September 22, 2010
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Advanced Course Trade Tutorial, Crude Oil, Euro, and Russell Trades
Crude Oil: We open our 13-range chart on the crude oil and we see us at the highs of the channel around 76.00, so we’re looking for a selling opportunity at these highs. o Entry short < 75.50, with targets of 40, 30, 18 (soft), and then the lows of 75.00 as the final (hard) […]
Continue reading September 21, 2010
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Trading Strategies: Best Ways We Use Divergence To Earn Profit
– Divergence: o Going in opposite direction, ‘diverging’ from the mean (center) o When the price rises, and the indicator falls (regular divergence) o When the indicator rises and the price does not (hidden divergence) o EXAMPLE: Crude Oil price is rising, but momentum is pointing down • Expect the market to reverse b/c […]
Continue reading September 21, 2010
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Mini Russell Trading At The Highs of The Channel.
Russell Futures: Mini Russell trading at the highs of the channel, so we have a price reversal opportunity getting short below 62.4 Profit targets are 61.0 (1/2), 57.8 (1/4), soft target at the trend line, and the hard final target all the way at the lows of the channel at 46.5 (1/4) Russell Futures […]
Continue reading September 21, 2010
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Are You Watching The Euro Futures With Me?
Hope you had a great day in our live trade room, we earned over 180 ticks on 4 contracts, and we are excited to get ready for tomorrow’s trading. I’m watching the euro futures right now across multiple time frame and we have some great day trading opportunities for you to look for… I’m using […]
Continue reading September 20, 2010
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Dollar Index told Scalpers and Day Traders where to buy crude,Russell, & gold
– Dollar index is trading inside the trading range from last week (inside day) o This tells us that the rest of our markets will likely also be sideways and consolidated. o The best option is to wait for the dollar to breakout, and then look to trade with the increased trading range on other […]
Continue reading September 20, 2010
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10:30 Reversal Pattern; Channels, Wedges and sideways trading ranges
– 10:30 Reversal o Market opens at 930am, retail trades and locals get into the market (no big money yet) o Money managers (big money) doesn’t enter the market until they SEE their first opportunity Youre trading a 30 min chart, which requires at least 2 candles to set up a pattern 2 […]
Continue reading September 20, 2010
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Looking To Sell Highs Of Crude Oil Futures
Crude Oil Futures: – Crude oil is trading at the highs of the bearish channel on our 13 range chart, and im looking to sell the highs. – I need to avoid the support levels around 75.60, so wait to break < 55 for entry short – Profit targets are 43 (1/2), 30 (1/4), soft […]
Continue reading September 16, 2010
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Crude Oil Broke Support, So I Sold The Highs of Sideways Range.
Reminder that tomorrow, Friday, is Options Expiration, but this is one of the 4 times a year when we have quadruple witching. More info on the 10:30 Reversal can be found here: http://www.sidewaysmarkets.com/2010/04/8-phases-of-e-mini-markets-we-trade we see the market open @ 930am EST, and then the BIG money enters the market at 10:30am EST, which causes a reversal. […]
Continue reading September 15, 2010
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Simple Methods Work Best Day Trading Crude Oil Futures Euro Emini Russell
Gold Futures are trading off the all-time highs of 1276.5, and we see three reasons to be bearish (short side) on gold: 1. Top of the channel pattern, sell the highs 2. Top of the wedge pattern, sell the highs 3. We see a head and shoulders pattern (price reversal pattern) When do we ignore […]
Continue reading September 15, 2010
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Day Trading Scenario: $20,000 What Are My Trading Options?
– Trader’s Scenario: o Trading Gold, Russell, Crude on 13r chart (day trade & swing trade) Stops and targets will be variable Average stop = 20 ticks o Currencies, Euro, Pound, Yen on 8R chart (scalping) Stops and targets will be the same • 8-12 tick stop • Targets = 8/16/Runner (8tick […]
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