February 2, 2011
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Snow can’t stop day trading profits, Sell the top of the channel on Crude Oil and buy a pullback on the Gold Futures
820am est – We saw 815am news with very light volume as the ADP employment news gave traders a heads up for nonfarm payrolls on Friday morning. – The snow storm across the US may have an impact on the opening of the physical pit on gold, crude oil, and other markets, but remember most […]
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Day Trading Pattern Failures on Gold, Crude Oil, Russell and Euro Futures
– Failure Patterns o For every pattern we have a failure of that pattern o Members will watch the 5th video in the advanced course o Members will come to training on Wednesday @1130am est to learn the patterns o Members will come in every day and ask ME to help them identify the patterns […]
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Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures
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 8:15 ADP Employment Report 9:00 Crude Oil OPEN 9:30 US Market OPEN 10:30 E-mini Reversal 10:30 Crude Oil Inventories 11:00 Transition […]
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ADP Employment Report
Definition.. -The ADP national employment report is computed from a subset of ADP records that in the last six months of 2008, represented approximately 400,000 U.S. business clients and approximately 24 million U.S. employees working in all private industrial sectors. The data are collected for pay periods that can be interpolated to include the week […]
Continue reading February 1, 2011
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Sold the Highs on Crude Oil and Bought the Lows on Gold as they drop
845am est – The dollar index shows us a narrow wedge pattern on the 34range chart – Dollar speed is dropping, less than desirable for the speed, but this can quickly change – HIGHER LOWS on the dollar atr which tells us to be ready for a move sometime today, might not be now, but […]
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How to Predict Price Reversals
– Predicting Price Reversals o When the market goes in one direction, bounces off support or resistance and goes in the opposite direction. o Price reversals can occur at any level of S/R, but the best levels are always going to be: § HOD/LOD § Trend Lines § Double-tops/bottoms o We know where to look […]
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Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures
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 OPEN 9:30 US Market OPEN 10:00 Construction Spending 10:00 ISM Mfg Index 10:30 E-mini Reversal 11:00 Transition into […]
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Construction Spending
Definition.. -The dollar value of new construction activity on residential, non-residential, and public projects. Data are available in nominal and real (inflation-adjusted) dollars.- Construction spending has a direct bearing on stocks, bonds and commodities because it is a part of the economy that is affected by interest rates, business cash flow and even federal […]
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ISM Manufacturing Composite Index
Definition.. -The ISM manufacturing composite index is a diffusion index calculated from five of the eleven sub-components of a monthly survey of purchasing managers at roughly 300 manufacturing firms from 21 industries in all 50 states. The survey queries purchasing managers about the general direction of production, new orders, order backlogs, their own inventories, customer […]
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NT7 Indicators Solution
HI Guys! I have reason to believe the download issue with bad indicators is coming from the most recent release of NT7. Please follow this link, go to the NT website and download the OLDER version 7.01000.1 (previous version) http://www.ninjatrader.com/download-registration.php Sometimes when they release new versions of software it can react poorly with our indicators, […]
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