May 24, 2011
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Big Round Numbers are on the minds of traders as we head into 10am Manufacturing News
Overnight news pushes commodity prices higher on rumors of rising prices, which has the markets moving this morning inside of its wide sideways ranges. The Dollar index plunged to its big round number of 76.000 as Crude heads to 99.00 and Gold back up to 1525.0. Looking at the news for today we have multiple […]
Continue reading May 23, 2011
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Three Clues all we need for profit day trading crude oil and gold
855am est We review the news today We have no CAD-related news which will impact crude oil futures We have no major economic news reports today, so expect to see a potential Golden Lunch We will look for clues for the Golden lunch later on today @ 1100am est when the day slows down. We […]
Continue reading May 23, 2011
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Sideways Ranges make easy day trading targets for this week
Good morning everyone and welcome to a short week of trading the markets we love. Nothing of any real trading value happened over the weekend, so we can look forward to this week. We don’t have any major news today scheduled, just a minor report at 830am on the Fed’s National Activity Index which may […]
Continue reading May 22, 2011
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Morning Prep Routine for Day Traders & Trading Options Expiration Friday
Morning Routine: I can’t be confident when I perform the routine the night before. I do this the same day I trade. You may be able to do the 89range levels (slower timeframe) the night before. Wake-Up @6am EST First thing, turn on cpu, and load your charts Eat Breakfast: Green Tea, Fruit Smoothie (whey […]
Continue reading May 21, 2011
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Range-Bound Markets make for easy day trades, Dollar Gave Clues
Click here to review our Automated Trading System results for this week!Looking for clues this morning for what this day will look like… No major news today Its OPEX, so assume traders will be away from the markets if they can Gold & Currencies open with very little volume @ 820am EST The Dollar index […]
Continue reading May 21, 2011
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automated trading system review
Hi Guys, We had a busy week of trading in our discretionary accounts this week, but let’s see how our automated trading system has been doing. The past two weeks have been most challenging for ANY auto trader because of some fundamental reasons in the markets. Bottom line, auto traders have a hard time anticipating […]
Continue reading May 20, 2011
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Big Round Numbers and Sideways Ranges for OPEX Friday
Markets are trading sideways this morning on lack of major news overnight out of Canada and Japan. The Dollar Index dropped overnight to test a key support level and headed right back up into its narrow trading range to bring commodity and equity markets right back into their sideways ranges as well. This morning we […]
Continue reading May 19, 2011
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Crude Bear Channel earned 60 ticks, and I almost missed it!
825am est We have crude oil futures rolling forward to the 07-11 contract. Be sure to follow the specific instructions on the blog regarding how to roll the crude oil forward. We open our 89-Range chart on CL 07-11 and we see some very important information. Price wedge and we are at the highs Sideways […]
Continue reading May 19, 2011
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Trade the News Market Internals Update
**Economic Data** – (RU) Russia Gold & Forex Reserve W/E May 13TH: 514.4B V $524.7B prior – (IN) India Primary Articles WPI w/e May 7th Y/Y: 10.9% v 12.0% prior; Food Articles WPI Y/Y: 7.5% v 7.7% prior – (NV) Netherlands Apr Unemployment Rate: 5.0% V 5.1%E – (TT) Taiwan Q1 GDP 6.6% v 6.2% […]
Continue reading May 19, 2011
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Dollar Index a leading Indicator?
– Why do we only see DOJI’s on TICK Charts? Why not Range charts? – Is the dollar a leading indicator? o It’s about as close as you can get – Can we buy the lows of the range overhead on crude oil? (99.65 up to 100.70) o WATCH the video on Sideways Markets day […]
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