Category Archives for "Uncategorized"

February 15, 2011

Empire State Manufacturing Survey

Definition.. -The New York Fed conducts this monthly survey of manufacturers in New York State. Participants from across the state represent a variety of industries. On the first of each month, the same pool of roughly 175 manufacturing executives (usually the CEO or the president) is sent a questionnaire to report the change in an […]

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February 15, 2011

Retail Sales

Definition.. -Retail sales measure the total receipts at stores that sell durable and nondurable goods. Consumer spending accounts for two-thirds of GDP and is therefore a key element in economic growth.-   Consumer spending accounts for more than two-thirds of the economy, so if you know what consumers are up to, you’ll have a pretty […]

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February 14, 2011

Discipline to wait for the best patterns earns profit day trading crude oil and gold futures

830am est –          We check the morning prep on the blog –          We complete our news worksheet for today –          We noticed there is NO NEWS today –          We also looked at the balance of the week and see that o    OPEX on Friday, wacky wed o    FOMC Meeting mins on Wednesday @ 2pm EST […]

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February 14, 2011

New Momentum Indicator & Renko vs. Range Charts

Questions: –          Range vs. Renko –          The range bar measures a set range of price movements and when that range is met the bar prints. –          13RANGE = 13 TICKS OF PRICE RANGE IN EVERY BAR –          A renko bar does the same except the range has to be all in one direction for the […]

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February 11, 2011

Day Trading Crude Oil, Gold, Euro and Russell on ‘Fast Track Friday’

830am EST –          The dollar is dropping off the highs of the price channel, referenced in the morning prep –          The speed of the markets are very slow this morning –          We have tim geithner speaking on CNBC –          News @ 830am flat and as expected –          So we’re looking for the market to get […]

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February 11, 2011

International trade

Definition.. -International trade is composed of merchandise (tangible goods) and services. It is available nationally by export, import and trade balance. Merchandise trade is available by export, import and trade balance for six principal end-use commodity categories and for more than one hundred principal Standard International Trade Classification (SITC) system commodity groupings. Data are also […]

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February 10, 2011

Buy at Support and Sell at Resistance Day Trading Strategy Crude Oil and Gold Futures

830am EST –          The dollar moves up off lower than expected jobless claims, the lowest since 2008, so the market is reacting with rising DX prices –          Selling opportunities on the markets we trade with the dollar rising. 835am est –          The dollar is rising, we’re waiting for a wave short on the gold 13range […]

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