March 29, 2012
- in Uncategorized by schooloftrade
“Why Was the Fed Created?”
Prof. Selgin provides a short but comprehensive explanation of the institutional drawbacks of the United States banking system during the 19th century and how this fueled desire for financial reform.
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E-Mini-E-Mini-Russell Lunch day trading strategy
We want to buy the lows of the price channel, but we know the dollar index is trying to move higher this morning so we will sell retracements with new lower-lows below 820.5. We have 818.0 support below us from the AB=CD pattern, so use that as your final target for your short. Then look […]
Continue reading March 29, 2012
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Euro currency futures day trading strategy
The euro is trading at the lows of the major price wedge so we naturally want to buy the lows, and we expect if price moves lower it will start to stall and give us buying opportunities at the lows. We are trading on top of the PLOD so below the PLOD the sellers are […]
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Crude Oil day trading strategy
Crude Oil 89 range chart is our slowest timeframe and it shows us the major swing highs and lows, the major price structure and the most important levels of support and resistance. This morning we have Crude Oil trading at the lows of the price wedge, which tells us the higher percentage trades will be […]
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Dollar index day trading strategy
Dollar index trading at the lows of the major price wedge, and we can see we’re trading inside the range from Wednesday so we expect price can go in either direction. The 89 range chart tells me we have MAJOR support around 79.000. this support on the dollar index will be considered resistance on the […]
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Germany’s unemployment at record lows; OECD sees continuing decoupling between US and Europe in H1
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Professional traders sometimes think of themselves as warriors, going into battle each morning at the opening bell. One key difference in a trader’s attitude though is that we must work with our enemy, not against it. The market is often thought of as the […]
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Challenging Day Trading Futures Markets
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Continue reading March 28, 2012
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E-Mini-Russell day trading strategy
The E-Mini-Russell trading in a bull price channel, as the sellers have failed below the PLOD. We can see the 89 range chart shows us a wave pattern long putting us just above the PLOD where the buyers will be in control and we can buy pullbacks. As price rises I’m buying pullbacks above the […]
Continue reading March 28, 2012
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Euro day trading strategy
Euro is trading in the middle of the major bull price channel with a medium term price wedge price structure and trading just below the PLOD. The dollar index at support is great for the euro at resistance, so use the dollar index negative correlation to make educated trading decisions. We need to use the […]
Continue reading March 28, 2012
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Crude Oil day trading strategy
Crude Oil heads into a sloppy Wednesday ahead of inventories so we keep that in mind today as we get closer to 1030am EST when the news is released. We can see the 89range chart has the bear price channel, the AB=CD Pattern, the trigger-zone resistance overhead and the double-top overhead which has given us […]
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