar Index Technical analysis prep
Dollar Index Checklist: Heat Map: What is it telling us? We do not use the dollar index correlation below 0.3% and today we are outside of our tolerance. This may change, but as of 830am EST the dollar index has no market personality and we will not use the correlation until it changes. OHLC Analysis: […]
Continue reading July 27, 2012
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GDP, Consumer Confidence & Summer-Friday Trading Opportunities
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— DRAGON WITHIN; In an Eastern context, the Dragon refers to someone of great potential, although this potential cannot be seem at first. For a professional trader, the dragon inside of us begins hidden away, under the surface, ready to emerge like clouds forming before a storm. […]
Continue reading July 26, 2012
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Sloppy Summer Markets can’t stop profits with this day trading strategy
This morning was incredible! The price-action was slow and sloppy, this is going to happen in the summer, but the amazing thing today was the ‘Fast-Track Trading Method‘ trading we took at the highs of the range on Crude Oil and E-Mini-Russell. We entered short when the buyers failed at the highs of the […]
Continue reading July 26, 2012
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E-Mini Russell Chart Prep
Heat Map: What is it telling us? Bullish heat map OHLC Analysis: 2 out of 4 are confirming. This is mixed, so no directional bias. Overnight Highs & Lows: Above the overnight highs so we’re bullish Are we inside or outside day today? Outside day, above PHOD. Bullish market personality, but open to anything. What […]
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