August 25, 2010
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Two Different Trading Options On The Russell
Russell Futures: Trading inside the bearish channel and we have 2 different options. 1. If we can break above the trend line and the resistance level at 94.4, long above 94.4, with profit targets of 96.0 (1/2), 98.0 (1/4), and then all the way to the highs of the channel around 600.0 2. We can […]
Continue reading August 24, 2010
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Scalping Gold and Crude Oil Futures Sideways Markets
Everything we’re watching is trading at the low of day. Crude Oil, Gold, Euro, all trading at their lows this morning when we open our charts. The Dollar is sideways at the OPEN, so this is a little misleading. These lows appear to be premature because the dollar has not broke the highs of its […]
Continue reading August 24, 2010
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Market Profile Day Trading Entry Rules and Compensating Factors SchoolOfTrade.com
This is going to be an overview of how we use market profile.There are hundreds of ways to earn income as a trader, this is what I see as the best way to use this tool, known as Market Profile. I think most traders are given the wrong information and they’re made to think that market profile […]
Continue reading August 24, 2010
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2-Step Short Setting Up On The Gold 13 Range Chart
Gold Futures: We’ve already taken over 150 ticks out of the gold market on the way to new highs today, and now we’re looking to sell these highs to make money on the way back down. We can see a 2-step short setting up on the gold 13-range chart with entry below 33.4. We have […]
Continue reading August 23, 2010
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Day Trading Euro and Crude Oil Futures
830am EST Crude Oil Futures: – We’re trading the 10-10 contract after contract rollover last week – We can see a massive ‘horseshoe pattern’ on our 34-range chart – And we can also see that we have tumbled all the way off the highs of 83.00 and now here we are trading at the lows […]
Continue reading August 23, 2010
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3 Signs of Price Reversal & Fake-Out Breakout
Questions: – Fake-Out Breakouts (price reversals) o The concern is that we will buy/sell the breakout of the trading range and then the price reverses and takes all of our money along with it. o How do I anticipate it coming? Look at the level you are going to be trading with. • Is […]
Continue reading August 23, 2010
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Crude Breaks New Lows, Live Trade Calls On Crude And Euro
Crude Oil Futures: -The crude just broke new lows, so we’re looking for 2 different trading opportunities: – Buy the lows of the bracket for entry above 31, and look for profit targets of 40 (1/2), 50 (1/4), and then all the way up to 73.95 (1/4) o Make sure you watch that trigger line […]
Continue reading August 20, 2010
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21 Ticks Day Trading Options Expiration Mini Russell and Crude Oil Futures
815am EST Crude Oil Futures: – Slower timeframe shows us breaking below the trading range from yesterday – With this trading range below us, and the range above us, we know the following o Sell below 74.00, and buy above 72.61, and then o in the bracket above us, we will sell the highs of […]
Continue reading August 20, 2010
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Euro, Russell, Crude And Gold Trades Setting Up In Real Time
Euro Futures: We have the euro trading sideways around 1.2700, and im looking to buy the lows of this range with a 2-step long pattern above 2706, and if I cant get in at 2706 I can also wait for the more conservative entry above 2723 Profit targets for the long trade will be 2719 […]
Continue reading August 19, 2010
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50 Ticks Day Trading Sideways Markets Mini Russell Crude Oil Futures
845am EST Crude Oil Futures: – Trading sideways from 77.00 down to 74.28 so we know to sell the highs of 77.00 and buy the lows of 74.28 for the highest percentage opportunities. Gold Futures: – Trading at the highs on gold, we are looking to continue with those highs buying above 1238.7, and selling […]
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