November 22, 2010
- in Uncategorized by schooloftrade
Wave Patterns sell the highs on Crude Oil Day Trading Strategy
825am est – Lets get our week started with the news today: – Crude oil futures in the middle of the sideways wedge pattern o Higher risk trades come in the middle o Lower risk trades (high %) occur at the highs or the lows of the wedge. Wait for the market to give […]
Continue reading November 22, 2010
- in Uncategorized by schooloftrade
Day Trading for Beginners; Easy way to learn patterns, 1-contract strategy, Divergence, Multiple Timeframes.
– Email JJ@SchoolOfTrade.com for a copy of the beta version o Train on this next week o Both 6.5 and 7.0 will be available. – Using the Divergence method with the Fast Track o Divergence Method: o The goal is to get more accurate filters for our fast track entries Fast Track = 65% […]
Continue reading November 19, 2010
- in Uncategorized by schooloftrade
Biggest Weekly Profit of 2010 Day Trading Gold and Crude Oil Futures
Hi guys! We finished a record-breaking week in our live trade room with another day of profits and lots of opportunity to learn our trading methods. We earned over 200 ticks every day this week, and we did this with simple patterns, and attention to simple rules, patience, and discipline. Today was OPEX, so it […]
Continue reading November 18, 2010
- in Uncategorized by schooloftrade
Day Trading Strategy for Day Trading Gold and Crude Oil Futures at 10am News Release
Another exciting day we had our live trade room, another 300 ticks of profit, and now over $11,000 this week alone on only 4 contracts. We didn’t have an easy day like yesterday, today we had to work a little harder to keep up with all the patterns, and we didn’t see nearly as many […]
Continue reading November 17, 2010
- in Uncategorized by schooloftrade
Day Trading Strategy for Crude Oil Inventories News 1030am Wednesday
Today is wacky Wednesday Wednesday before the Friday of OPEX. Third Friday of every month is options expiration. The Wednesday before that Friday is when traders begin to balance their portfolio ahead of the expiration on Friday – Large un-expected times of volume – Large buyers and sellers can make it hard to tell when […]
Continue reading November 17, 2010
- in Uncategorized by schooloftrade
Price Reversal Patterns using Support and Resistance Day Trading Strategy
– Price reversal patterns and our trigger lines o Using the 2-step pattern but keep a close eye on the trigger lines from slower timeframes – Does a higher risk trade mean higher reward? o Usually no, lower expectation for success o The reward will be LESS than normal because your rules aren’t lining up. […]
Continue reading November 16, 2010
- in Uncategorized by schooloftrade
Biggest Day of 2010; Selling Short on Gold and Crude Oil Futures Strategy
800am est – Let’s begin our review of the markets with the dollar index futures o Bullish price channel o Middle of the price channel o Bullish wedge pattern o Selling divergence at the highs o Flat trigger line = sideways dollar = sideways everything else o Narrow trading range o Speed is slow o […]
Continue reading November 16, 2010
- in Uncategorized by schooloftrade
Price Channels and Wedges, Drawing Trend Lines and Using These to Make Trading Opportunities
– Trading with trend lines; wedges and channels o Open your chart and zoom all the way out Control + up/down arrow o Drawing trend lines o Defining different patterns Wedge • Sell the highs • Buy the lows • Avoid the middle • Don’t be afraid to trade wedges inside of wedges […]
Continue reading November 15, 2010
- in Uncategorized by schooloftrade
Stop Loss on Gold Futures selling the highs, 2nd move was winner, here’s why
Disclaimer ———————————————- SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and Options trading […]
Continue reading November 15, 2010
- in Uncategorized by schooloftrade
Day Trading Patterns; Easy Ways to Find Trading Opportunities
– Tips and Tricks for Identifying Patterns o Keep it simple o Use range charts Compare a 3-min to a 13-range • Minute charts are VERY different, sloppy, sideways, big candles, small candles • Range charts ALWAYS look the same o Focus on 1 market at a time and learn that 1 market first […]
Continue reading