April 15, 2011
- in Uncategorized by schooloftrade
Trade the News Market Internals update
***Looking Ahead*** – (US) G20 Finance Ministers meet in Washington DC underway – 11:00 (US) Fed to buy $5-7B in Notes and Bonds – 11:15 (US) Fed’s Evans speaks in New York City – 11:30 (PE) Peru Feb GDP Y/Y: 9.1%e v 10.0% prior – 11:30 (PE) Peru Mar Unemployment Rate: 9.3%e v 9.1% prior […]
Continue reading April 15, 2011
- in Uncategorized by schooloftrade
- |
- 1 comments
3 Trading Zones inside every sideways market
3 Areas inside a sideways market o Sideways Ranges are created from indecision in the market and usually quite easy to spot o Three ranges inside the sideways market o Highs of the range: sell the highs o Middle of the range: avoid the middle o Lows of the range: buy the lows Example: – […]
Continue reading April 15, 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 Consumer Price […]
Continue reading April 14, 2011
- in Uncategorized by schooloftrade
Get me out of here now!
Reviewing gold futures this morning @ 8am est – Sideways range in the white box tells us to buy the lows and sell the highs – Bullish Price channel which tells us the buy-side will likely be the high % trade today – We also notice the PHOD has been broken, and the PLOD has […]
Continue reading April 14, 2011
- in Uncategorized by schooloftrade
Trade the News Market Internals Update
***Looking Ahead*** – 12:30 (US) Fed’s Plosser speaks in New York City – 13:00 (US) Treasury to sell $13B in 30-Year Bonds Reopening – 13:15 (US) Fed’s Tarullo speaks in Washington on Growth and Inflation – 13:40 (EU) ECB’s Gonzalez-Paramo speaks in Moscow – 18:45 (US) Fed’s Lacker speaks on Economy at University of Baltimore […]
Continue reading April 14, 2011
- in Uncategorized by schooloftrade
These are definitely worth considering for your day trading
– Range charts o All the bars are the same width of range o 13range = 13 ticks of range o 13tick = 13 ticks of volume § Helps manage risk § Cleaner Patterns § Removes time from the chart, doesn’t show sideways chop – PHOD / PLOD (Previous high of day / Previous low […]
Continue reading April 14, 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 April 13, 2011
- in Uncategorized by schooloftrade
- |
- 2 comments
I Need This to Sell the Highs on Crude Oil Futures
800am est Reviewing the Gold Futures and we see the following: – The 89range chart shows us at the highs of the most recent bullish price wedge, however, we notice the transition into the wedge below failed, and we are concerned we may be trapped between the highs of the new wedge and the highs […]
Continue reading April 13, 2011
- in Uncategorized by schooloftrade
Trade the News Market Internals update
***Looking Ahead*** – 13:00 (EU) EU President Van Rompuy meets Cypriot President in Nicosia – 14:00 (US) Mar Monthly Budget Statement: -$189.0Be v -$222.5B prior – 11:30 (BR) Brazil Feb Economic Activity Index M/M: No est v 0.7% prior; Y/Y: No est v 5.1% prior – 13:00 (AU) RBA’s Stevens speaks in New York to […]
Continue reading April 13, 2011
- in Uncategorized by schooloftrade
- |
- 1 comments
Previous High of Day (PHOD) and Previous Low of Day (PLOD)
How do we use the PHOD and the PLOD in our trading o We always have the PHOD/PLOD somewhere close to us, so we frequently use this technique to make profit o Here’s how to use them: § Locate them both § Where are we in relationship to these levels? § Are we above? Are […]
Continue reading