April 19, 2011
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This is when I sit on my hands…but keep listening
Click Here To Review Our Automated Trading Results From This Morning 820am est – Reviewing gold futures this morning – We see the same sideways range from Monday and we are off the highs slightly and looking for trading opportunities – Bullish price channels are EVERYWHERE which confirms our assumption that rising prices are trying […]
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Automated Trading System Review Crude Oil, Gold, Euro and Russell Futures
It’s about time for our weekly review of our automated trading system! Let’s start with Crude Oil Futures, one of our favorite commodity futures. You can see the last few days on crude oil have been GREAT. We had some losses early in April that took back some profit, but look at the results and […]
Continue reading April 19, 2011
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Trade the News Market Internals update
***Looking Ahead*** – 11:00 (US) Fed to purchase $5-7B in Notes/Bonds – 11:30 (US) Treasury to sell 4-Week Bills – 13:00 (BR) Brazil Mar CAGED Formal Job Creation: No est v 280.8K prior – 16:30 (US) EIA Weekly Energy inventories – 17:00 (CO) Colombia Feb Industrial Production Y/Y: 6.0%e v 6.2% prior; Retail Sales Y/Y: […]
Continue reading April 19, 2011
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Contract Rollover Gold, Crude Oil, Currencies & E-mini Futures
– Contract Rollover o Crude Oil = Monthly o Gold = Every other month o E–mini = Quarterly, every 3 mos o Dollar = Quarterly, every 3 mos o Currencies = Quarterly, every 3mos § I watch for the volume to be higher on the next front month, then I move the chart to the […]
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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 Housing Starts […]
Continue reading April 18, 2011
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Patience pays well day trading gold and crude oil futures
830am est – We know the Jewish Holiday of Passover is Tuesday and Wednesday this week – Check the dollar index first, this will give us clues to the market’s personality today – Average true range: atr on the 06-11is rising, higher lows, and potentially higher highs. – This tells us to be open to […]
Continue reading April 18, 2011
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Trade the News Market Internals update
***Looking Ahead*** – 11:00 (US) Fed to purchase $1.5-2.5B in Notes/Bonds – 11:30 (US) Treasury to sell $30B in 3-Month and $28B in 6-month Bills – 12:00 (US) Fed’s Bullard to speak on Banking Rules in Kentucky – 12:30 (US) Fed’s Fisher to speak on U.S. Economic Outlook in Atlanta – 15:00 (AR) Argentina Feb […]
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When does support become resistance for me sell?
At what point does support become resistance? And when can I sell that resistance? – Speed – Momentum – Big money – Failure of patterns – Lack of confirmation = confirmation itself. How do we grow your trade account? – when you’re learning $1000 new equity or 2 weeks of consistency trading 1 contract and […]
Continue reading April 18, 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 […]
Continue reading April 15, 2011
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When knowing everything doesn’t matter day trading crude oil
Reviewing Crude Oil Futures – Bullish Price Channel tells us to buy pullbacks – Sideways range tells us to sell the highs and buy the lows in the white box – Narrow price wedge tells us to sell the highs and buy the lows of the wedge – The BMT line @ 107.50 shows the […]
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