March 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 9:00 Crude Oil […]
Continue reading March 11, 2011
- in Uncategorized by schooloftrade
Breaker Pattern Acts Like a Slingshot on Crude Oil
815am est – We’re looking for some volume this morning – Friday morning so we know its going to be a short day – We had the earthquake overnight that MAY be keeping traders distracted this morning – News @ 830am that we’re hoping will be a good jump start to our day – Contract […]
Continue reading March 11, 2011
- in Uncategorized by schooloftrade
Market Internals update at 12:00ET
***Looking Ahead*** – (CO) Colombia Monetary Policy Meeting Minutes – 11:00 (GE) German Fin Min Schaeuble at Baden-Wuerttemberg Election Rally – 11:00 (EU) Euro-Area Leaders hold Summit on competitiveness – 12:00 (GE) German Fin Min Schaeuble at Baden-Wuerttemberg Election Rally – 13:30 (GE) German Fin Min Schaeuble at Baden-Wuerttemberg Election Rally 10:30 AM Market Internals […]
Continue reading March 11, 2011
- in Uncategorized by schooloftrade
Morning Prep is perfect for Day Traders looking for the best way to start their trading day
–REVIEW THE MORNING PREP – What’s the most important thing I learn from taking notes? o When I write things down, I remember them o So I can share them with my clients o Easier to read the notes if ESL o I can go back and learn from different things we saw in the […]
Continue reading March 11, 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 830 Retail Sales 9:00 […]
Continue reading March 10, 2011
- in Uncategorized by schooloftrade
Looking for GOLD in all the RIGHT places!
800am – Dollar rising, looking for shorts – Contract rollover 830am est – Jobless claims come out higher than expected, we’re waiting to see the market’s reaction – The dollar is rising today, but has periods of pullbacks. – This means the short side is the higher % side, but we can still look for […]
Continue reading March 10, 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 International Trade […]
Continue reading March 9, 2011
- in Uncategorized by schooloftrade
How did I miss that price channel on crude oil today?
815am est – The dollar index is our first stop on our daily routine – The dollar rises on Tuesday, giving us selling opportunities – Now the dollar has dropped off this resistance and appears to be searching for the next move. – Should the dollar break above 77.000? we want to sell – Should […]
Continue reading March 9, 2011
- in Uncategorized by schooloftrade
Market Internals update at 12:00ET
***Looking Ahead*** – 11:00 (US) Fed to Purchase $5-7B in Notes/Bonds – 13:00 (US) Treasury to sell 10-Year Notes Reopening – 13:30 (US) Tsy Sec Geithner at House Appropriation subcommitted – 15:00 (NZ) New Zealand Central Bank interest rate decision: Expected to cut the Official Cash rate by 25bps to 2.75% – 19:00 (SP) Bank […]
Continue reading March 9, 2011
- in Uncategorized by schooloftrade
Avoid First Trade Losses by Planning your Trades and Trading your Plan
Questions for 11am EST: – How to avoid early losses in the day, first trade losses o How do I avoid taking a first trade loss and having to dig out of a hole? o Define where you want to be trading for that day o Find the overhead resistance, support below, channels, wedges, sideways […]
Continue reading