May 5, 2011
- in Uncategorized by schooloftrade
Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures
‘We are what we repeatedly do. Excellence, therefore, is not an act, but a habit’ – Aristotle Live Trade Room is open, come join us! Click here for helping logging into the Trade Room Let’s begin our morning routine with the economic news for today’s trading session. 8:20 Gold & Currencies OPEN 8:30 Jobless Claims […]
Continue reading May 4, 2011
- in Uncategorized by schooloftrade
Plan your trades, trade your plan, another monster day in live trade room
Let’s review the Crude Oil futures this morning using our 89range chart to begin. – We are at the lows of the major price channel – We have 50% of the trigger for a long position at these lows – This tells me to watch the trigger later today on this 89range chart so we […]
Continue reading May 4, 2011
- in Uncategorized by schooloftrade
Trade the News Market Internals Update
**Looking Ahead*** – 11:00 (US) Fed to purchase $1-2B in TIPS – 11:30 (IR) Ireland Finance Ministry releases April exchequer returns – 12:00 (SI) RBNZ Governor Bollard to speak in Singapore – 15:30 (US) Fed’s Williams makes First Policy Speech – 17:00 (CO) Colombia Apr Producer Price Index M/M: No est v 0.9% prior; Y/Y: […]
Continue reading May 4, 2011
- in Uncategorized by schooloftrade
Don’t make this mistake using Candlestick Patterns
– Candlestick patterns and how I use them o These are used to confirm market sentiment o They do NOT tell me when to enter or exit the trade o They do not tell me anything more than the DIRECTION I should be trading. – Lets define sentiment: – Use this video to put this […]
Continue reading May 4, 2011
- in Uncategorized by schooloftrade
Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures
‘We are what we repeatedly do. Excellence, therefore, is not an act, but a habit’ – Aristotle Live Trade Room is open, come join us! Click here for helping logging into the Trade Room Let’s begin our morning routine with the economic news for today’s trading session. 8:15 ADP Employment Report 8:20 Gold & Currencies […]
Continue reading May 3, 2011
- in Uncategorized by schooloftrade
Biggest Day of 2011 Day Trading Crude Oil and Gold Futures
Click Here To Review Our Automated Trading Results From This Morning We already completed the Crude Oil on the Morning prep, now let’s review the Gold Futures. 89Range chart on the 06-11 GC shows us the following: – We just broke the MAJOR bullish trend line (the lows of the price channel) – Price Wedge […]
Continue reading May 3, 2011
- in Uncategorized by schooloftrade
Automated Trading Strategies and Software Review
Its about that time again…lets see how the auto trader has been doing this week. Not much to report so far, nothing on the Crude Oil or the Russell. The big mover this week is Gold. As you can see we took 4 trades today. We took a first trade loss to start the session, […]
Continue reading May 3, 2011
- in Uncategorized by schooloftrade
Trade the News Market Internals Update
**Looking Ahead*** – 11:00 (US) Fed to purchase $6-8B in Notes/Bonds – 11:30 (US) Treasury to sell 4-Week Bills and $24B in 52-Week Bills – 13:00 (MX) Mexico Apr IMEF Manufacturing Index: 54.4e v 54.1 prior; Non Manufacturing Index: 53.0e v 53.1 prior – 16:30 (US) API Energy Inventories – 17:00 (US) Apr Total Vehicle […]
Continue reading May 3, 2011
- in Uncategorized by schooloftrade
- |
- 1 comments
Best Way to Buy Pullback or Sell Retracement
– Best Times to Buy Pullback or Sell Retracement – What is this? o Pullback is made with new higher highs and then we come down off those highs o We also call these ‘swing highs’ o Retracement is made with new lower lows and then price rises off those lows o We also call […]
Continue reading May 3, 2011
- in Uncategorized by schooloftrade
- |
- 1 comments
Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures
‘We are what we repeatedly do. Excellence, therefore, is not an act, but a habit’ – Aristotle Live Trade Room is open, come join us! Click here for helping logging into the Trade Room Let’s begin our morning routine with the economic news for today’s trading session. 8:20 Gold & Currencies OPEN 9:00 Crude Oil […]
Continue reading