April 26, 2011
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FOMC Meeting Announcement
Definition The Federal Open Market Committee (FOMC) is the policy-making arm of the Federal Reserve. It determines short-term interest rates in the U.S. when it decides the overnight rate that banks pay each other for borrowing reserves when a bank has a shortfall in required reserves. This rate is the fed funds rate. The FOMC […]
Continue reading April 26, 2011
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FOMC Meeting Begins
Definition The Federal Open Market Committee meets eight times a year in order to determine the near-term direction of monetary policy. For monetary policy, the FOMC evaluates the relative concerns over the outlook for economic growth (too strong, too weak, about right) and pending inflation (too high, too low, about right). The FOMC then determines […]
Continue reading April 25, 2011
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Look for this trade after we make new highs on crude & gold
Click Here To Review Our Automated Trading Results From This Morning We learn this morning that the Orthodox Easter Holiday is today, closing the banks in many parts of Europe. This won’t have too much affect on us, with the exception of lower volume at certain times of the morning, mainly focused on the ‘Golden […]
Continue reading April 25, 2011
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Automated Trading Strategies and Software Review Crude Oil Futures
Hi guys, I’m a little short on time today, but I wanted to show you how crude oil performed the past few days on the auto trader. We didn’t take any trades today on Gold, Russell and Euro Futures. Crude has been on a mission lately…this auto trader is making money easy. 4 TRADES in […]
Continue reading April 25, 2011
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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 $29B in 3-Month and $27B in 6-month bills – 15:00 (AR) Argentina March Trade Balance: No est v $608M prior – 18:00 (HU) Hungary April Economic Sentiment: No est v -10.7 prior; Business Confidence: No est v -1.3 […]
Continue reading April 25, 2011
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FREE SnagIt 10 Screen Capture Software
Hi guys, I use this software all the time, and I just found a FREE Version of this online. Go here and download the Free Trial of Snagit: (or go to TechSmith.com and download a free trial) Then enter in 1 of these license keys and it will unlock the paid version Watch this video […]
Continue reading April 25, 2011
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Headset that I use for my day trading webinars
here is the headset and microphone that I use in my day trading webinars and live trade room Hope it helps! JJ
Continue reading April 25, 2011
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Interactive Brokers uses Filtered Tick Data, Day Traders BEWARE
Hi guys, I must say this a million times every week to my clients… DO NOT USE Interactive Brokers for your Day Trading of Futures Contracts. Yes, Interactive Brokers has connections for markets around the world, and trading stocks, Forex, and Futures “sounds’ great during the sales pitch….but then reality sets in… – They use […]
Continue reading April 25, 2011
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Run the stops for day trading profit or avoid a big loss
– How do we know when stops are being run, instead of a REAL move? o Traders can be very CONSISTANTLY predictable with where they place their stops o Example: Long position open, my stop will be placed below support. o Example: Short Position open, my stop will be placed above resistance o We know […]
Continue reading April 25, 2011
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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 […]
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