September 6, 2011
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Price Channel Trading Strategy
Price Channels are drawn with the Trend Channel Tool in NinjaTrader 7. Channels are very easy to trade using the directional bias of the channel. Bull channel has higher highs and higher lows and you will buy pullbacks with new highs. Buy at support when price falls. Remember, trying to buy the highs of a […]
Continue reading September 6, 2011
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Price Wedges give day trading opportunities Gold, Crude and Euro
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Gold Futures trading lower this morning after news of Swiss currency peg – Crude Oil rebounds after sharp drop after currency peg weakens the US Dollar – Markets reacting after a sharp decline in European markets on Monday, Labor Day Holiday in the US […]
Continue reading September 1, 2011
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Fake-Out Breakout was easy with these clues from Russell Futures
· Closed Friday ahead of the long weekend, re-open Tuesday Sept 6th, next Tuesday. · Monday markets are closed for Labor Day Holiday. · Support Team is on vacation today through Tuesday as well. 815am est Crude oil trading at the highs of the major bullish price channel on the 89range chart. We have clues […]
Continue reading September 1, 2011
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Gold looks for Clues, Crude Oil tests Range Highs, and Euro is ready to be bought ahead of Jobless Claims
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude Oil chops around its price channel highs, looking for selling opportunities – Gold sideways in the middle of its bull price channel, looking for more clues – Euro tumbles to the lows of its price wedge, look for buying opportunities – European equity […]
Continue reading August 31, 2011
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Double-Bottom & Price Wedge make easy clues day trading crude oil and gold futures
Today is Wednesday of the last week of the summer and we know we have two big things to watch today: 1. Volume early and late morning 2. Crude Oil Inventories at 1030am today 820am est Crude Oil Futures are trading in a price wedge, bull channel, and sideways range on the slower timeframe 89range […]
Continue reading August 31, 2011
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Buying Pullbacks & Selling Retracements are easy if you have these rules
Disclaimer ———————————————- SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and Options trading […]
Continue reading August 31, 2011
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Traders Look for Clues from Economic News this morning
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude Oil tests the highs of the Major Price Channel, and lack of demand may cause this market to tumble today and tomorrow – Gold Futures consolidated this morning ahead of ADP Employment news in the US – European equity indices opened the session […]
Continue reading August 30, 2011
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Price Wedge & Bull Channel make for easy day trading Crude Oil Futures
We may see a slower than normal Tuesday with the FOMC Meeting Minutes at 2pm EST this afternoon. We assume a lot of the BIG MONEY will be sitting on hands waiting to see this report. 800am est Crude Oil Futures look very consolidated here this morning after the big pop up on Monday […]
Continue reading August 30, 2011
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Gold Futures waiting for News from Fed Meeting Minutes 2:00pm Today
Gold rose in New York on speculation that the Federal Reserve will ease monetary policy further to stimulate the economy, boosting the appeal of the precious metal as an alternative asset. “We need to do more,” Chicago Fed President Charles Evans said today in a CNBC interview. The Standard & Poor’s 500 Index fell after […]
Continue reading August 30, 2011
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TradeTheNews.com US Market Update
Dow -41 S&P -6.4 NASDAQ -5 ***Economic Data*** – (BR) Brazil Aug FGV Inflation IGP-M M/M: 0.4% v 0.4%; Y/Y: 8.0% v 8.0%e – (US) ICSC/GS weekly chain store sales w/e Aug 27th: +0.1% w/w; +3.0% y/y – (CL) Chile July Industrial Production Y/Y: 0.7% v 3.5%e; Industrial Sales Y/Y: % v 3.8%e – (CL) […]
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