January 26, 2011
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FOMC Day Announcement
-The Federal Open Market Committee (FOMC) is the policy-making arm of the Federal Reserve. It determines short-term interest rates in the U.S. when it decides the overnight rate that banks pay each other for borrowing reserves when a bank has a shortfall in required reserves. This rate is the fed funds rate. The FOMC also […]
Continue reading January 26, 2011
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Crude Oil Inventories News
-The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. The level of inventories helps determine prices for petroleum products.- Petroleum product prices are determined by supply and demand – just like any other good and service. During periods of strong economic growth, one would […]
Continue reading January 26, 2011
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New Home Sales
-New home sales measure the number of newly constructed homes with a committed sale during the month. The level of new home sales indicates housing market trends and, in turn, economic momentum and consumer purchases of furniture and appliances.- This provides a gauge of not only the demand for housing, but the economic momentum. […]
Continue reading January 25, 2011
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Day Trading Gold Futures with Consumer Confidence Economic News
Click Here To Review Our Auto Trader Results From This Morning 830am EST – Crude oil futures trading sideways at the highs of the narrow trading range – We want to sell the highs first off 900am est – We’ve had pretty slow price action on the markets we trade this morning. – We’ve had […]
Continue reading January 25, 2011
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Automated Trading System trades futures, stocks, FOREX, and it earns while you LEARN.
We had another great day of discretionary trading in our live trade room, and now its time to see how our fully-automated trading strategy has been performing on our favorite markets. I will begin reviewing this auto strategy with gold futures today. You can see today’s results are mixed. We had a loss of 30 […]
Continue reading January 25, 2011
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Multiple Timeframes for Market Sentiment
– Multiple Timeframes to define market sentiment o We use different timeframes to see the big picture o Then we use fast timeframes to use what we see in the big picture to make educated decisions. o Look for the levels of S/R on the slow chart o Slow chart tells me where to be […]
Continue reading January 25, 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. FOMC 2-Day Meeting Begins today (tomorrow is the FOMC Announcement @ 215pm EST) 8:20 Gold & Currencies OPEN 9:00 S&P/Case-Shiller home price index 9:00 Crude […]
Continue reading January 24, 2011
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Which day trade should I take? 2 Losses early but we still made our daily day trading goal
Click Here To Review Our Auto Trader Results From This Morning 830am EST – We begin our day with the dollar index – Dollar (DX 03-11) is still sitting on support from the sideways range from late last week and overhead resistance from the lows of the price channel above us. – We expect 3 […]
Continue reading January 24, 2011
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Automated trading system review on Gold and Crude Oil Futures
We had a challenging day in our live trade room this morning, so lets see how this fancy auto trader did in this choppy and sloppy market we saw today. Lets start with Gold, one of our biggest movers for the autotrader. We can see today’s results don’t look that impressive. You can see we […]
Continue reading January 24, 2011
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Fast Track Day Trading Futures Method
– How to use the Fast Track Method o It is a simplified version of our advanced method o Learn the FT Method first, you’ll make money while you learn, and your goal is to develop into the advanced method – Dynamic vs. static support/res o Dynamic = always calculating § Moving Averages § DVAH […]
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