April 21, 2011
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Best Way to use a Double-Bottom Day Trading Crude Oil and Gold Futures
Click Here To Review Our Automated Trading Results From This Morning Let’s review our crude oil this morning: – Open the 89range chart and see three distinct patterns: o Price Wedge o Price Channel o Sideways Range in the box – We are above the wedge below us from earlier week – We’re above the […]
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Automated Trading Strategies and Software Review Crude Oil and Euro Futures
Hi guys, we had a great week of discretionary trading in our live trade room, and now its time to review some of the markets we trade with our automated trading system. This auto trader does 100% of the work for you, truly “set-it-and-forget-it” trading. Let’s begin with one of our favorite currency futures, the […]
Continue reading April 21, 2011
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New Format for FOMC Day, Day Trading FOMC Day, Fed Day Trading Strategy
– Federal open market committee – During this meeting… o The meeting starts on Tuesday and ends on Wednesday o They raise/drop/keep rates the same o Take detail notes (‘minutes’) o And then they release it to the general public o Once its released day traders will now dig into the news that was released […]
Continue reading April 21, 2011
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Trade the News Market Internals Update
***Looking Ahead*** – 11:30 (US) Treasury to sell $14B in 5-Year TIPS – 16:00 (US) Feb RPX Composite 28day Y/Y: No est v -3.39% prior; RPX Index: No est v 179.5 prior 10:30 AM Market Internals update at 10:30ET – NYSE volume 195M shares, about 11% below its three-month average; advancers lead decliners by 1.3:1. […]
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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 8:30 Jobless Claims […]
Continue reading April 20, 2011
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Sellers Failed at Highs, Tape Reading tells me to buy at support
Is this OPEX week? OPEX = 3rd Friday of the Month, unless the first day of the month is a Friday. This month OPEX will be NEXT week, so Wacky Wednesday is going to have to wait!. 810am est Let’s review our Gold Futures this morning – 89range chart shows us above the sideways range […]
Continue reading April 20, 2011
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Trade the News Market Internals Update
**Looking Ahead*** – (BR) Brazil Central Bank (COPOM) Interest rate Decision: Expected to raise the SELIC Target by 50bps to 12.25% – 11:00 (US) Fed to purchase $1-2B in TIPS – 11:30 (EU) EU’s Juncker speaks on Euro Economic Governance in Brussels – 15:00 (AR) Argentina Mar Industrial Production M/M: No est v 1.4% prior; […]
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Which day trade is higher risk?
– Which is higher risk? Long or short? o We use specific trade patterns and entry rules to determine which direction is a higher % or higher risk trade o Sideways Range: § At the highs, look to sell (High % short) § At the lows, look to buy (high % is the long) o […]
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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 […]
Continue reading April 20, 2011
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Overnight Margin Requirements for Futures Brokers
Here are current overnight margins for the GC, 6E, CL & TF: GC $6,751 CL $6,750 6E $4,320 TF $2,900 Remember, overnight margin ONLY applies to the markets when they are FULLY closed, so the pit and electronic session must be closed. Many of the markets we trade have Pit times and Electronic times, and […]
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