June 12, 2012
- in Uncategorized by schooloftrade
OPEC Monthly Report, Import/Export Prices, and Bearish News from GBP
Professional traders have mastered the skill of following their trading plan 100% of the time, which allows them to avoid worrying about every little tick of the market, but rather focusing on the bigger picture how they have traded over a week, month, and quarter at a time. The wise trader knows there will be chaotic […]
Continue reading June 11, 2012
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3 Trades called, 3 winners using our Fast Track Method on Monday morning
Check back later tonight for the complete review!
Continue reading June 11, 2012
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3 jobs to be a professional trader
3 jobs to be a professional trader: Understand HOW the markets & trading tools work. Learn basic price patterns and use them for trading entries Keep your emotions under control while you look for these patterns. Learn these in sequence and keep it simple. First step, learn HOW the markets work, today is Contract Rollover […]
Continue reading June 11, 2012
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Day trading strategy for dollar index
The dollar index trading lower this morning below the PLOD and towards the upper third of the bullish price channel. We take our time with this 144-range chart on the dollar index to extract all of the vital information we need to be at our trading-best this morning. Remember the dollar index correlation is always […]
Continue reading June 11, 2012
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Monday News Prep
Monday morning, our news prep is crucial for locating the news overnight and the news today. There may be reaction to the news overnight, so we start there. Bullish news overnight from China, France and Spain will take center stage this morning with the lack of major US news. The question we need to answer […]
Continue reading June 11, 2012
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Monday Morning Prep for Professional Traders
Every new day is another opportunity to learn from the valuable clues hidden inside of every candlestick. This morning we look for clues from the people, the traders behind each move in the market, and their reasoning for it. Remember that every candlestick we see is the result of market sentiment from something in the market, and […]
Continue reading June 8, 2012
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Double-bottom helps the E-Mini-Russell earn +100ticks on Friday!
This morning we began our trading day with the knowledge that Friday’s are always a little bit unpredictable for professional traders because we know there are usually fewer traders participating and the traders that are in the market may be doing so out of urgency for fear of the weekend ahead. Every Friday we begin […]
Continue reading June 8, 2012
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Dollar index day trading strategy
Dollar index moving higher this morning mostly on the bearish comments out of the ECB overnight along with the concerns from the news from Germany and the Spain on this Friday morning. A bullish dollar index will result in falling prices on Crude Oil, E-Mini-Russell, euro and gold futures. If the dollar index keeps rising […]
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Economic News Strategy for Friday
News overnight from Germany and Spain are both bearish, with concerns over the banks in Spain and the trade balance in Germany. This is making new higher-highs on the dollar index which has pushed everything lower. Looking over the news on the schedule for today we can see the major news at 830am EST will […]
Continue reading June 8, 2012
- in Uncategorized by schooloftrade
Bears are out in Europe, Contract Rollover in US, Major News from Canada
Every new trading day is another opportunity to learn more about what makes these markets work. The first rule of a professional trader is to learn HOW the instruments and these markets work. The second job for a professional trader is to learn some simple trading patterns, and the third and final job for a […]
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