March 2, 2011
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Market Internals update at 14:00ET
***Economic Data*** – (PD) Poland Central maintained the Base Rate at 3.75%; As expected – (BR) Brazil Jan Industrial Production M/M: +0.2% v -0.3%e; Y/Y: 2.5% v 1.5%e – (US) MBA Mortgage Applications w/e Feb 25th: -6.5% v +13.2% prior – (US) Feb Challenger Job Cuts: 50.7K v 38.5K prior (highest since Mar 2010); Y/Y: […]
Continue reading March 2, 2011
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Take More Trades as a Scalper, or Fewer Trades as a Swing Trader it’s YOUR Decision
– How to take more, or fewer trades every day o Some traders like to always be trading o Some traders like a slower pace of their trading day o Some traders like to get in and out (scalper) o Some traders prefer to hold trades and try to maximize the profit on the position. […]
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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. 8:15 ADP Employment Report 8:20 Gold & Currencies […]
Continue reading March 1, 2011
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Price Channel Strategy for Day Trading Crude Oil and Gold Futures
820am EST – The dollar trades sideways in a narrow trading range just below the big round number of 77.000 – We’ve been watching this area on the dollar for 5 days at least. – The speed is pretty slow this morning, but that can easily change – Average true range shows lower highs (the […]
Continue reading March 1, 2011
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Market Internals Update at 12:00ET
***Economic Data*** – (RU) Russia Feb Reserve Fund: $26.1B v $26.0B prior; Wellbeing Fund: $90.9B v $90.2B prior – (US) ICSC/GS weekly chain store sales w/e Feb 26th: -0.5% w/w; +3.3% y/y – (CZ) Czech Budget Balance (CZK): -22.9B v +10.6B prior – (BR) Brazil Feb PMI Manufacturing: 54.6 v 53.1 prior – (SI) Singapore […]
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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 February 28, 2011
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Day Trading with Trend Lines on Gold and Crude Oil earn us easy profits
Click Here To Review Our Automated Trading Results From This Morning 820am est – We realize it’s the end of the month and a Monday – End of month MAY result in unexpected volume drops and increases, as traders get out of, or into new position to finish off the month or get next month […]
Continue reading February 28, 2011
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Automated Trading System Strategy Review
We finished another profitable session of day trading our favorite future markets, but lets take a momentum to review some of the trades the auto trader executed today. Lets start with the Russell futures, we looked at this last week and lets see how it did again this morning. We can see 5 trades in […]
Continue reading February 28, 2011
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Market Internals Update
***Economic Data*** – (CL) Chile Jan Industrial Production Y/Y: 4.0 v 4.5%e; Industrial Sales Y/Y: 3.9% v 4.8%e – (CL) Chile Jan Unemployment Rate: 7.3% v 7.1%e – (CL) Chile Jan Total Copper Production: 446.9K v 497.6K tons – (SA) South Africa Jan Trade Balance: -4.9B v -2.3Be – (CA) Canada Q4 Current Account (BOP): […]
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Fake-Out Breakouts how to Avoid them day trading and swing trading futures
How to predict a fake-out breakout? – What I need: o Slow timeframe: Looking for the trend o Medium timeframe: looking for the pattern o Fast timeframe: looking for the entry Slow timeframe: This defines the trend, or lack of trend. Then once we see the trend, we want to follow it We also now […]
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