July 27, 2010
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Different Types of Traders have different trading goals and different levels of risk
– Which is the best way of trading? o Scalping? Day Trading? Swing Trading? – Scalper: o Lots of trades each day (10-20) o Low risk per trade o Low profit per trade o Low Risk/Reward Ratio o Goal = get in and out during the day to pick up little moves within the larger […]
Continue reading July 27, 2010
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Day Trading Futures using Trend lines to define Channels, Double-tops and bottoms
One of the easiest ways to make profits in these slow summertime markets is use simple trend lines to define the trading range, and then look for opportunities to sell the highs and buy the lows. This is much easier said than done, and in today’s video we discuss the many ways we profit from […]
Continue reading July 27, 2010
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Regional Settings for Ninja Trader
Many computers for day trading purchased outside of the US have Regional Settings that will cause your charts to work incorrecltly. For example…decimals, not comma’s You should see 1.3400 (decimal), NOT 1,3400 (comma) All of your problems will disappear when you change the regional setting on your computer to ‘US’ This is an easy fix: […]
Continue reading July 27, 2010
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Trend Lines for Day Trading Futures Contracts Crude Oil Gold Euro E-mini Russell ES
Hi guys! Did you know Trend Lines are one of the oldest and most commonly-used technical indicators among day traders, scalpers, and even swing traders? Trend lines are one of the most important aspects of our day trading because of the following reasons: 1. It DEFINES the trend of the hour, day, week, month, and […]
Continue reading July 26, 2010
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95 Ticks using Trend Lines Wedge Chart Patterns Define Trading Opportunities
We had another great day in our live trade room today, congrats to all of our new members who joined us over the weekend, we have an exciting month of July to finish up this week. Today we saw almost exactly what we expected… – Slow start to the day – Sideways markets – Our […]
Continue reading July 26, 2010
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Lets Prep For This Afternoon’s Day Trading…
21 Range Russell We had another profitable day in our live trade room, but we are also watching some easy patterns for all our members trading the afternoon sesssion… The Russell has finally broken its overhead reisstance, and looking for us to buy this breakout on the 21Range chart. […]
Continue reading July 26, 2010
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Day Trading Swing Trading Review of our Trades & Day Trading Q&A
One of the easiest ways to earn income in these slower summertime months is to look at slower timeframes for your trade entries. In today’s video we review the trades we took on Friday, most importantly, you can see the patterns on the 13 and 21-range charts that we used for Friday’s 250 ticks of […]
Continue reading July 26, 2010
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Trading Gold Futures Contracts, Here Is Our Re-Entry
Gold Futures: Gold Futures recently broke the sideways wedge pattern to the downside. We entered short below the 83.0, and took our first profit target of 81.3 (1/2) We then moved our stop to entry, and got stopped out of the trade. Now we’re looking for a re-entry, using the new swing low level of […]
Continue reading July 23, 2010
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250 Ticks Live Day Trading E-Mini Russell Futures Strategies
We finished a great week in the live trade room today with another day filled with lots of profit and plenty of opportunity to learn more about our trading methods. We really saw the effects of the summertime slow-down today, but we had a very good plan of attack ready for it! The key to […]
Continue reading July 23, 2010
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Range Charts, Time Charts, Tick Charts
Hi guys! Are you aware of all the different options we have for chart timeframes and time intervals? Did you know there are over 10 different types of charts we can use as day traders? Did you know that some chart types are better for day traders? Let’s look at the basics first… Day trading […]
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