– Trend lines in NT7 o Must have the most recent release of NT7 o Must have the same # of days of data for EVERY CHART you use for that symbol o Must have your trend lines as ‘auto scale’ = FALES o BENEFITS § Save us hours of time each week § […]
Continue reading8:20am est I begin my day with the dollar index – Trading sideways in the same range from Monday and Tuesday – Tried to break new lows, but lack of confidence pulled the price back up into the range above it – This lack of DOLLAR confidence will bleed over into lack of confidence for […]
Continue reading– How do we use the daily chart? o See the big picture o Not looking for patterns as often as the faster timeframes, this is just to see the big picture § We use two trigger lines § Normal trigger § Big money trigger line (dotted) § We also use the divergence indicator o […]
Continue readingMorning Prep January 12, 2011 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. 8:30 Import Price Index 8:30 Tim Geithner Speaks 10:30 Crude Oil Inventories Looking at the news today we will most […]
Continue readingOur auto trader continues to impress us with its simple approach and low drawdown. Let’s check in on the Euro currency futures. The last time we looked at this we were waiting to get our target filled, and it looks like it worked out nicely. No trades today, but our results over the past 30 […]
Continue readingClick Here To Review Our Auto Trader Results From This Morning 820am EST Check the dollar index first: – Daily chart shows us at the highs of the sideways range, in the same spot from Monday (sell the highs) so we expect the dollar to try and drop – Dropping dollar = rising markets – […]
Continue reading– What to do to achieve trading success o Learn the patterns o Learn the rules o Learn the confirmation trigger o This will take about 2 weeks o JJ@schooloftrade.com – Our indicators o You will own all the indicators o Always coming out with NEW indicators o Members get all future updates! – 2 […]
Continue readingLive Trade Room Notes 01-11-2011 Live Trade Room is open, come join us! Morning Prep for day trading futures contracts Let’s start with the economic news for this morning We have a quiet morning for news 10:00 wholesale inventories We will also have a webinar today @ 1130am EST in our live trade room. We […]
Continue readingMany of us were curious to see how the auto trader did over the holiday break. – Did it take back all our money? – Did it chop us up with too many trades? Most automated trading systems will be too dangerous to trade overnight or over a slow period of time like the end […]
Continue readingClick Here To Review Our Auto Trader Results From This Morning We begin our day with the dollar index, because of its strong correlation, it will give us clues as to the future direction of price. Our daily chart of the dollar index shows us at the highs of the sideways range from 81.495 down […]
Continue reading