December 1, 2011
- in Uncategorized by schooloftrade
Day Trading Strategy using Crude oil Inventories
Our day trading strategy always uses the dollar index to give us easy clues for the best trading opportunities, and this morning was no different. We had a day filled with news, and the most important news was crude oil inventories at 1030am EST today. We know how to trade this report, so we were […]
Continue reading November 30, 2011
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Trade the News Market Internals update at 12:00ET
Dow +414 S&P +42 NASDAQ +89 ***Economic data*** -(CL) Chile Oct Unemployment Rate: 7.2% v 7.4%e – (US) MBA Mortgage Applications w/e Nov 25th: -11.7% v -1.2% prior – (SA) South Africa Oct Budget Balance -(ZAR): -9.9B v -17.0B prior; Trade Balance: -9.6B v -2.0Be – (US) Nov Challenger Job Cuts Y/Y: -12.8% v 12.6% […]
Continue reading November 30, 2011
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day trading strategies dollar index, crude oil, russell, euro and gold futures
We begin our day with the dollar index, which is vital to our day trading strategy with its negative correlation to the markets we trade most. The Dollar Index 89 range chart shows a bull price channel, we’ve tested the trigger zone and moved higher, only to FAIL at the 79.515 levels, and now we […]
Continue reading November 30, 2011
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Day Trading Strategies for Dollar Index , Euro, Crude, Russell and Gold futures
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Around the Globe this morning: – S&P Cuts 15 Global Banks – Markets not impressed by EU Ecofin agreement on EFSF leveraging – French Fin Min: President Sarkozy to unveil EU Treaty changes proposals on Thursday, Dec 1 -EFSF’s Regling: Leveraging up bailout fund […]
Continue reading November 29, 2011
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Price channel day trading strategy
One of the easiest price structures to find on a chart is a price channel, and we use price channels with a simple day trading strategy to take only the highest percentage trades each day. I use the trend-channel drawing tool within NinjaTrader 7 charts to help me define the channels with ease. The most […]
Continue reading November 29, 2011
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Price Wedge Day Trading Strategy earns profit on Euro currency futures
Today we used a simple day trading strategy that uses the dollar index along with the euro currency futures and crude oil futures to hit our daily goal of 30 ticks per contract. If I had to chose a price structure to trade for the rest of my career it would be an ‘inside day […]
Continue reading November 29, 2011
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Trailing Stops & Trade Management Day Trading Strategy
One of the most important aspects of a successful trading strategy is trade management, and most new traders fall victim to using the wrong type of management style for their specific type of trading strategy. Trailing stops are one aspect of a day trading strategy that most new traders learn very early in their career, […]
Continue reading November 29, 2011
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Trade the News Market Internals Update at 12:00ET
Dow +59 S&P +7 NASDAQ -1 ***Economic data*** – (SP) Spain Oct YTD Budget Balance: -€40.1B v -€37.0B prior- – (CL) Chile Oct Industrial Production Y/Y: -0.8% v +4.1%e; Industrial Sales Y/Y: -0.6% v +2.0%e – (CL) Chile Oct Total Copper Production: 466.8K v 436.7K tons – (CL) Chile Oct Retail Sales Y/Y: 8.6% v […]
Continue reading November 29, 2011
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Trade Management for different Day Trading Strategies
Trade Management for our Day trading strategies: Our different day trading strategies have different ways to manage the trades. Here is a breakdown of each. Fast Track Strategy: – Stop goes at the previous swing high/low – My target goes at the next level of support and resistance – Very specific stop and target, and […]
Continue reading November 29, 2011
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day trading strategies for dollar index, crude oil, gold, euro and russell futures
The dollar index is an important correlation tool for us, and we use the DX to find the major turning points in the market, which will help us make educated trading decisions. Our Dollar Index 89range chart shows us inside the range from Monday, at the highs of the bull channel, and most importantly, recently […]
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