– Andrew Pitchfork o We posted the settings for this indicator. o Uses three trend lines as possible support and resistance levels o Add the pitchfork with 3 points § 1. At the end of the a trend § 2. Find a major swing high/low § 3. Find the next major swing high/low […]
Continue reading‘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 Personal Income […]
Continue readingDefinition.. -The National Association of Realtors developed the pending home sales index as a leading indicator of housing activity. As such, it is a leading indicator of existing home sales, not new home sales. A pending sale is one in which a contract was signed, but not yet closed. It usually takes four to six […]
Continue readingClick Here To Review Our Automated Trading Results From This Morning 815am EST – We’re watching the dollar index this morning to see how it reacts to the 830am GDP news. – If the dollar rises off support, we are looking to sell the highs on the euro, and other markets we trade. 830am EST […]
Continue readingIt’s that time of the day again, let’s take a look at how our auto trader has been performing. These markets have been all over the place the past 30 days, let’s see how the Mini Russell Futures has performed. You can see we just got stopped out on the only trade we took today, […]
Continue reading***Economic Data*** – (GE) Germany Feb Preliminary Consumer Price Index M/M: 0.5% v 0.5%e; Y/Y: 2.0% v 2.1%e – (GE) Germany Feb Preliminary CPI EU Harmonized M/M:0.6 % v 0.5%; Y/Y: 2.2% v 2.1%e – (GE) Germany Feb CPI Baden Wuerttemberg M/M: +0.5 v -0.4% prior; Y/Y: 2.4 v 2.1% prior – (BR) Brazil Primary […]
Continue readingFutures vs. Forex – Forex trades 24/5 it never closes b/c there is NO REAL MARKET, its called synthetic – Futures trades deal direct to the market in real time. – 45 minutes a day the market is closed for EVERYONE (pit and electronic), for maintenance on the servers. – Tax advantages are HUGE for […]
Continue reading‘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 GDP 9:00 […]
Continue reading830am EST – Durable goods come out much lower than expected without the auto industry, lets see how the market reacts to this – Jobless claims come out flat, as expected – Remember these news events are juggled around for Thursday because of the holiday on Monday 835am est – We check the dollar index […]
Continue reading***Economic Data*** – (BR) Brazil Jan Unemployment Rate: 6.1% v 6.0%e – (BR) Brazil Jan Total Outstanding Loans (BRL): 1.7T v 1.7T prior; Private Banks Lending: 993.0B v 987B prior – (US) Jan Chicago Fed National Activity Index: -0.16 v 0.09e – (US) Initial Jobless Claims: 391K v 405Ke; Continuing Claims: 3.790M v 3.880Me – […]
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