September 27, 2010
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200 Total Ticks: Euro and Crude Oil Earn Big Profits
830am EST – The dollar index futures trades at new lows continuing the downward trend in the dollar index futures we saw earlier this month – When the dollar makes new lows we also expect the markets we like to trade to RISE, or at least attempt to test new highs. – The euro futures […]
Continue reading September 27, 2010
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Day Trading Technique: Buying Lows & Selling Highs
– How do we buy the lows and sell the highs o Step1 = define your sideways range Auto levels indicator does this for you Look for 2-tops and bottoms as easy targets for the highs and lows o Step2 = look for the test of the highs/lows Needs to be as […]
Continue reading September 27, 2010
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Grab The Reversal On New Crude Lows
Crude Oil Futures: – Crude oil futures on the 13-range chart is setting up for a reversal pattern off these new lows. – We call this the fast track method using the 2-step reversal pattern, and will use entry above 76.07 (big round number) with target of 10 ticks and a stop of 10 ticks […]
Continue reading September 24, 2010
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Dollar Tumbles and Gave Me a Great Short Entry on Crude Oil and Gold
830am EST – We have durable goods orders at 830am EST – This is one of my ‘big 3’ news events for the pulse of the US economy o Durable Goods = heavy machinery, products, parts, made in big warehouses o Jobless Claims = number of people filing for benefits o Nat Gas Inventories = […]
Continue reading September 24, 2010
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Identify the Trading Day Ahead of Time With This Proven Technique
– Determining if today will be a challenging day o News events Events today • Anything late in the day today • FOMC announcement • Meeting minutes • Fed chairman speaking Events later this week • Is there anything end of the week people may be waiting o Check the Dollar Index […]
Continue reading September 24, 2010
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Sell Highs on Gold and Crude Oil for +50 ticks
Gold Futures: – Watching the gold futures for a breaker long above 1301.6, and a 2-step short below 97.2 Gold Futures Day Trading Euro Futures: – Euro futures at the lows of the slower timeframe (34range) which tells us the buy-side is the better side to be trading right now – I open my 13-range […]
Continue reading September 23, 2010
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Sold highs on Gold, buy the lows Euro and Crude Oil Goes Crazy
815am EST – Crude Oil futures have broken the lows of the bullish channel on the 34 range chart, and now we have multiple trading opportunities: o Swing traders need to see a new pattern short below 73.84 o Day Traders can sell short using a faster timeframe anywhere they see a pattern below 84 […]
Continue reading September 23, 2010
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Russell Currently Trading Sideways, Watch For Breakout.
Russell Futures: – E-mini Russell futures are trading sideways, but we can see some nice open space above this sideways range so im looking for a breakout trade opportunity at the highs. – Long above 659.3 with profit targets of 61.5, 65.0 and 67.5 (prev hod) Russell Futures Day Trading Crude Oil Futures: […]
Continue reading September 22, 2010
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Sell Highs on Gold, Dollar Correlation helps buy the Euro and Crude Oil sells off
830am EST – Most of the markets are still recovering from the FOMC announcement yesterday. – Gold futures trading at all-time highs, top of the channel pattern, and we can see a sideways range from 1296.5 down to 1290.1 o Im looking to buy the lows and sell the highs of this range for day […]
Continue reading September 22, 2010
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Sell Highs on Gold, Dollar Correlation helps buy the Euro and Crude Oil sells off
Sell Highs on Gold, Dollar Correlation helps buy the Euro and Crude Oil sells off
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