The dollar index jumped late Wednesday on news out of Europe, which was compounded by a lack of confidence sentiment in Japan overnight in Asia, sending everything higher, and finally finding itself all the way back down to where the move originated, almost 18 hours later. This type of move out of the dollar has […]
Continue readingJust a FYI as it turns out, most touch pads on most laptops are controlled/governed by Synaptics Touch pad (v.7.0) software/protocols. Synaptics is usually the same on most laptops, if user keeps driver software updated. 1) Most of the time (95%) this software has a “mouse properties” where you can reconfigure the touch pad;. 2) […]
Continue readingComing back from a vacation, the most important thing was getting back into the rhythm of my DAILY routine. First thing I do is make sure I have food, sleep, my personal items under control. Second thing is to open those charts and re-acclimate to where we are. (your emotions should be going nuts! Get […]
Continue reading**Looking Ahead*** – 11:00 (US) Fed to purchase $6-8B in Notes/Bonds – 11:30 (US) Treasury to sell 4-Week and 52-week Bills – 12:00 (IC) Iceland Q1 Current Account (ISK): no est v -54B prior – 12:00 (IT) Italy May New Car Registrations Y/Y: No est v -2.2% prior – 12:25 (US) Fed’s Pianalto speaks on […]
Continue readingThe first thing I’m doing this morning is getting back into the ‘rhythm’ of my trading. Everything from my morning routine to my mental prep before I take my first trade; this is when I need to focus on my routine and let myself get back into ‘the zone’ where I was when I left […]
Continue readingInside vs. Outside Wave patterns Wave Long = Buying a pullback Wave short = selling a retracement Wave pattern = breakout/trending market pattern Sideways range are dangerous with a wave pattern if we don’t get higher highs or lower lows to confirm the BREAKOUT. You need to avoid the fake-out breakout Candlestick Patterns can be […]
Continue readingThe news out of the euro zone this morning about rising debt concerns has us expecting a dollar correlation that might be a little different. Today we may see the Gold and the Dollar both rising as traders take profit (or dump) euro contracts and pick up the USD and the Gold to take shelter […]
Continue readingDisclaimer ———————————————- 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 readingNews out of Europe this morning has traders concerned that European leaders will have trouble getting the EU Debt under control. This caused the euro to drop overnight and the dollar pushed to the highs of its trading range. We will see how the rest of the day looks as it develops into the US […]
Continue readingWe have 2 news events this morning at 10am, New Home Sales will be the big one, but Richmond Fed Index will be used to interpret the crude oil inventories later in the week. I will use the Dollar Index (read the tape) to interpret the market reaction when we have 2 news events in […]
Continue reading