– Pace of Tape Indicator o Measures the speed of the orders coming into the market o Does not count contracts o It is not a vol indicator o Treats a 10c trade the same as a 1c trade. It simply counts the trades coming into the market o Very simple indicator o Three colors: […]
Continue readingLive 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 NonFarm Payrolls 9:00 Crude Oil OPEN 9:30 US Market OPEN 10:30 E-mini Reversal 11:00 Transition into Lunch 11:30 European […]
Continue readingDefinition.. -The employment situation is a set of labor market indicators based on two separate surveys in this one report. The unemployment rate equals the number of unemployed persons divided by the total number of persons in the labor force, which comes from a survey of 60,000 households (this is called the household survey). Workers […]
Continue reading815am est – The dollar index is trading sideways this morning – We are at the highs of this range so we look for the dollar to do 1 of 3 things o Make new highs, look for selling opportunities o Bounce off the highs and drop down, looking for buying opportunities o Goes sideways, […]
Continue reading– Momentum and how we use it in our day trading o Its an oscillator o Very easy to learn, but more challenging to use o We know that when momentum is pointing UP we want to trade LONG o When momentum points down we want o trade SHORT o Oversold and overbought momentum = […]
Continue readingLive 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 8:30 Productivity & Costs 9:00 Crude Oil OPEN 9:30 US Market OPEN 10:00 Factory Orders 10:00 ISM […]
Continue readingDefinition.. -The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S., and three regions of the country. The level of inventories helps determine prices for natural gas products.- Natural gas product prices are determined by supply and demand – just like any other good and service. […]
Continue readingDefinition.. -The non-manufacturing ISM surveys nearly 400 firms from 60 sectors across the United States, including agriculture, mining, construction, transportation, communications, wholesale trade and retail trade.- Investors need to keep their fingers on the pulse of the economy because it dictates how various types of investments will perform. By tracking economic data like the […]
Continue readingDefinition.. -Factory orders represent the dollar level of new orders for both durable and nondurable goods. This report gives more complete information than the advance durable goods report which is released one or two weeks earlier in the month.- Investors want to keep their fingers on the pulse of the economy because it usually […]
Continue readingDefinition.. -Productivity measures the growth of labor efficiency in producing the economy’s goods and services. Unit labor costs reflect the labor costs of producing each unit of output. Both are followed as indicators of future inflationary trends.- Productivity growth is critical because it allows for higher wages and faster economic growth without inflationary consequences. […]
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