June 16, 2010
- in Uncategorized by schooloftrade
Determine Sideways Markets
Did you know that sideways markets can pose a threat, and an opportunity to your trading? Dont be afraid of trading sideways markets, look FORWARD to taking advantage of their easy patterns. Today’s video will show you a few easy ways to determine if you are trading a sideways market.
Continue reading June 16, 2010
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futures markets are on the move, lets look at some trading opportunities tonight..
Congrats to all our members that took advantage of some great trading opportunities today in our live trade room, lets look at whats setting up right now… lets start with the dax, we have a 2-step short setting up and it just broke our trigger line, so our entry will be triggering soon… i will […]
Continue reading June 15, 2010
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85 Ticks LIVE Today.Euro Wave Pattern HUGE Day Trade.
Market Gave us clues today…(Expand For Video) 830am EST – Dollar index futures are trading sideways o Slow speed o Average true range at its weekly lows o Slow timeframe was flat o Fast timeframe was flat o Tells us to be careful, lets wait to make sure we have the best price action today […]
Continue reading June 15, 2010
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Did you take this day trade with us? Up-date on ES E-Mini Futures trade…
wow! another great day in our live trade room, and we made money last night on our ES E-emini day trade! it doesnt get much better than this! < Click here if you missed last’s trade > We took the entry long off the lows on the ES E-mini futures, with profit targets of 94 […]
Continue reading June 15, 2010
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Learn the Breaker/Wave Combination Trade
Today we discussed a very exciting trading technique, which uses our Wave and Breaker Patterns to find some very high % opportuities. I also took the time to answer a few questions from the trade room, and finished up with a great lesson on drawing & using trend lines. Candlestick Patterns: – Shooting Star […]
Continue reading June 15, 2010
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our currency contracts are on the move while gold futures continue to sleep the night away…
hey guys, hope you all had a great day in the trade room today! congrats to all our members who made money today, we have a challenging Quadruple Witching OPEX Week ahead of us, so its great to have some profit going into this busy week. I had to run some errands today and I […]
Continue reading June 14, 2010
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53 Ticks LIVE Today. ES and E-Mini made Profit today.
Market Gave us clues today… (Scroll Down For Video) 830am EST – Dollar index futures are trading sideways, double-tops above us, double-bottoms below us o Average true has been dropping today o Speed of the market is dropping o Tells us to expect a sideways day o Slower timeframes will be used o Look for […]
Continue reading June 14, 2010
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Entry Rules Review for Breaker Pattern Day Trading
Lets Review Our Entry Rules Cheat Sheet: Breaker -Be more than 5 ticks away from the big round number (75.00, 1.2000, 56.000) -Must see a breakout first, above/below the RED LINE -Swing Low for short trade, swing high for a long trade -6-ticks from the swing-high/low to the next level of support/resistance ? Uses your […]
Continue reading June 11, 2010
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37 Ticks Live! Trend Lines told the Story
Today’s Trade Room Notes: 830am EST – Dollar index futures dropped and then retraced off those lows, trading sideways o News @ 830am made the market jump, but we expect the price to trickle back down to the opening of the day We want to avoid trading around the OPEN, and when the dollar […]
Continue reading June 11, 2010
- in Uncategorized by schooloftrade
Trade Management for Position Trading & Scalping
Make sure you use the correct trade management for the chart you’re trading: – Scalpers will use the same trade management every single time they execute 4/8/Runner – Day Traders / Position Trader Use the market’s support and resistance to plan our trade management Most common ways to place your stops and targets: ? Swing-High/Low […]
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