January 28, 2011
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GDP Economic News
-GDP represents the total value of the country’s production during the period and consists of the purchases of domestically-produced goods and services by individuals, businesses, foreigners and government entities. Data are available in nominal and real (inflation-adjusted) dollars, as well as in index form. Economists and market players always monitor the real growth rates generated […]
Continue reading January 27, 2011
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Day Trading Jobless Claims and Durable Goods Orders on Gold, Crude Oil, Dollar Euro and Russell Futures
825am est We’re looking at the dollar index to give us clues to the day ahead of us. The dollar is trading in a narrow wedge pattern, and wedge patterns tell us to expect consolidating price action. The more the wedge develops the narrower the trading ranges will get today. The goal is for the […]
Continue reading January 27, 2011
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Trade Management Chart for Day Trading Futures
– Trade Management Chart o MACD at the bottom (developed specifically for our trading methods) o Background color = who is in control o I want to make a decision when the background color changes § Flatten my trade completely § Tighten my stop (eliminate risk) § Take a potion of the trade off as […]
Continue reading January 27, 2011
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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 8:30 Durable Goods Orders 8:30 Jobless Claims 9:00 Crude Oil OPEN 9:30 US Market OPEN 10:00 Pending Home Sales 10:30 E-mini Reversal 11:00 […]
Continue reading January 27, 2011
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Pending Home Sales
-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 weeks […]
Continue reading January 27, 2011
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Jobless Claims
-New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smoothes out weekly volatility.- Jobless claims are an easy way to gauge the strength of the […]
Continue reading January 27, 2011
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Durable Goods Orders
-Durable goods orders reflect the new orders placed with domestic manufacturers for immediate and future delivery of factory hard goods. The first release, the advance, provides an early estimate of durable goods orders. About two weeks later, more complete and revised data are available in the factory orders report. The data for the previous month […]
Continue reading January 26, 2011
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FOMC Day Trading Strategy Sell Retracements on Crude Oil, Gold, Euro and Russell Futures
820am EST – We have FOMC day, so expect so early drop in volume before the usual times this morning – Look for the lunch transition around 1045am est today, rather than later than 11am (FOMC DAY) – We also have concerns over crude oil futures with major news at 1030am, so keep an eye […]
Continue reading January 26, 2011
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Better Wave Trades With the 2-step Price Reversal Pattern
– Using 2-step patterns for entries on wave patterns (2step short into a wave short) – Slingshot (2step long into a wave short) – Momentum o You will get the EXACT momentum indicator to use with your membership o I will tell you the EXACT settings to use and the EXACT ways to use it. […]
Continue reading January 26, 2011
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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 New Home Sales · 10:30 Crude Oil […]
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