March 22, 2012
- in Uncategorized by schooloftrade
Futures trading lower; day traders prepare for weekly Jobless Claims Economic News
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Professional traders understand that we are on a journey every day learning more from the markets. If this is true, then we need to remember not to allow the old ‘baggage’ from our history drag us down in our future. Professional traders have mastered […]
Continue reading March 21, 2012
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Crude Oil Inventories & Price wedge; fade-the-breakouts for +125 ticks of Profit
=================================================================== Click here to Review what MEMBERS are saying about SchoolOfTrade.com =================================================================== Our day trading strategy this morning used 3 simple clues to formulate our trading plan, and then we just sat back and waited for the price action to come to us as we earned over 125 ticks of profit this morning with our […]
Continue reading March 21, 2012
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Crude Oil trading sloppy and sluggish ahead of inventory news this morning
We have a price wedge, inside trading day, and a very narrow and sluggish market personality on Crude Oil this morning. We can see the narrow price wedge in the middle of the major/wider price wedge so we trade the price wedge first, and then we look for fake-out breakouts above the highs and lows, […]
Continue reading March 21, 2012
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Euro day trading strategy uses the PHOD and PLOD as big clues
The euro currency futures trading inside the range from Tuesday, so looking to use the PHOD and plod as trading opportunities. As price falls I’m buying the lows, and as price rises I’m selling the highs when we are inside trading day. First thing, we need to trade the highs and the lows of the […]
Continue reading March 21, 2012
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Dollar index day trading strategy uses the price wedge as a big clue for day traders
We use the dollar index for two main reasons; first, to find the short-term-trend so we can trade against this trend using the negative dollar index correlation. Second, we look for possible turning points on the dollar index using the major support and resistance. In other words, if the dollar index is trending, we expect […]
Continue reading March 21, 2012
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Day Traders Prepare for Bernanke, Geithner, and Crude Oil Inventories News
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— You can achieve the most difficult of tasks by completing something simple today first. Professional traders understand that our trading success is an evolutionary process, with our skills improving more every day. Its vital that we don’t try and learn everything at once, and […]
Continue reading March 20, 2012
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Euro currency futures trading at the highs of the short term price wedge
The euro trading in a price wedge structure and just about to test the highs of the price wedge. We want to sell as price is rising into resistance and then once the resistance is broken we can start buying pullbacks above 1.3310. just remember to look for the fake-out breakout above the resistance at […]
Continue reading March 20, 2012
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Crude Oil trading inside the range from Monday & price wedge structure
Crude Oil day trading strategy uses the bear price channel and the price wedge to give us big clues for our trading this morning. We can see we’re trading inside the range from Monday, so PLOD and PHOD are magnets and excellent places to look for trading opportunities. Our day trading strategy for Crude Oil […]
Continue reading March 20, 2012
- in Uncategorized by schooloftrade
Dollar index trading price wedge structure giving us big red flags
We can see a short term bear price channel, which gives us a directional bias. The short-term-trend tells us the opposite direction we will consider the highest percentage trades. With the dollar index moving lower, we can rest assured as long as this trend continues the higher percentage trades will be LONG on markets such […]
Continue reading March 20, 2012
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Day Traders looking for more volume ahead of Housing Starts and Ben Bernanke
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Professional traders always understand the value of every trade they take. If we take a winning trade, we can build confidence and learn to follow trading rules. A scratch trade may be a successful avoidance of a loss, or a lack of ability to […]
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