October 22, 2010
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Momentum Divergence Strategy using Swing-High and Swing-Low
Questions: – Using momentum swing highs/lows comparing to price swing highs/lows (divergence) – New Divergence indicator, add that to the FT Method – Where can you find the trading worksheet o Daily Worksheet is in the download section – When do you use the 4/8 rather than the 5/10 trade management for scalpers o When […]
Continue reading October 21, 2010
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Dollar Index Pops while Gold, Crude Oil, Euro and Mini Russell Drops
800am est – The dollar index gives us reason to be concerned early this morning o Average true range is the lowest its been all week o We’re trading at the lows of the trading range from yesterday (outside day, could turn inside) o Very narrow trading range, and a downtrend to work with. 830am […]
Continue reading October 20, 2010
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Dollar Index helps us day trade Crude Oil and Gold Futures with ease
825am est – We begin our day looking at the dollar index futures trying to get a clue as for where the market is headed today – We noticed the following o Inside day o Short-term downtrend o Very narrow trading range o Downside and upside potential (go either way) – This tells me to […]
Continue reading October 20, 2010
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Day Traders Don’t Trust Pivots or Fibonacci Levels: Here’s Why.
– Why don’t we use fib numbers? Or pivots? o I only trust price levels that have been proven as important s/r levels o Anything that requires a calculation o Once the level is tested and the level holds I am then going to use it in the future. o All of this is done […]
Continue reading October 20, 2010
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Live Crude Oil Trade Calls
Crude Oil Futures: 1115am est – We’ve had an incredible day in the room today, everyone making money – Now we see the crude oil futures are trading at the highs of the day with trend lines overhead making resistance for a possible long trade. – The long side will be higher risk structurally, but […]
Continue reading October 19, 2010
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Day Trading Gold & Crude Oil With Narrow Sideways Trading Ranges
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 October 19, 2010
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Dynamic vs. Static Support/Resistance
– Dynamic vs. Static Support and Resistance o Dynamic = always moving, always re-calculating Moving averages Trigger lines Developing value area HOD/LOD o Static = always the same, does not change Prev HOD/LOD Double-tops and bottoms Auto-levels indicator s/r Big round numbers o How do I make […]
Continue reading October 19, 2010
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250 Ticks Trading Gold, Review Patterns For Later Today
Gold Futures: 1130am est – Lets review these markets for the rest of the day – Gold futures trading sideways just off the lows of the day and directly after the big drop down off the highs from late last week. – We have two options on the gold: o I can buy the breakout […]
Continue reading October 18, 2010
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Crude and Dollar Correlation Works with Mini Russell Futures
We begin our day with the news, so check your news at schooloftrade.com/news Then we notice we have crude oil contract rollover this morning from our 11-10 to the current 12-10 contract. Contract rollover -We look to see when volume is greater on the 12-10 contract and today we roll forward. -Make sure you save […]
Continue reading October 15, 2010
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Euro Currency Futures Day Trading Strategy Selling the Breakout
– We being our trading with the dollar index o We are trading outside of the trading range from yesterday o We have a down-trend o Relatively wide trading range o These are all good signs that the market is going to be giving us something to work with today. o I want to set […]
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