June 6, 2012
- in Uncategorized by schooloftrade
No Volume, No market personality, bearish market sentiment earns EASY profit
Days like today are one of the reasons we are so confident in our simple day trading strategy. This morning was a classic example of a day in the markets where everyone came in ready to wait until tomorrow. We found out right away this morning the volume was low, the market personality was nothing, but […]
Continue reading June 5, 2012
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Day trading strategy dollar index
We use the 144-range chart to get us started with the plan of attack on the dollar index this morning at 730am EST. this is our slowest timeframe and it shows us the bull price channel, the AB=CD Pattern pattern and the double-bottom which all have provided overhead resistance. This 144-range chart does an great […]
Continue reading June 5, 2012
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More Bears in Europe after Retail Sales come lower; US Traders Stay patient ahead 10am News
Professional traders understand that bad trades happen to great people, but it can sometimes be too easy to feel sorry for ourselves because of losses or mistakes we’ve made along the way. “I’m working very hard, I am a very smart person, and these markets are out to get me” is a typical scenario you […]
Continue reading June 4, 2012
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+300ticks LIVE Day Trading Market Personality Clues on Monday
Did we just earn 300-ticks of LIVE profit on a Monday morning? Anything better would be a clean sweep of New Jersey for the Stanley Cup coming here to Los Angeles, but we won’t get ahead of ourselves too much today, after all, it’s only Monday. Don’t even get us started on the Celtics! Click […]
Continue reading June 4, 2012
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Crude Oil Open trade earns an easy +30ticks
Crude Oil Open Trades Says SELL SHORT today @ 800am One of our favorite day trading strategies is called the ‘Crude Oil Open’ trade, which ultimately tells us to sell short this morning at 830am est and take profit at the OPEN at 900am est. this trade has well-above 90% accuracy and today was another […]
Continue reading June 4, 2012
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Day trading strategy dollar index
Day trading strategy dollar index We take our time on a Monday morning without any major news before 930am EST and also knowing the UK Queens Jubilee which will cause a little bit of lower volume before we kick start the week. Our plan on a Monday is to have fun, get back into the […]
Continue reading June 4, 2012
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UK Holiday, Another big opportunity ahead in the US Markets
Every new trading day is another opportunity to learn from LIVE price action. Professional traders appreciate the value of their education when they use the live markets because the ‘unknown’ is the best teacher. When we use hindsight to analyze the markets our minds can ‘cheat’ and think ahead. When professionals watch LIVE price action they don’t know […]
Continue reading June 1, 2012
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+200ticks Bearish Market Sentiment helps Non Farm Payroll Trading Strategy
Friday’s are always a great day in our live trade room with members because we get to trade early in the session, take our money out of the market for the week, and then spend time answering questions and talking about different trading topics. Today we began bright and early with 830am news in the US […]
Continue reading June 1, 2012
- in Uncategorized by schooloftrade
Day trading strategy dollar index
Dollar index trading at the highs of the major bull channel. We can also see a short term bull price channel along with the recent bearish AB=CD Pattern and the double-bottom resistance overhead. This dollar index has been on a bullish run for the last few weeks, and as of today we are at the […]
Continue reading June 1, 2012
- in Uncategorized by schooloftrade
New Month, New Goal, Same Effective Trading Strategy ahead of MAJOR News today
Professional traders run their businesses on confidence, rather than fear. The confident trader enters the market with a trading plan every day, and when he/she follows this plan they see success. A fearful business owner runs his/her business on the fear of the unknown, and in turn never sees great success. A rookie trader enters the market in […]
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